Spring Budget 2024 Summary Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public services and lower taxes’. Lowering taxes The Chancellor made further changes to...
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Spring Budget 2024 – Key Tax Announcements
Today, Chancellor Jeremy Hunt announced his 2024 Spring Budget where he summarised the UK economic performance and announced his proposals for tax. We highlight below some of the key tax changes announced. National Insurance Contributions cut From April 2024,...
2024 Ransomware Trends
The cyber security criminals aren’t giving up, and they’re not just doubling down either. They are now tripling down. They even have virtual “ransomware supermarkets” for criminals to pop in and buy ransomware in a box with a set of instructions so even more criminals...
What is an Audit?
An audit is an investigation conducted by an independent party into a company’s financial report. An audit aims to provide assurance (different from a guarantee) that when audits are performed, the financial statements are true and fair according to the relevant...
Mandatory payrolling of employment benefits from 2026
HMRC have announced that from April 2026, the reporting and payment of income tax and Class 1A National Insurance Contributions (NIC) on benefits in kind will be required to be made through payroll software. This is a significant development and will affect all...
Tax benefits of marriage
Considering popping the question on Valentine’s Day? Here we look at some of the various tax credits and breaks married couples can benefit from and how it can pay to get married. The Marriage Allowance | Inheritance Tax | Pay less Capital Gains Tax | Reduce Income...
Employee ownership trust problems
In this article, we are going to outline some of the problems that might arise if the transition to employee ownership is not managed and advised on correctly.Valuation of the company When selling your business to an EOT it is very important that you keep the...
Benefits of an Employee Ownership Trust
An employee ownership trust (“EOT”) is a trust that is set up to acquire shares in a trading company and holds them on behalf of the employees of the company. There are several benefits to both the employees and the sellers disposing of their shares to the trust, both...
EOT Tax Benefits
An Employee Ownership Trust (“EOT”) is a trust that acquires shares in a company and holds them on behalf of the employees. It is an increasingly popular exit strategy for shareholders, which offers attractive tax incentives and peace of mind over the succession of...
Spring Budget 2024 Summary
Spring Budget 2024 Summary Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public services and lower taxes’. Lowering taxes The Chancellor made further changes to...
Spring Budget 2024 – Key Tax Announcements
Today, Chancellor Jeremy Hunt announced his 2024 Spring Budget where he summarised the UK economic performance and announced his proposals for tax. We highlight below some of the key tax changes announced. National Insurance Contributions cut From April 2024,...
2024 Ransomware Trends
The cyber security criminals aren’t giving up, and they’re not just doubling down either. They are now tripling down. They even have virtual “ransomware supermarkets” for criminals to pop in and buy ransomware in a box with a set of instructions so even more criminals...