Brooks Accountants

05/11/2024

Stamp Duty Land Tax increased to 5% on additional properties

Timeframe:  Immediate Planning points: Residential property businesses need to adapt their strategies to manage the financial impact of this increase. Here are some practical planning points […]
05/11/2024

Capital Gains Tax and Business Asset Property Relief Increases

Timeframe: Immediate Action points: Capital Gains tax rates for disposal on or after 30 October 2024 will increase from 10% to 18% and the higher rate […]
05/11/2024

Corporation Tax Rates

Action points: The main rate of Corporation tax for businesses with taxable profits over £250,000 will remain at 25% until the next election. Planning points: With […]
05/11/2024

Business Rate Changes

Timeframe: From April 2025 & 2026/27 Action points: The current 75% discount on business rates is set to expire in April 2025, this will be replaced […]
05/11/2024

Increases to Employers’ NI Contributions

Timeframe: From April 2025 Action points: NI Contributions will increase to a total of 15%, and the National Insurance primary threshold – which is when employers […]
05/11/2024

Changes to the minimum wage

Timeframe: From April 2025  Action points: The National Living Wage for workers over 21 will increase by 6.7% in April 2025 to £12.21 per hour, which […]
27/10/2023

What options does your Limited Company have if struggling to pay tax?

Struggling to pay taxes can be an insidious financial issue for a limited company to deal with. This is because HMRC has the power to forcibly […]
12/09/2023

Tax Deductible Key Person Insurance – What you need to know

What is key person insurance? Also known as ‘keyman insurance’ or ‘keywoman insurance’, key person insurance is a form of life insurance which protects against the […]
15/02/2023

Planning for the Corporation Tax Increase in April 2023

For UK companies, one of the biggest taxes to be planning for at the moment is the increase to corporation tax, which will be effective from […]
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