What does the Spring 2023 budget mean for businesses and bookkeepers?

On 15th March 2023 Chancellor Jeremy Hunt delivered his Spring Budget. Here is what it means for businesses and bookkeepers. What the Budget means for personal tax What the Budget means for business tax If you are a business owner and you do your own record keeping using Sage 50 Accounts, and want to know how to do more of … Read More

Wage and Salary Changes to be aware of from April 2023

The government announced in their Autumn statement that from April 2023 there will be some important changes that will affect wages and salaries. Income Tax changes The additional rate threshold for the 45% tax rate will move from £150,000 to £125,140. All other income tax thresholds will remain at the current rate until April 2028. National Living Wage and National … Read More

Will the new business rates affect me?

On 21st October 2021 Rishi Sunak the Chancellor of the Exchequer announced the changes to business rates as part of the Autumn budget. He said that from 1st April 2022 until 31st March 2023 a new business rates relief would come into effect. The 50% relief, which is capped at £110,000 per organisation, is available for eligible businesses in the … Read More

The Budget 2018 for businesses

laptop open and lady using smart phone

The Budget 2018 has been announced. It will be the final one before the UK leaves the EU. It was put forward on Monday 29th October 2018 by Chancellor Philip Hammond. Here is what it means for businesses. Will I pay less income tax? 31 million people pay income tax in the UK –  18 million men and 13 million … Read More