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 […]
The 130% super-deduction referred to above only applies to limited companies, however the Annual Investment Allowance (AIA) is available to unincorporated businesses as well as limited companies. In the recent Autumn Statement the Chancellor announced that the AIA for expenditure on plant and machinery would become a permanent £1 million allowance. The annual limit was […]
A new points-based system for late VAT returns starts for return periods commencing on or after 1 January 2023. A financial penalty will apply when a number of points have been accumulated, which will depend on how frequently the returns should be submitted. For a trader preparing quarterly returns a penalty will be charged when […]
Date What’s Due 01/01 Corporation tax payment for year to 31/3/22 (unless quarterly instalments apply) 19/01 PAYE & NIC deductions, and CIS return and tax, for month to 5/01/23 (due 22/01 if you pay electronically) 31/01 Deadline for Self-Assessment tax return for 2021/22 if filed online. Also the due date for […]
We are delighted to be able to donate to the following charities this year at Christmas. I CHOOSE FREEDOM (formerly Reigate and Banstead Women’s Aid – RBWA) I Choose Freedom is a charity that provides refuge and a path to freedom for survivors of domestic abuse. Founded in 1984 they have provide thousands of women […]
