This article highlights recent developments in UK business taxes, including changes to National Insurance Contributions for the self-employed in 2023/24 and Making Tax Digital for Income Tax. It also covers…
Read moreThe UK government has recently announced changes to income tax rates and allowances, which will have a significant impact on individuals' tax liabilities over the next few years. The personal…
Read moreRecent UK government announcements have implications for capital gains tax, inheritance tax, and VAT. The annual tax-free capital gains tax exemption will be significantly reduced, the inheritance tax nil rate…
Read moreWhen I became an accountant ’The Olivetti Computer’ in the corner was only ever used by certain people, how times have changed!” With her Institute of Chartered Accountants of Scotland…
Read moreThe 130% super-deduction for the investment in plant and machinery was introduced in the March 2021 Budget. The enhanced tax deduction is available to limited companies that acquire new plant…
Read moreThe CGT annual exempt amount reduces from £12,300 to just £6,000 for gains made in 2023/24. Remember that the 2022/23 allowance is lost if not used by 5 April 2023…
Read moreFor most taxpayers, the maximum pension contribution is £40,000 each tax year, although this depends on their earnings. This limit covers both contributions by the individual and by their employer.…
Read moreThe MMG Christmas Grotto is now open for donations! Over the past seven years, the team at MMG have supported Help for Kids with their Christmas gift appeal, and we’re delighted to…
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