Should we wait with bated breath? … George Osborne has announced that he will present his second Budget of 2015 to Parliament on 8th July.  We know that the Chancellor’s Budget will include an increase in the Personal allowance £10,000 to £10,600 some updates to tax and national insurance rates 2015/16, including an increase in…

It is with great sadness that I have to advise that Jim Little died on Tuesday 26 May.  Jim had been suffering from cancer for a long time and had recently been undergoing clinical trials to try and reduce the cancer.  Unfortunately Jim caught some kind of infection or virus whilst in hospital and was not strong…

Forgive the slight delay in this month’s blog.  I thought it would be good to see which party (or parties) formed a government after the elections. It was an unexpected result if you follow the polls, and we now have a majority conservative government. So …. just for fun (!) …. here are some of…

Happy new tax year everyone!  And hasn’t it started with a beautiful sunny day!  Let’s hope the tax year continues to give us bright prospects…. Certainly the personal tax allowance has gone up to £10,600 per year so that is good news.  The Conservatives will tell you that this represents a tax cut for over…

Key announcements in yesterday’s budget include: Good news for savers, with the personal savings allowance, which comes in from 6 April 2016.  This means that the first £1000 of savings is tax free for basic rate taxpayers, for higher rate taxpayers, it is the first £500. Increased flexibility for ISAs where savers can withdraw and replace…

Not long now until 5th April 2015 and the end of this tax year!  Doesn’t time fly when you are having fun!  Don’t miss the opportunity to make the most of any last minute financial planning. This may include topping up your ISA if you have not invested the maximum allowable in the tax year;…

Hurray!! Thank goodness January is over!  31 January deadline for SA tax returns is now past and gone! Did you meet the deadline?  If not, did you learn from the experience?  The main lesson to be learned is not to leave it until the last minute. Perhaps you were under pressure and unable to finalise…

HAPPY NEW YEAR TO EVERYONE! We hope that 2015 brings you everything you wish for. For those needing to file a tax return, you have until 31 January 2015 to file a tax return online.  If you are late filing the tax return, you will automatically get a £100 fine.  So act NOW! If you…

For those of you with children, you will no doubt have been reminded already that it is only 24 sleeps until Christmas Day! But it is also only 61 days until 31 January 2015, which means that if you have to file a self assessment tax return, then you need to get cracking.  Not as…