In his Spring Budget statement on March 6, 2024, Chancellor Jeremy Hunt outlined significant changes in personal taxation and provided insights into upcoming tax administration measures. Here's a breakdown of the key highlights: Personal Tax Changes: Major personal tax changes…
Nestled in the picturesque county of Hampshire, the historic market town of Romsey offers a unique and inviting backdrop for entrepreneurs looking to start or grow their businesses. This made it the perfect location for us to expand Kara Accountants.…
The announcement of the Autumn Budget meant a lot of changes for small businesses and sole traders across the UK. Rishi Sunak explained how his proposal will help build the economy after the pandemic and give relief to the most…
The Prime Minister, Boris Johnson speaking at a press conference on Saturday night, 31 October 2020, confirmed widespread expectations of a second national lockdown in England to help stem the growing resurgence of the coronavirus. The Government was faced with…
The Chancellor, Rishi Sunak, has today delivered a statement to the House of Commons outlining plans to help protect jobs across the UK whilst the country faces a resurgence of coronavirus and a winter of uncertainty. The Chancellor was facing…
SELF EMPLOYED INCOME SUPPORT SCHEME No doubt due to recent lobbying by the press and other interested support groups, the Chancellor has extended the SEISS for a final three-month period to 31 August 2020. This means that the self-employed who…
If you are self-employed and qualify for the Self-Employment Income Support Scheme you will receive a cash grant from HMRC based on 80% of profits, up to £2,500 per month. The initial grant will be for the three months, from…
The Chancellor, Rishi Sunak on 12 May announced significant changes to the Coronavirus Job Retention Scheme, now commonly referred to as the furlough scheme. The scheme had been due to run until at least 30 June 2020. The Chancellor has…
The Chancellor, Rishi Sunak, on Monday (27 April 2020) made a statement to the House of Commons on the government’s economic response to the coronavirus outbreak. The Chancellor confirmed that the Office of Budget Responsibility (OBR) has said that the…
WHAT IS THE JOB RETENTION SCHEME? The Coronavirus Job Retention Scheme is open to all UK employers to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this…