The new tax year starts 6 April 2023, so there are still a couple of months to consider your planning options for Income Tax and Capital Gains Tax before that date. Do you fall into any of these categories? You have or are thinking about a change in your personal status (single, married, separating, […]
A range of polluting single-use plastics will be banned in England, Environment Secretary Thérèse Coffey has announced. The ban will include single-use plastic plates, trays, bowls, cutlery, balloon sticks, and certain types of polystyrene cups and food containers. This ban will be introduced from October 2023, allowing businesses time to prepare. According to estimates, England […]
Stress, anxiety and depression are some of the the biggest causes of work-related illness in Great Britain and numbers continue to rise. According to the latest statistics (PDF) there were 914,000 workers suffering from work-related stress, depression or anxiety in 2021/22. 17 million working days were lost due to stress in this period. The Health and Safety […]
Happy New Year from us all at Bryden Johnson! This year we have something extra to celebrate. In 2023 Bryden Johnson will be turning 125 years old, with a series of events over the year to mark this special anniversary. Back on Christmas Day in 1897 Mr Bryden and Mr Fedden got together and (we’d […]
The 130% super-deduction for the investment in plant and machinery was introduced in the March 2021 Budget. The enhanced tax deduction is available to limited companies that acquire new plant and machinery between 1 April 2021 and 31 March 2023. Companies should consider bringing forward plans to acquire new plant to benefit from this generous […]
At this time of year we may be thinking about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5 April. An obvious tax planning point would be to maximise your ISA allowances for the 2022/23 tax year (currently £20,000 each). It is […]
As we begin the new year, employers are grappling with numerous challenges such as the cost of living, staff wellbeing, hybrid working and economic headwinds. Hybrid working has a number of benefits for staff and businesses – it can boost productivity, improve employee wellbeing, help to retain staff and reduce premises costs as not everyone […]
Growing a business is hard work, particularly during a challenging economic environment. However, now might be the time to increase your market share while your competitors are pulling back. As competitor firms cut costs, they may do so at the expense of customer experience. Carry out some market research and monitor areas where rival firms […]
The CGT annual exempt amount reduces from £12,300 to just £6,000 for gains made in 2023/24. Remember that the 2022/23 allowance is lost if not used by 5 April 2023 and you might want to consider bringing forward disposals of chargeable assets where possible. Where a married couple who are higher rate taxpayers own a […]
