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In Chancellor Rachel Reeves’ recent Autumn Budget, significant changes to National Insurance were announced, poised to have a considerable impact on employers and the broader economic landscape.
Here are some of the main announcements from the UK Autumn Budget.
As the UK gears up for the Autumn Budget, scheduled for Wednesday, 30th October 2024, the financial world is buzzing with speculation about the potential changes and how they might impact individuals and businesses alike.
As tax season rolls around, it’s essential to ensure your finances are in order to avoid unnecessary stress and take advantage of every opportunity to save. Our expert tax team at Exchange Accountants has put together their top tips to help you streamline your tax return and maximise your savings.
As tax season rolls around, it’s essential to ensure your finances are in order to avoid unnecessary stress and take advantage of every opportunity to save. Our expert tax team at Exchange Accountants has put together their top tips to help you streamline your tax return and maximise your savings.
Digital accounting, the modern approach to managing finances, can be a game-changer for businesses aiming to grow.
In the competitive landscape of today’s business world, having a robust financial strategy is paramount. At Exchange Accountants, we are committed to helping your business not just survive, but thrive. Read some of our key strategies we implement to ensure your business reaches its full potential.
Understanding what business expenses you can claim is crucial for managing your finances and ensuring you remain compliant with HMRC regulations. Knowing the rules can help maximize your tax deductions, potentially saving your business a significant amount of money each year. Here’s a guide to what you can and can’t claim as business expenses in the UK.
Navigating the UK tax system can often feel like a daunting task, but understanding the basics of allowances and tax rates can significantly ease the process. Here’s a comprehensive guide to help you understand how allowances and tax rates work in the UK, ensuring you’re well-informed and able to manage your finances more effectively.
The deadline for making voluntary National Insurance Contributions (NICs) has been extended by HMRC to April 5, 2025. This extension provides taxpayers with additional time to fill gaps in their National Insurance records from April 2006, potentially boosting their State Pension entitlements. Importantly, the cost of these voluntary contributions will remain at 2022/2023 rates until this new deadline.
The deadline for making voluntary National Insurance Contributions (NICs) has been extended by HMRC to April 5, 2025. This extension provides taxpayers with additional time to fill gaps in their National Insurance records from April 2006, potentially boosting their State Pension entitlements. Importantly, the cost of these voluntary contributions will remain at 2022/2023 rates until this new deadline.
Inheritance tax is a levy imposed by HM Revenue and Customs (HMRC) on the value of an individual’s estate at the time of their death, including all assets such as property, possessions, and money.
In today’s complex financial landscape, individuals and families are increasingly turning to trusts as a means of safeguarding assets and managing their wealth. Trusts offer a range of benefits, including asset protection, tax efficiency, and control over inheritance.
Lisburn-based digital accountancy specialist Exchange Accountants has launched a ‘Start-Up Business Package’ (SBP) to provide a much needed ‘helping hand’ to local entrepreneurs on their road to starting up a new business.
When it comes to estate planning and wealth management, understanding inheritance tax thresholds is paramount. n the UK, these thresholds dictate the amount of assets individuals can pass on to their beneficiaries tax-free, and proper planning can make a significant difference in preserving your financial legacy.