April 2022 is the first in a series of important annual April tax changes:

• April 2022 - increase in national insurance and dividend tax by 1.25%
• April 2023 - increase in corporation tax from 19% to 19%/26.5%/25%
• April 2024 - MTD for income tax for sole traders and landlords with sales/rents over £10k
• April 2025 - MTD for partnerships and LLPs without a corporate partner

For now, we're focussing on the forthcoming April 2022 change and how you may want to react. Firstly, let's look at how much this might cost you:

As we reflect back on 2021, here are our Top 10 client queries we've seen time and again during 2021. You may see certain Covid related themes emerging! 

With Christmas now only a month away, it’s a good time to remind ourselves of what employers can provide to staff and directors, tax free.

This year we may see a mix of virtual and in person events, with in person events possibly being in small groups to help prevent an outbreak affecting large parts or the whole company.

Today's Budget recognises the help needed by your local area such as retail and hospitality, with alcohol duty reduction and reform, 50% rates reduction for 1 year, property improvements not affecting your rates for 1 year, plus money directed to areas such regional theatres, community football pitches, cycling infrastructure, local minor roads and to local councils.

Keeping it local tends to favour small businesses who can now try to build on the support and appreciation received during lockdowns. Remember to increase your prices so your business keeps pace with inflation and remains viable. So, what else should you and your business know from today?