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 […]
16/04/2024

What are your options for navigating cash flow concerns in a limited company?

Cash flow is the amount of cash coming into and going out of your company so depending on whether you have more entering the business than […]
08/04/2024

How to raise funding for your company using business assets

Existing business assets can be used to raise funding and provide financial stability for your company at any stage. This type of financing boosts cash flow, […]
10/11/2023

Benefits of Using Budgeting for Your Small Business

Budgeting is an indispensable tool that provides a broad overview of your business finances. It comprises key data including income and expenditure, but it’s not a […]
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