At 6.00 am on Monday 17 October, the Treasury issued a press release announcing that the (new) Chancellor, Jeremy Hunt, would making a statement “bringing forward measures from the Medium-Term Fiscal Plan”. The timing of the press release suggested that the Treasury was concerned it had not done enough the […]
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On 14 October, as an important deadline loomed for Bank of England support of the government bond markets to expire, the government’s political turmoil ratcheted up as the fallout from the ‘fiscal event’ of 23 September claimed its first scalp. A new Chancellor Jeremy Hunt replaced Kwasi Kwarteng as Chancellor, […]
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After a prolonged period of speculation, the new Prime Minister Liz Truss has announced preliminary details of how the government plans to deal with the energy price crisis. In late May this year, the then Chancellor, Rishi Sunak, announced a range of measures to reduce the impact of the anticipated […]
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While the pre-Budget Treasury leaking machine appeared to flag many of the Budget measures announced, the Chancellor still managed to produce some surprises on Budget Day. As the number of people affected by Covid-19 now appears to be slowing as vaccines are rolled out, Mr Sunak was clear on the […]
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Following the range of updates over the last several weeks, we have now rounded up the latest information from the government on specific schemes where additional detail was released. This update covers measures discussed on 4 May. Bounce Back Loan Scheme (BBLS) The scheme opened for business at 9.00 am […]
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What are the small business consequences of the UK leaving the EU? If you’re worried your business will be greatly affected Brexit, The Kelvin Partnership will guide you through. The deadline for Brexit is 29th March, which is fast approaching! But, what will leaving the EU mean for your UK-based small business? […]
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How do you pay tax as a sole trader? A Glasgow accountant from The Kelvin Partnership will guide you through the up coming changes of the tax submission process, Making Tax Digital. How do You Pay Tax as a Sole Trader? Making Tax Digital With the deadline for transitioning over […]
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Do you understand the difference between living wage and minimum wage? For any business owner, it’s so important to recognise for the sake of your employees. Living wage vs minimum wage is constantly a topic of conversation in the business world. Accountants from The Kelvin Partnership can ensure you know […]
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The Chancellor has announced on 15 March that he would not be going ahead with his Budget proposal to increase the National Insurance Contribution rates for self-employed people. In the Budget of 8 March 2017, he announced that Class 4 NIC rate for the self-employed would rise by 1% to […]
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The Chancellor of the Exchequer, Philip Hammond, delivered his first Budget against a backdrop of a more-buoyant-than-expected UK economy post-Brexit and improved tax receipts. Set against these were concerns about funding the NHS and social care, and the impact on business from changes to business rates. Here are some of […]
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