Accounting & Tax

How to effectively plan your employer pension contributions before its too late

How to effectively plan your employer pension contributions before its too late

With many businesses approaching the end of the accounting period’s final quarter (31st March), this is a perfect opportunity to review your employer pension contributions. For the contributions to be deductible against corporation tax, they must be paid on or before 31st March. From 1 April 2023, the headline (i.e. main) corporation tax rate...

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Keeping on track for the end of tax year

Keeping on track for the end of tax year

With the end of the tax year approaching, it is a good time to start planning your tax affairs before the 5th April arrives. An obvious tax planning point would be to maximise your ISA allowances for the 2023/24 tax year (currently £20,000 each). You might also want to consider increasing your pension savings...

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Autumn Statement 2023

Autumn Statement 2023

On 22 November 2023, Chancellor Jeremy Hunt presented his Autumn Statement to Parliament and started making, in his words, the long-term decisions necessary to strengthen the economy and build a brighter future. Fuelled by falling inflation and stabilised public finances, focus is now being applied to reducing debt, cutting tax and rewarding hard work....

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Salary or dividend best in 2023-2024?

Salary or dividend best in 2023-2024?

Welcome to the November edition of Tax news. We hope that you find this informative. Please contact us if you wish to discuss any matters in more detail. SALARY OR DIVIDEND BEST IN 2023/24? In recent years many accountants have advised their director/shareholder clients that the most tax efficient method of extracting profit from...

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Autumn Statement date set for 22 November

Autumn Statement date set for 22 November

The Treasury has announced that the Office of Budget Responsibility (OBR) will produce a report on the state of the UK Economy in time for Chancellor Jeremy Hunt to present his Autumn Statement on Wednesday 22 November. Last year the Chancellor announced a number of significant changes, reversing many of the proposals in the...

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Spring Budget Report 2023

Spring Budget Report 2023

Chancellor Jeremy Hunt delivered a ‘Budget for Growth’ after the Office for Budget Responsibility forecast a stronger than expected performance from the UK economy this year with inflation continuing to fall. Click here to view the full report. Please don’t hesitate to get in touch should you have any questions. You can contact us...

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Autumn Statement 2022

Autumn Statement 2022

“On 17 November 2022, the government undertook the third fiscal statement in as many months, against a backdrop of rising inflation and economic recession. The Chancellor laid out three core priorities of stability, growth and public services. The government sought a balanced path to support the economy and return to growth, partially through public...

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Mini Budget Reversal 2022

Mini Budget Reversal 2022

PK Group have released another guide on the mini budget reversal to inform you of the updated government announcements. Click here to view: Reversal-on-Mini-Budget-22 For more information, please do not hesitate to contact us via welcome@pkgroup.co.uk or +44 (0)20 8334 9953

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Revised: Kwasi Kwarteng’s mini-budget response

Revised: Kwasi Kwarteng’s mini-budget response

PK Group have released a revised version of the mini budget review to inform you of the updated government budget announcements. Click here to view: Mini-Budget-2022 V2 For more information, please do not hesitate to contact us via welcome@pkgroup.co.uk or +44 (0)20 8334 9953

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Budget Summary October 2021

Budget Summary October 2021

Yesterday saw the second Budget this year and the second delivered by Rishi Sunak as Chancellor. He declared that the UK is entering a “new age of optimism” giving the Chancellor extra fiscal firepower as a result of a brighter economic outlook. In his speech he set out the plans to “build back better”...

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