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2024

Firstly

The UK government has introduced significant tax changes that will come into effect this year 1. These changes will have a profound impact on businesses and individuals alike, requiring careful planning and preparation. Some of the notable changes include: 1. Adjustment to tax rates 2. Introduction of a new regime called ‘full expensing’ to replace the super-deduction legacy 3. Increase in the rate of R&D relief for eligible companies 4. Reduction in the Dividend Allowance

2024

Secondly

We would like to remind you to upload your receipts and documents to the Receipts and Documents section of your account. This will help us ensure that your account is up-to-date and accurate. If you have any questions or concerns about uploading your documents, please don’t hesitate to contact us.

Quote of the Day

We hope this quote inspires you to have a great start to the year!

The beginning is the most important part of the work.” - Plato 3.

HMRC Update on New Tax

Tax on Side Hustle

Digital platforms are now able to share user information directly with HMRC as of January 1, 2024, in an effort to cut down on tax evasion being dubbed the ‘Side Hustle Tax’