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Tax Planning for Small Businesses in the UK: A Comprehensive Guide

Tax Planning for Small Businesses in the UK: A Comprehensive Guide Tax planning is a crucial aspect of running a successful small business in the UK. It involves strategic financial decisions that can help you minimize your tax liability while remaining compliant with the law. Effective tax planning can free up resources that you can reinvest in your business for growth. In this comprehensive guide, we will explore various tax planning strategies tailored to small …

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Supporting livelihoods

Policy decisions

Supporting livelihoods Coronavirus Job Retention Scheme (CJRS) – To support businesses and employees across the UK through the next stage of the pandemic, the government is extending the CJRS for a further five months from May until the end of September 2021. Employees will continue to receive 80% of their current salary for hours not worked. There will be no employer contributions beyond National Insurance contributions (NICs) and pensions required in April, May and June. …

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Budget key points at a glance

Budget key points at-a-glance

Budget key points at a glance Tax Personal tax The Health and Social Care Levy – As announced by the Prime Minister on 7 September 2021, the government has legislated for a new 1.25% Health and Social Care Levy (the Levy), to fund an historic investment in the NHS and social care. The Levy will apply UKwide, to the same population and income as Class 1 (Employee, Employer) and Class 4 (Self Employed) National Insurance contributions …

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