Having a look back at the most common tax areas applicable to our SMEs in 2022. Which of these applied to you and did you get an acceptable result?
As well as moving into winter with an energy crisis, it's not just the temperature which is freezing. The Chancellor today froze (and reduced) many allowances, going cold on small business growth.
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Apart from increasing their salaries, what affordable initiatives can you take to help alleviate your employees' cost of living increases?
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Today the Chancellor was forced to doing something about the increases in cost of living. Hence, the fuel duty cuts, employee and self employed threshold national insurance increases but not too much else.
If people are still not feeling spring-like, the promise of a 1% cut in the income tax rate from April 2024.
Dig in a bit further and you decide:
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