With the first budget now delivered by the new Labour Government, let’s take a look at the key points that have been raised; The freeze on income tax and National Insurance thresholds will end in 2028, preventing people from being pulled into higher tax bands as their wages rise. Businesses will have to…
Do you worry about how you’re going to pay your tax bill? Do you dread the January deadline? In this blog we outline some hints and tips on budgeting for your tax bill. How do you even start to think about budgeting for your tax bill? The best way to look at it is to…
Some quite interesting announcements in today’s summer statement from Chancellor Rishi Sunak, mainly aimed at keeping unemployment down and supporting tourism and leisure; Hospitality; Six month VAT cut for restaurants, hotels and attractions from 20% to 5% from 13th July to 12 January 2021. This will include food and non-alcoholic drinks in restaurants, pubs and…
Budget Day 2020 started off with interest rate cuts announced by the Bank of England in order to support the economy amid the Cornonavirus outbreak. Interest rates have been cut from 0.75 to 0.25% taking borrowing costs back down to the lowest level in history. There were further announcements made about the support that the…
Benefits of a Cash Flow Forecast A cash flow forecast is an essential tool in helping a business prepare for the future. As the old saying goes, ‘cash is king’, therefore ensuring that your business has sufficient cash flow will enable it to continue operating effectively in the future. So what exactly is a cash…