Latest blogs for Services

If you are married or in a civil partnership, you may be entitled to a tax refund of up to £1,256.   It has been reported that over 2 million qualifying couples miss out on the Marriage Allowance, despite it being really easy to apply. If the claim is made outside of the Self Assessment…

The Cambridge and Peterborough Combined Authority have announced a new grant initiative, which they have initially funded with £310k. Grants of between £5k and £30k are available to businesses that meet the following key criteria: Project criteria: Safeguard jobs Bring new products to market Invest in new technologies, processes or measures to improve productivity Eligible…

Peace of mind for your family: Wills, Lasting Power of Attorneys and Inheritance Tax Planning.   Benjamin Franklin is famously quoted as saying that “nothing is certain except death and taxes”. It’s a sombre thought, but it is important to have the correct planning in place to ensure that your estate passes in accordance with…

Let’s look at the 2024 Spring Budget for individuals. With the next general election on the horizon, Jeremy Hunt had no choice but to deliver an impactful Budget. Here is a summary of the main changes affecting individuals:   Class 1 National Insurance A fresh cut to primary Class 1 National Insurance contributions for employees from…

Spring Budget 2024, a Budget to lower taxes and achieve higher growth.   The Chancellor has announced that there is good news for the economy, with the Office for Budget Responsibility (OBR) confirming that inflation is currently at 4% and is likely to reduce below the Governments target of 2% in the next few months.…

778,068 beat the clock to complete their Self Assessment tax returns on 31 January 2024!   HMRC have released their Self Assessment 2023 facts and figures: 12,187,811 Self Assessment tax returns were issued to tax payers 11,581,962 expected tax returns were received by 31 January (95% of returns expected) An estimated 1.1 million customers missed…

With the tax year end approaching, we are busy assisting our clients with end of year planning. Pension contributions before 6 April 2024 are a valuable planning tool for all taxpayers, whether they are self-employed, Company directors or employees. Additionally we also have opportunity to support our clients when it comes to occupational schemes which,…

Thinking of offering your property for short term lets? Planning permission may be required.   What’s Changing? From this summer the Government will introduce legislation to require owners of new short term lets in England to secure planning permission to use their properties for this purpose. You will need to be aware of this requirement…

If you owed Income Tax or Capital Gains Tax via Self Assessment for the 2022/23 tax year, this should have been paid by 31 January 2024. Interest will be accruing on any unpaid tax at a staggering rate of 7.75%.     If you cannot pay your Self Assessment tax bill and need help, you…

*An update on this has since been posted. Click here to read the updated information.*     The tax treatment of double-cab pick-up trucks is set to change with effect from 1st July 2024, and will see the vehicles lose their status as ‘commercial vehicles’ when it comes to company car taxation. This could see…