Rishi Sunak announced plans for the financial year 2022-2023 in his autumn budget statement on 27th October. He promised to deliver a stronger economy for everyone, but what does it mean for you? In this post, we present a quick-fire autumn budget summary, showing you precisely what’s changed, and how it is likely to affect you financially. Contrary to expectations, we did not see a raid on inheritance tax or any changes to capital gains, as recommended by various advisory bodies.

If you decide your business needs the services of an accountant, you should take care in deciding who you hire. You will need to consider factors such as experience, location, fees, and ultimately how much of a net positive your accountant is.

The right person for the job should be experienced in saving you both time and money. Here are some things to consider when entrusting someone with your company’s finances.

Location

If you're a business owner in the UK, you'll likely have heard of the UK government's super-deduction relief tax policy that's designed to give UK businesses a helping hand in investing. But what is the super-deduction allowance and how could it benefit you? Let's take a closer look.

The government has announced a temporary NIC increase of 1.25% for employees, employers, and the self-employed from April 2022 until April 2023. Revenue raised from the levy will be funnelled into supporting the NHS and equivalent bodies across the UK.

Accountants offer a wide selection of services - from payroll and financial reports to tax returns and expansion advice - that will help your business start-up succeed and thrive. In an ideal situation, you should've had several conversations with an accountant before beginning your new business about company formation, partnerships, and taxation. Many start-up owners have little to no previous business experience, so this guidance is crucial. Here we’ve put together a guide that highlights the ways an accountant could help your business.