National Insurance for the Self-Employed Self-employed individuals with profits of more than £12,570 a year pay two types of NIC: Class 2 and Class 4. Two key changes come into…
Read moreScottish Taxpayers If your main residence is in Scotland or you are otherwise classed as a ‘Scottish taxpayer’, the application of income tax rates and bands applies differently where ‘other…
Read moreAs the dust settles from the rush of the January 31st tax return deadline, many of you might be taking a well-deserved sigh of relief. But as we all know,…
Read moreOn top of the major changes to research and development (R&D) tax relief that took effect from 1 April 2023, there are yet more changes that take effect from 1…
Read moreYou might wish to consider bringing forward capital gains to before 6 April 2024 where you haven’t used your £6,000 CGT annual exemption. This exempt amount reduces to just £3,000…
Read moreAt the top of the New Year to-do list for many individuals is to make or update their Will. Many think this is something to leave until later in life,…
Read moreUnderstanding the Autumn 2023 UK Budget: Income Tax Changes for Employees and Self-Employed Individuals
Dec 14 2023-
For Employees National Insurance Contributions Class 1 NICs Reduction: Starting from 6 January 2024, the main rate of Class 1 NICs will be reduced from 12% to 10% for employees…
Read moreDeck the Halls with Acts of Kindness! As the year winds down and we are all caught up in the festive spirit, it's not just a time for mince pies…
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