Understanding Vehicle Replacement Grants in London: A Comprehensive Guide
Introduction Amid growing concerns over air quality, London is promoting various grant schemes aimed at incentivising the replacement of older, polluting vehicles. This guide offers an overview of the existing programmes, their eligibility criteria, and the application process. Why the Initiatives? Air pollution in London consistently exceeds recommended limits, posing public health risks. Replacing old […]
How the Employment Relations Act 2023 is Transforming Flexible Working
We are thrilled to share the exciting news that the Employment Relations (Flexible Working) Act 2023 has received Royal Assent, paving the way for significant changes in the current flexible working system. These proposed changes aim to create a more balanced and accommodating work environment for both employers and employees. In this blog post, we […]
Changes on the Horizon for Paternity Laws in the UK
In recent news, the UK government has announced significant amendments to paternity laws, bringing about a shift in how employers handle their policies and practices surrounding parental leave. While an exact implementation date has yet to be set, these impending changes necessitate proactive measures by all employers to ensure compliance with the revised regulations. This […]
4 New Laws Confirmed for 2024: What You Need to Know
In an effort to address important issues concerning employee rights and support, the United Kingdom has announced the confirmation of four new laws set to take effect in 2024. While these laws have been in development since 2018, they have now officially become Acts, signaling a significant step towards their implementation. However, it’s important to […]
Maximising Tax Savings with the New First Year Allowances Rule in the UK
The UK tax landscape has undergone a significant change with the introduction of the new First Year Allowances (FYA) rule, which has replaced the Super Deduction Capital Allowances. Businesses need to understand the implications of this new rule and how it can help them maximise their tax savings. In this blog post, we will explore […]
Mitigating the long-term effect of inflation
With continuing inflation in the UK, many of us and our businesses have been put “off track” in the short to medium term. The Bank of England recently increased interest rates by a quarter of a percentage point to 4.25 per cent, despite the turmoil that has engulfed banking in recent weeks. The rise was […]
Budget Update March 2023
On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget to Parliament and set out a plan to reduce inflation, grow the economy and get government debt falling all whilst avoiding a recession and tackling labour shortages. Below we set out some of the main points. COST OF LIVING SUPPORT Energy Costs The Energy […]
Maximising Tax Relief: Strategies for UK Businesses Under the New Corporation Tax Rates
From April 2023, there will be new corporation tax rates for businesses in the UK, these changes will affect companies of all sizes. In this blog post, we will discuss the new corporation tax rates and why it is important for businesses to start investing in assets for capital allowance deductions and pensions to reduce taxable profits. New Corporation Tax Rates Currently, the corporation tax rate for UK businesses is 19%. However, from April 2023, the corporation tax rate will increase to 25% for businesses with […]
Are you aware of the new corporation tax rules coming in 2023/2024?
As business owners, the new corporation tax rules for 2023/2024 have been on our minds a lot lately. The changes bring a mix of both challenges and opportunities, and we know that we need to be well-informed in order to make the best decisions for our company. One of the most significant changes is the […]
Time running out to fill gaps in National Insurance record
A generous government scheme which allows people to fill historic gaps in their National Insurance record will come to an end in less than three months Those who could benefit are being urged to apply before the 5 April deadline as investing in state pension top-ups can generate a better ‘rate of return’ than almost […]
