Spring Budget 2024
Most tax rates and allowances remain unchanged or have changed in line with announcements made in previous budgets. Key changes: Personal Tax bands and rates Tax on dividends Pension tax limits A number of changes were made to the tax regime for pensions for 2023/24: The AA and threshold and adjusted income levels will remain…
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Can anyone start a business?
YES! Step outside of your comfort zone and take the leap! However, for an idea to germinate into a successful business, think WHY?, HOW?, WHAT?. Start with WHY? Then HOW? Then WHAT?
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2020 Budget Summary
The main highlights are: If you have any questions, please get in touch using the ‘Contact Us’ Form on our website or email enquiries@acornbusinessconsultancy.co.uk or better yet, it’s good to talk on +44(0)203 070 3868.
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National Living Wage (NLW) & National Minimum Wage (NMW)
Significant increases in minimum wage rates take effect from 1 April 2020. The NLW, which is the rate for workers aged over 25 years, increases by 6.2%. The government states this equates to an annual pay rise of up to £930 for a full time worker. From 1 April 2020, the new hourly rates of…
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Business Structures
There are 4 main types of business structures in the UK and each has various tax and liability implications for owners and shareholders: Of all the choices you make when starting a business, one of the most important is the type of legal business structure you select for your company. Not only will this decision…
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Funding
Whether starting or seeking to grow your business, you WILL need money. Take your time to research the funding route that is right (and affordable) for you. Choosing between equity and debt is a very important decision for how you want to grow your business. Which is suitable for you will depend on a few…
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Video Conferencing Tools for remote workers
Stay connected whilst working from home; some options for you. Pick the right one for your business: Cisco WebEx A cloud-based collaboration suite comprised of Webex Meetings, Webex Teams and Webex Devices. Cisco Webex products provide core collaboration capabilities, including video meetings, team messaging and file sharing. The suite is considered a leading collaboration platform…
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Survive & Thrive: Business tips in difficult times
Now is the time to stay calm and strengthen your business foundation:
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COVID-19: Self-Employed Support Scheme
Finally, some measures to support the millions of UK self-employed…abridged: NOTE: those who trade through a limited company and pay themselves a salary and dividends are not covered under this scheme but will be covered for their salary by the Coronavirus Job Retention Scheme if they are operating PAYE schemes.
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Can salaried Directors be furloughed?
In a nutshell, YES. Also applies to salaried individuals who are directors of their own company. Company Directors As office holders, salaried company directors are eligible to be furloughed and receive support through this scheme. Company directors owe duties to their company which are set out in the Companies Act 2006. Where a company (acting through…
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