Chancellor Jeremy Hunt delivered his 2023 Spring Budget speech yesterday, outlining a range of financial measures. Mr Hunt outlined a £27 billion transformation of capital allowances; a £500 million package for research and development (R&D)-intensive businesses; and reforms to childcare. The Chancellor also announced the abolition of the pensions lifetime allowance and increased the pensions
Chancellor Jeremy Hunt has today unveiled the contents of his Spring Budget Statement in the House of Commons. Our full detailed version will be posted on our website shortly but here is a summary of the key measures that were announced. Employment Taxation Energy Businesses Keep an eye on our website for a full and
For our next Client Feature, we spoke to Sophie Reed, founder and owner of South Coast Home Care, who are an award-winning independent care provider based in Chichester, providing high-quality care and companionship which ranges from hourly care to full-time, live-in care. Sophie is extremely passionate about delivering high-quality care at exceptional standards, and is
To celebrate International Women’s Day 2023, we asked some of our team what they think their biggest achievements are both in their professional and personal lives. In this exercise, we found it quite hard to take a step back and recognise our accomplishments, but we felt International Women’s Day was the perfect time to do
As a small business owner, careful and strategic tax planning is crucial for reducing your end-of-year tax bill. There many types of tax relief, expenses claims, allowances, and ways to minimise corporate taxes to make sure that you don’t pay any more tax than you need to. With this in mind, we have pulled together
In November last year, Chancellor, Jeremy Hunt made some key announcements during his delivery of the Autumn Statement that could affect how much tax you pay from April 2023. The new tax year is set to bring a number of changes that will impact businesses, so it is important to begin preparing for these changes.
From 1 April, 2023, new rules will come into effect for Corporation Tax, and the rate that companies pay will depend on the level of their profits. The corporation tax rate currently is 19%, irrespective of a company’s profit. However, from 1st April 2023 onwards, the rate of Corporation Tax that you will pay, will depend
Chichester District Council’s Enabling Grant Scheme opened for applications on 11 January 2023. The Enabling Grant Program was designed to help improve the efficiency of independent local businesses, to maximise the potential for growth and to assist new businesses with start-up costs. Applicants who meet the eligibility criteria can apply for one of the two grants available
There is always so much to remember when you are running a business, so the beginning of a new year is a great time to get organised and start planning for the year ahead. To help you get started, we have put together some important key tax and accounting dates that business owners should be
If you have recently set up a new company, or you have been managing your business’s finances independently up until now, there are many ways that hiring an accountant can be a huge benefit to the overall growth and success of your business. There is no legal requirement for a limited company to have an
The beginning of a new year is a really good time to think about creating some financial New Year’s resolutions for your business, so you can ensure you hit the ground running for a successful and profitable year ahead. In our personal lives, many of us see a new year as the perfect opportunity to
Earlier this week, the Government announced it would be postponing Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) for two more years until April 2026. As well as delaying it’s implementation, the government also made changes to the terms of the self-assessment stage of MTD, and a planned review means further changes
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