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Posts by Paige Collins

Self-Employed Benefit From Class 4 NIC Reductions

Self-employed workers will see a substantial reduction in their Class 4 national insurance contributions (NICs) for the current tax year after two percentage cuts were announced in the 2023 Autumn Statement and 2024 March Budget. Maximum saving Class 4 NICs are earnings-related with the main rate paid on profits between...

New Carer’s Leave in Effect

Employers need to be aware that since 6 April 2024, employees are entitled to take...

How to Maximise Your State Pension

Are you looking to maximise your retirement income? If you were born after April 5,...

Child Benefit Charge Confirmed Changes

Taxpayers will benefit from the changes made to the high-income child benefit charge thanks to...

The First Election Tax Stories

England’s next General Election is this week, so let’s reflect on tax plans that Labour and the Conservatives promised when...
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Landlord Update on Renters Reform Bill

The Renters Reform Bill has finally completed its passage through the House of Commons with important concessions made in favour...
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Have You Overlooked a Changed Tax Status?

With allowances frozen or cut, you may have underpaid tax for 2023/24.  Your tax position may have changed for the...
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The Benefits of Asset Financing

Asset financing allows a business to acquire important assets, replace old equipment, or grow and expand operations without using up...
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Daily Penalties Come in for Late Self-Assessment Returns

Around 1.1 million taxpayers who failed to submit the self assessment tax return for 2022/23 on 31 January 2024 now...
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Deductibility of Training Costs

HMRC has recently published guidance to provide greater clarity about the tax deductibility of training costs for the self-employed. Apart...
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