Brooks Accountants

05/11/2024

Stamp Duty Land Tax increased to 5% on additional properties

Review property acquisition strategy Focus on primary properties: If you’re looking to expand your portfolio, consider investing in properties that will serve as residences for long […]
05/11/2024

Capital Gains Tax and Business Asset Property Relief Increases

Evaluate the optimal timing of sale or closure Understand the new tax rates: With higher CGT rates, it’s essential to know the exact impact on your […]
05/11/2024

Corporation Tax Rates

Understand which corporation tax rate applies to you Review your profits: Corporation tax now varies by profit levels. For profits up to £50,000, the small profits […]
05/11/2024

Business Rate Changes

Review your budget and cash flow projections Update financial plans: Add the expected increase in business rates to your budget to avoid any surprises. Seeing the […]
05/11/2024

Increases to Employers’ NI Contributions

Reassess your budget and cash flow Adjust forecasts: Include the higher NI contributions in your financial forecasts, factoring in both the increase in percentage, the lower […]
05/11/2024

Changes to the minimum wage

Adjust your budget and cash flow projections Update payroll projections: Calculate the wage increases across your team and incorporate this into your monthly and annual payroll […]
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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