Budget summary 30 October 2024
October 31, 2024
The long awaited, much anticipated and dreaded first Budget of the new Labour government was delivered to Parliament today - 30 October 2024 - by the Chancellor, Rachel Reeves.
We now know where the funds will come from to finance...
Read More...100 days to the 2023-24 self-assessment filing deadline
October 29, 2024
HMRC have kindly reminded us - their online post of 23 October refers - that there are approximately 100 days (to 31 January 2025) to prepare and file a 2023-24 self-assessment (SA) tax return.
In their post they say:
"More...
Read More...Will the Budget increase employment costs?
October 28, 2024
Employers' NIC
There is ongoing speculation about potential increases in employers' National Insurance Contributions (NICs). While the government is...
Read More...Common sources of investment funding for SMEs
October 24, 2024
Small UK businesses have a variety of investment sources available, depending on their needs and stage of development. Here's a look at some of the most common options.
Personal Savings Many entrepreneurs start by...
Read More...Main objectives of new Pensions Bill
October 22, 2024
The King's speech earlier this year announced the creation of a new Pensions Bill. The Bill aims to increase the range of investment options for pension funds and to improve the retirement outcomes for future...
Read More...Will she, will she not?
October 17, 2024
There is an ongoing discussion in Treasury circles, fuelled by lobbying from public sector unions, that the recent public sector pay deal may sideline any possible reduction in higher rate tax relief in the forthcoming budget.
The...
Read More...Tipping laws come into force
October 11, 2024
From 1 October 2024, you can be reasonably sure that when you leave a tip or pay a service charge your largesse will benefit the establishment staff, not the business owners.
The following update...
Read More...Key performance indicators
October 9, 2024
Key Performance Indicators (KPIs) are widely used across industries in the UK to measure success and performance. Here are some of the top KPIs commonly used in various sectors:
1. Financial...
Read More...Financial Services Compensation Scheme
October 8, 2024
In the UK, bank deposit protections are provided through the Financial Services Compensation Scheme (FSCS). The FSCS offers a safety net for consumers in the event that a bank or financial institution fails. Key points about deposit protection...
Read More...Young people urged to cash in their government savings pot
October 8, 2024
More than 670,000 18-22 year olds, yet to claim their Child Trust Fund, are reminded to cash in their stash as HM Revenue and Customs (HMRC) reveals the average savings pot is worth £2,212.
Child Trust Funds are long term, tax-free...
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