Rostance Edwards

04/12/2024

Every year we support a charity and share the details with clients, contacts, family and friends, to hopefully shine a little spotlight on them.

This year we are shining the light a little closer to home.

Georgy – a client’s son – was diagnosed with a rare bone cancer at the age of 8, and at 15 is still battling this awful disease. His strength at such a young age is quite simply astounding.

Without funding from Bone Cancer Research Trust, new advances in medicine would not be possible. Treatment has moved on since Georgy was diagnosed meaning more people are now being cured. Therefore this year we have chosen to support the Bone Cancer Research Trust.

Every 10 minutes a child, teenager or adult is diagnosed with this brutal disease and they face odds of 50% of surviving 5 years.

Bone Cancer Research Trust is the only charity dedicated to this disease, and 100% of their funding comes from private donations.

A friend of the family is running the London Marathon in support of Bone Cancer Research Trust, and as you may know a minimum donation of £2,500 is required to be able to undertake this challenge. Please join us, if you can, in helping her get there – the link to donate is below.

Thank you and we hope you all have a Merry Christmas 🎄

I am running the 2025 TCS London Marathon to raise money for Bone Cancer Research Trust. Please support me today! Every 10 minutes somewhere another child, teenager or adult is diagnosed with this bru

08/03/2024

What were the key issues from the budget on Wednesday and what do they mean for you?

✂ Employees NI has been cut by a further 2% to 8% from April 2024. It is estimated that this would be worth about £450 a year for someone on a £35,000 full-time salary.

⬇ The main rate of Class 4 NIC, paid by self-employed earners, will be reduced from 9% to 6% from 6 April 2024. This replaces the cut to 8% announced at the Autumn Statement 2023.

👨‍👩‍👧‍👦 The threshold for the High Income Child Benefit Charge will be raised from £50,000 to £60,000 from 6 April 2024, and there will be a tapered charge between £60,000 and £80,000.

🌍 Non-dom tax status will be “abolished” and replaced by a “modern, simpler and fairer” system from April 2025.

🏠 The higher rate of Capital Gains Tax on residential properties will be cut from 28% to 24% from 6 April 2024.

🏖 The Furnished Holiday Lettings tax regime will be abolished from 6 April 2025.

⬆ The VAT registration threshold will be raised from £85,000 to £90,000 from April 2024.

🚬 A new tax on va**ng products will be introduced from October 2026, linked to the levels of ni****ne

📞 If you need any advice about how these changes will affect you or your business give one of our team a call.

22/11/2023

The Autumn Statement is where the government details its tax and spending plans for the year ahead.

Today Jeremy Hunt announced the following:

💰 State pensions will rise by 8.5% from April 2024, an increase worth up to £900 per year.
📈 Inflation is forecast to drop to 2.8% by the end of 2024.
❌ Class 2 NI for the self employed has been abolished.
✂ Class 4 NI for the self employed will be cut by 1% from 9% to 8%.
✂ Employees NI for workers will be cut by 2% from 12% to 10% in the basic rate band effective from 6 January 2024.
💰 The National Living Wage will increase to £11.44 per hour from April 2024. This is worth up to £1,800 for a full time worker.

14/08/2023

Is it time to change Accountants 🤔🤔

Some of the top reasons for deciding you are ready for a change:

😵‍💫 They don’t understand your business or what you do
💰 You never know how much you’ll be charged
🤦‍♂️ They use jargon that you don’t understand
💻 They’re not upto date with legislation and lack technical knowledge
📞 They don’t answer your calls or emails
👉 They’re reactive rather than proactive
📈 Your business has grown and they’re no longer the right fit
📅 Work isn’t completed on a timely basis
😩 They’ve made mistakes or provided poor advice

If this sounds like you, give us a call on 01543 570222 to find out how we can help

20/07/2023

Yesterday the team from both of our offices enjoyed some well earned down time at Uttoxeter Racecourse 🏇 Thankfully the sun came out and there were a few winners as well 🏆

23/03/2023

Rishi Sunak paid more than £1m in UK tax over the last three years, details of the prime minister's financial affairs show.

He paid £325,826 in capital gains tax and £120,604 in UK income tax on a total of £1.9m in the last tax year alone.

Of that £1.9m, £156,163 came from his parliamentary salary, £173,398 from investment and savings income and about £1.6m from capital gains - profit made on the sale of assets.

It makes interesting reading….

20/03/2023

On 15 March 2023 the Chancellor of the Exchequer delivered his Spring Budget.

The UK will now not enter a technical recession this year, say independent forecasters the Office for Budget Responsibility (OBR). Inflation will more than halve and reduce to 2.9% by the end of the year, the OBR expects.

Here is a summary of the most important announcements:

⬆ The main corporation tax rate will increase from 19% to 25% as expected from 1 April 2023.

📆 The super-deduction regime will end 31 March 2023, and will be replaced from 1 April 2023 with ‘full expensing’ - 100% capital allowances for qualifying plant and machinery.

💰 The amount that an individual can contribute tax free to their pension fund is to be raised from £40,000 to £60,000 per annum from April 2023.

❌ The lifetime allowance - the total amount workers can accumulate in their pension savings before paying extra tax - has been abolished.

⭐ From 1 April 2023, a higher rate of relief for loss-making R&D intensive SMEs will be introduced.

22/12/2022

Our offices are now closed for Christmas and we will reopen at 9am on Tuesday 3 January 2023.

We would like to take this opportunity to wish all of our staff, clients, contacts and their families a very Merry Christmas. We hope you all enjoy a lovely break. See you in the New Year 🥳

18/11/2022

Andrew and Rebecca have been out in Milan this week meeting up with colleagues from PWC who we collaborate closely with on several audit assignments.

17/10/2022

Huge congratulations to Shannon who has passed her final ACCA exam today and is now fully qualified 🥳

A massive well done from the team, we're so proud of you 😊