Inflation-based ‘triple whammy’ means charities need strategies to tackle soaring costs
A triple whammy of soaring staff costs, donations being eroded by inflation, and rising demand for services means that charities are having to put in place anti-inflation strategies, says Kyle Smith of Lovewell Blake’s specialist Charity team.
Government to review state pension age for second time
The first Review of State Pension age was undertaken in 2017 but the government has now launched a second pension age state review, which will consider whether the increase to age 68 should be brought forward to 2037-39.
The end of the tax year is a time for some judicious tax planning, says Calvin Roll, of Lovewell Blake, in Bury St Edmunds
Some tax years draw to a close with the prospect of little change in rates and allowances in the following year, with the result that year-end planning comes down to little more than making sure you have taken advantage of any allowances which will disappear on 5th April.
Which car expenses can I claim through my Limited Company?
Knowing whether you should be putting mileage claims or other motor expenses through your business can sometimes be a tricky subject. You’ll want to understand the basics before you get too far ‘down the road’ with your record keeping.
Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 March 2022.
Two freeports planned for Scotland
A partnership agreement to establish two green freeports in Scotland has been reached between the Scottish and UK governments.
HMRC raises late payment interest rate to 3%
Following the decision by the Bank of England to increase the base rate, HMRC has confirmed that the late payment interest rate rose a quarter of a percent.
Businesses urged to apply for remaining COVID-19 support grants
Businesses are being encouraged to apply for remaining coronavirus (COVID-19) grant funding from local authorities.