From 1 July, the energy price cap set by energy regulator, Ofgem, will fall from £3,280 to £2,074.
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Selling power back to the grid
With continuing high electricity prices, now could be a very good time to install solar panels at your property.
More action to counter fraud
The government has announced a new initiative to counter fraudulent activity, particularly in the financial sector.
Navigating the Cost of Living Crisis
Supporting Businesses and Your Employees with Practical Solutions The cost-of-living crisis is affecting everyone: businesses and their employees. By taking proactive steps during these challenging times, businesses can help ease the impact of the crisis and emerge stronger in the […]
Attention self-employed: get ready for a longer tax year.
The government has changed the taxation system for self-employed individuals and partners in partnerships, requiring them to pay tax on their trading profits earned during the tax year instead of the accounting year. The tax year 2023/24 will act as […]
Exciting News: Ammu Accounting Continues to Grow with MCC Accountants Joining the Team
We are thrilled to share some exciting news with all our clients, partners, and friends. As of 1 June Ammu Accounting has been joined by the highly respected MCC Accountants, a Giffnock-based practice known for their exceptional service and trusted […]
Increasing company transparency
At present small companies have to file a balance sheet each year but adding a profit and loss account and directors’ report is optional. Most choose not to do so.
New tax year resolution: don’t be careless
The former Chancellor, Nadim Zahawi, is reported to have paid a 30% tax penalty as part of a £5 million settlement with HMRC regarding the disposal of shares in a company he had co-founded.
Improving employee happiness
High inflation has led to a cost-of-living crisis and strike action by groups of employees demanding pay rises in line with inflation.
Childcare support boost
Parents looking to return to work will benefit from a range of measures in the spring Budget to help with childcare. Childcare costs in the UK are among the highest in the world and a significant barrier to working for […]
Pensions shake up – what it could mean for you
The headline-grabbing announcement from the March Budget was the abolition of the lifetime pension allowance. However, this may not be quite as advantageous for higher paid individuals as some reporting suggests.
Mind your allowances
Until fairly recently, it was usually beneficial for tax for shareholder directors to take dividends instead of bonuses, because dividends are taxed at lower rates than earnings.
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