Did you know that every Christmas, the MMG office turns into Santa’s grotto? We are proud of our Dundonian roots, and we care about the community in which we live…
Read moreMORE TIME TO REPORT AND PAY CGT ON RESIDENTIAL PROPERTY DISPOSAL & NEW RESIDENTIAL DEVELOPER TAX
Nov 11 2021-
Many were expecting substantial changes to capital gains tax in the Autumn Budget, particularly as the Office of Tax Simplification (OTS) had suggested that CGT rates should be aligned with…
Read moreCHANGES TO R&D TAX RELIEF, CULTURAL TAX RELIEFS DOUBLED & GROUP RELIEF FOR EUROPEAN COMPANY LOSSES TO END
Nov 11 2021-
As announced in the Budget R&D, tax relief will be reformed from April 2023 to support modern research methods by expanding qualifying expenditure to include data and cloud costs, and…
Read moreBusinesses investing in plant and machinery will welcome yet another extension in the 100% Annual Investment Allowance (AIA) until 31st March 2023. The 100% relief was scheduled to revert to…
Read moreThe basic rate of income tax and higher rate remain at 20% and 40% respectively, and the 45% additional rate continues to apply to income over £150,000. As previously announced…
Read moreTHE NATIONAL LIVING WAGE INCREASED TO £9.50 AN HOUR AND SOME NATIONAL INSURANCE THRESHOLDS ARE CHANGING
Nov 11 2021-
Among the announcements leaked before Budget Day was an increase in the hourly rate for the National Living Wage (NLW), which was greater than inflation for those aged 23 or…
Read moreThere are tax exceptions of spreading festive cheer. Read on… CHRISTMAS GIFTS OF UP TO £50 TO EMPLOYEES Remember that certain gifts to staff at Christmas are tax free if…
Read moreWork life balance and flexible working benefits may be more valued than some of the more expensive employee benefits offered by some businesses. Google is well known for providing…
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