A trust is an arrangement where an asset is transferred by a person (the settlor) to one or more people (the trustees) to hold for other people (the beneficiaries).  For most kinds of trusts, it is the trust itself that is taxable on any income or capital gains that arise. Below we look at capital […]

Please see below deadlines for your business this month. 7th May 19th May 31st May If you need help with any of the above, including filing tax returns, please contact the team at James & Uzzell now to see how we can help.

From 6th April 2023, there are new earnings thresholds for student loan repayments. New Thresholds How much an employee has to repay depends on their income. They will repay a percentage of income over the ‘threshold’ for their type of loan. The new thresholds are as follows: If an employee has more than one job, […]

From 1st March 2023, HMRC announced a fall in advisory fuel rates (AFR). Clients can use the old rates up until 31st March 2023. New Advisory Fuel Rates Use the AFR to reimburse employees who use a company car/van for business travel, or to acquire fuel repayments from employees who use the company car/van for […]

Please see below deadlines for your business this month. 5th April 7th April 19th April 30th April Deadlines  If you need help with any of the above, including filing tax returns, please contact the team at James & Uzzell now to see how we can help.

We’ve created an easy-to-read tax table that outlines the tax thresholds for 2023/24, following the Spring Budget on 15th March 2023. Tax Tables for the 2023/24 tax year here. While the majority of the 2023/24 tax rates were released in Autumn 2022, some changes involved unwinding the announcements of Mr Hunt’s predecessor. Key Tax Changes […]

Chancellor Jeremy Hunt has unveiled the contents of the Spring Budget today, which focuses on prompting people to return to work and boosting business investment. Below is a summary of the Spring Budget 2023. Spring Budget 2023 Summary The government led the Spring Budget by claiming that they believe the UK will avoid a recession […]

Inflation happens when there is more money in circulation than there are goods and services available to purchase. This can greatly impact businesses up and down the nation. What is Inflation? Inflation is the rate of increase in prices over a period of time – such as the increase in the cost of living. Ultimately, […]

Inflation is impacting the cost of living across the world, but the UK in particular seems to be taking a large hit. Prior to the pandemic, the level of poverty in the country was at an all time high and, with a long period of cuts to social security, support for low income houses fell. […]

With the current climate crisis, companies are doing more to improve their sustainability. Not only this, but with the push for net zero across global markets increasing, many firms want to take stock of their carbon footprint.  Another motivator for this is the significant savings that can be made through green incentives and schemes – […]