Mini-Budget 2022

National Insurance U-Turn In April 2022 Class 1 National Insurance (NI) contributions increased by 1.25p in the pound, this has now been reversed…

Tax on Dividends

What is a dividend? Generally speaking, dividends are paid to anyone who holds shares in a company. They are paid out of the reserves left in the company once the tax has been removed from the profit.

Tax when you get a pension

There are multiple ways in which you can withdraw a pension. Some are more tax efficient than others and some may suit your personal needs more than others.

130% Super Deduction allowance

The super deduction was introduced on 01 April 2021 and will be available to all companies up to 31 March 2023. This is to support businesses during the Coronavirus pandemic. Normally the purchase of new equipment would fall under the writing down allowance of 18% per year.