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‘Taxation & Trusts’ Archive

News Update: Sunak Won’t Cut Taxes Until Finances are Stable Again

A bit of bad news for those worried about potential tax cuts: Chancellor Rishi Sunak stated that he would only begin to consider cutting taxes when public finances are stable after the toll the coronavirus took on the national economy.

News Update: Will You be Affected by Government Tax Plans?

In order to fund COVID-19 recovery efforts, the government has set its eyes on pensions, putting savers at a disadvantage. Current plans mean pensioners should avoid the worst of the raid, but workers will bear the brunt with three different reform plans being discussed.

Tax Update: Tax Changes Following the Budget 21

Following the budget announcement from Chancellor of the Exchequer, Rishi Sunak, on 3 March, changes will be made in line with government’s priorities to continue the support to businesses and individuals as we recover from the coronavirus’ economic effects.

News Update: Are you Entitled to 1k+ Just for Being Married?

Do you know about the government’s Marriage Allowance tax break? If you are married or in a civil partnership, you could be eligible for this allowance, which could put an extra £1,000 in your pocket.

Key Points from the 2021 Budget

Experts weren’t sure how much coronavirus relief would dictate the shape of the budget. But the Chancellor’s plan centres on measures that help businesses and and support jobs through the pandemic and using tax raises to help balance the books.

3 Tips to Reset Your Financial Focus This Year

After a year with COVID-19 and an uncertain future ahead, your finances might not be in the best place at the start of the year. Here are three key things you can focus on to reset your financial focus in 2021.

Budget Update: What to Expect from the Budget on 3 March

With just days to go before the next budget announcement, what can you expect from Chancellor of the Exchequer, Rishi Sunak’s plans for the nation on 3 March?

Tax Update: Maximising Tax Relief on Business Expenses

Many practice owners and self-employed professionals are unaware of all the business expenses they can claim for some much-needed tax relief. Make sure you’re taking advantage of the tax relief you are eligible for before the end of the tax year.

Save Tax! With Our Tax Year End Planning Checklist

With the 5th of April, the close of the tax year, less than three months away, now is the perfect time to ensure your finances are in order. Use our checklist to help you evaluate your tax strategies for both the current and upcoming tax years and manage your tax liability before the end of […]

News Update: Last Weeks to File 19/20 Tax Return

January is flying by and the end of the first month of 2021 is almost upon us. The 31st of January is an important date to remember because this is the deadline by which you need to submit and pay your 19/20 self-assessment tax form.

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