Our Spring 2024 Budget Predictions

Our Spring 2024 Budget Predictions

What can we expect in the budget? In two weeks, Jeremy Hunt will stand up and deliver the spring budget 2024. This will be the last budget before an expected general election. So we can expect some tax giveaways. Well, here’s our prediction on what we could see...
Twin Cab Pick Up Trucks – Huge Tax Changes -UPDATED

Twin Cab Pick Up Trucks – Huge Tax Changes -UPDATED

Are you thinking about buying a double cab pick-up for your company vehicle? If you are, then you need to read on carefully. Otherwise, it could cost you a lot of money. From 1 July 2024, double cab pick-ups will be treated as vehicles instead of commercial vehicles...
YEAR-END TAX PLANNING

YEAR-END TAX PLANNING

It’s not too late to undertake some end-of-year tax planning. If you have some spare cash, an obvious tax planning point would be to maximise your ISA allowances for the 2023/24 tax year (currently £20,000 each). You might also consider increasing your pension savings...
Tax relief for commercial property purchase

Tax relief for commercial property purchase

No one likes to miss out on tax breaks, but if you purchased a commercial property in the last two years, the chance to claim significant tax is due to expire. If you buy a commercial property, it is possible to attribute part of the cost to fixtures, which can then...
Our Autumn Statement 2023 predictions

Our Autumn Statement 2023 predictions

It’s about a week to go until the Autumn Statement. The Chancellor will stand up on 22 November to reveal his plans. But what can we expect? On the face of it, there shouldn’t be much news – the current economic climate of high inflation and low...
Year end tax planning

Year end tax planning

It is always a good idea to set up a planning meeting with us a couple of months before your business year-end so that we can advise you on the best actions to take to reduce your taxable profits. In addition to considering paying yourself a bonus from your company,...