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Autumn Budget Analysis: Find out how the budget will impact you

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By Scott McIver

22nd November 2023

Autumn Statement 2023 - HMRC enquiries, tackling the tax gap

The Government has further committed to investing in HMRC’s ability to ensure that everyone pays the tax they are due to pay. This will include allowing HMRC to target its debt collection activity, pursuing those with tax debts who can afford to pay, and providing support to those who are temporarily unable to pay. It is estimated to raise £5 billion over the next five years.

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By Brian Rudkin

22nd November 2023

Autumn Statement 2023 - Employment tax - NIC reductions and National Living Wage

The main headline-grabber from the Autumn Statement on the employment side is the reduction of the main rate of employee National Insurance Contributions (NICs) from 12% to 10%, which comes into effect on 6 January 2024.

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By James Fraser

22nd November 2023

Autumn Statement 2023 - Capital allowances and full expensing

In his 2023 Spring Budget, the Chancellor sought to boost investment through changes to the capital allowances regime, including the introduction of full expensing relief effective from 1 April 2023. This was originally introduced as a temporary measure due to expire on 31 March 2026. In his Autumn Statement, the Chancellor announced that he was making the relief permanent.

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By Justin Rourke

22nd November 2023

Autumn Statement 2023 - Pensions and Savings

The Chancellor’s 2023 Autumn Statement is perhaps more remarkable for what it did not include, rather than what it did. Financial planners had widely been expecting ISAs to benefit from an increase in annual allowance and a simplification.

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By Becky Bowness

22nd November 2023

Autumn Statement 2023 - Head of Tax Initial Reaction

Jeremy Hunt has delivered an Autumn Statement he said will grow the economy and back British businesses, but while many of the fiscal plans announced seem generous, businesses may still see increased financial pressure in 2024.

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By Ann Probert

16th November 2023

Companies in financial difficulty – directors' duties to creditors

The insolvency of a company is not a black-and-white matter. Directors must use their judgement as to where their company is positioned to determine where the balance of competing interests between the company's various stakeholders should lie.

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By David Threlkeld

16th November 2023

£1.6m IHT tax dispute highlights complexities of reliefs for farm businesses

It can be dangerous to assume that all the assets owned by a farming family will be exempt from Inheritance Tax (IHT). Here we look at a recent tax tribunal in which £1.6m of IHT was at stake and the family concerned were denied their claim for Business Property Relief. 

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By Becky Bowness

15th November 2023

How might the Autumn Statement 2023 impact you and your business?

Our experts will be analysing the impact of the Chancellor’s announcements in a special webinar on Thursday 23 November 2023, but until then, here is a brief overview of what we anticipate might happen.

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By Richard Woolgar

15th November 2023

Xero or Microsoft Business Central? How to choose the right solution for your business

Many businesses choose to outsource their accounting and bookkeeping functions but how do you choose the right outsourced accounting software solution? There are many options available in the market, each with its own features, benefits, and drawbacks.

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By Ed Connell

15th November 2023

How law firms can avoid financial distress

There are several ways a law firm can find itself in financial distress. Knowing how a firm might fail and how this can be avoided will ensure you identify issues and take appropriate action to improve your business’s financial performance.

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