October 2021 Budget – What You Need To Know!

Chancellor Rishi Sunak presented his 2021 Budget on Wednesday 27th October 2021. The key announcements are summarised below; Businesses The main rate of corporation tax will remain at 19% until April 2023. From this date the main rate will increase to 25%, with a Small Profits Rate of 19% for profits not exceeding £50,000. There will be marginal relief for …

2021 Budget – What’s in store?

Chancellor Rishi Sunak presented his 2021 Budget on Wednesday 3rd March. We have briefly summarised the top headlines business owners and employees need to be aware of, this page will be changing with more updates so keep an eye on it: Companies – Furlough will be extended until end of September 2021. Still at 80% of salary. Businesses will be …

HMRC puts pause on investigations

HM Revenue & Customs has suspended some investigations into taxpayers and businesses due to constraints on resources during the coronavirus crisis. The tax authority have written to taxpayers currently under investigation, stating they will not request information or documents during the current lockdown, nor press for responses to requests already made. In some cases, HMRC has said it will temporarily suspend inquiries. …

Government Aid for Retail Opticians

Yesterday (26th March 2020) our CEO, Marc Bennett, presented during the Stronger Together webinar, a community for independent opticians. The webinar focused on unlocking the various government support packages, government aid and cashflow management as at 26th March. Please click here to read through the slides. We are constantly updating information on Covid-19 and how it affects businesses in general. …

2020 Budget – What’s in store?

Chancellor Rishi Sunak presented his 2020 Budget on Wednesday 11th March. We have summarised the top headlines business owners and employees need to be aware of: Business Owners Corporation tax: The main rate of corporation tax will remain at 19% for 2020/21 Employment Allowance: Employer National Insurance Contributions is increasing from £3,000 to £4,000. Helping with the reduction to costs …