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Navigating the 2024 UK Budget: Essential Insights for Individuals and Businesses
Chancellor Jeremy Hunt’s latest budget announcement marks a significant shift in the UK’s financial landscape, introducing a series of changes...
Navigating the New HMRC Tax Changes for Double Cab Pickup Owners
This guidance applies exclusively to companies acquiring pickup trucks after 30 June 2024. Vehicles bought before this date will not...
Simplify Your HMRC Debt with New Personal Gateway Payment Plans
Dealing with HMRC tax debt? Here’s a bullet-point guide to ease the process: Eligibility: Suitable if you: Have filed your...
Unlock Business Potential with Northumberland’s New Grant Schemes
Northumberland is buzzing with new opportunities for businesses! Recently, two grant schemes have been introduced to bolster capital investment and...
Navigating Christmas Expenses: A Comprehensive Tax Guide for Businesses by Kudos Accountants
The festive season is a vibrant time for businesses to express gratitude and celebrate achievements. However, the joy of giving...
Navigating Financial Changes in 2023/24 with Kudos Accountants
As we navigate through the dynamic financial landscape of 2023/24, it’s crucial to stay informed and adapt to the changing...
HMRC Targets Side Hustles: A New Era of Tax Compliance Begins
There’s an important update for those of us juggling side hustles alongside our regular jobs. HMRC has rolled out a...
Basis Period Reform: Should I Change Accounting Date?
The question of whether to change accounting date is all the more important due to Basis Period Reform. There are...
Holiday Lets vs Buy-to-Lets: Pension Contributions and Tax Implications
Confused about property investments and pensions? Let’s break down the key differences between holiday lets and buy-to-lets in terms of...
Start-up loans for new businesses
Start Up Loans are personal loans designed to help new businesses begin trading. They were created to support would-be business...
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,...
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,...
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...
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...
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,...
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...
Budget Update March 2023
On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget to Parliament and set out a plan to reduce...
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...
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...
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...
Mini-budget: What it means for you and your finances
Income Tax Basic rate cut by 1p to 19p from April 2023 Scrapped: 45% top rate for high earners National...
How To Get Started With Xero in 10 Easy Steps
If you are brand new to Xero accounting software it can seem a bit overwhelming at first. Fortunately we are...
Cycle to work scheme
If you’re not able to car share, or you’re trying to get fit, then the cycle to work scheme may...
Car or Van – What is a Van for Tax Purposes?
There is a certain type of vehicle where it becomes difficult to establish whether the car benefit rules or the...
A Guide On How Employees Can Claim VAT on Mileage Payments
Often employees will carry out business journeys for a number of reasons, whether this be in their own car or...
Changes to Corporation Tax from 2023 – Calculate your increase
Currently all Limited companies in the U.K pay 19% corporation tax on annual profits but this will increase for many...
Spring Statement – Key Points
Key Points Fuel duty to be cut by 5p per litre for 12 months 0% VAT on home energy-saving products...
Statutory Sick Pay Rebate scheme (SSPRS)
The government is reintroducing the Statutory Sick Pay Rebate Scheme (SSPRS). This will be a temporary scheme to support employers...
National Insurance Changes
The impact of the new National Insurance changes You’ll no doubt have seen the news of a rise in both...
Budget March 2021 – Key Points
Chancellor Rishi Sunak has unveiled the contents of his Budget in the House of Commons and details below will state...
VAT deferral scheme UPDATE
During the early stages of the first lockdown, the Government gave the option to defer your forthcoming VAT bill until...
Free HR service for all our clients!
You may now be aware of our ongoing partnership with Peninsula, the UK’s market leader in Employment Law and Health...
Job Support Scheme
10 Part email series on how small businesses can access the government’s coronavirus support. We would like to apologise for...
Deadline Extension and Time to pay online application
HM Revenue and Customs has announced anyone who cannot file their return by the 31 January deadline will not receive...
The VAT domestic reverse charge: what your construction business needs to know
The VAT domestic reverse charge: what your construction business needs to know A major shakeup of VAT in the construction...
80% Furlough Grant
Gov.uk has announced that 20th April is the launch date to allow us to make claims on your behalf. As...
It’s that time again, the final day of the tax year!
Tomorrow is the final day of the tax year. This means from Monday 6th April, you are able to complete...
