Changes to National Insurance may grab the headlines, but other reforms will help the self-employed.
No reform of Inheritance Tax or Capital Gains Tax
With no changes to Capital Gains or Inheritance Taxes announced, despite the recent speculation, more focus placed on “simplification”.
Sustainable investment, the arts and social policies
Intertwined with the headline changes to NICs and tax breaks were a series of measures aimed at promoting green investment, increasing social sustainability and supporting the UK’s world-leading arts sector.
National Insurance Contributions
Changes announced in the 2023 Autumn Statement mean reductions in National Insurance Contributions (NIC) for millions of employed and self-employed individuals.
Budget 2023
Our analysis of the announcements in the 2023 Budget.
Look before you liquidate
Saving money by liquidating (or striking off) redundant companies may seem appealing. But only do so after you have searched for hidden assets.
Autumn Statement 2022 – Back to where we were
Our analysis of the tax announcements in the Autumn Statement 2022.
The government says all must contribute
To deliver “fiscal sustainability underpinned by fairness,” the government asks everyone to contribute .
R&D tax credit cash-back reduced
Surprise reduction in SME R&D tax credits, especially for those looking for cash-back, as government aims to “rebalance” this relief as RDEC rates increased.
An additional £79m for HMRC
More resources are welcome, although routine HMRC work needs support too so that businesses can grow.
Introduction of the Tesco tax?
The reduction of allowances for capital gains and dividends will require more individuals to complete self-assessment tax returns.
HMRC ‘nudge letters’
HMRC receives vast amounts of information from a variety of sources every year.
Talent and commitment
Business Services
Running a business is a lifestyle in and of itself. It’s about building a legacy of your own from the ground up, whether you decide to sell it or pass it on to the next generation. We’ll be by your side throughout your business’s lifetime, simplifying the complex, broadening the scope of your plans with new opportunities, and giving you the push you need to accomplish great things.
Talent and commitment
Private Client Services
We want our clients to be excited about the future and secure in the present, and through our services for private clients, we aim to provide that confidence. With specialist technical knowledge of personal tax, trusts, luxury assets and more, and an exceptional client focus, we provide financial certainty for the whole family.