Bookkeeping & Financial Consultant

📢 1 Nisan 2025 Asgari Ücret Güncellemesi – UK

🇬🇧 İngiltere’de 1 Nisan 2025 itibarıyla ulusal asgari ücret oranları artırıldı. İşverenler için bordro ve bütçe hesaplamalarında önemli değişiklikler var!

💷 Yeni Saatlik Ücretler:
🔹 21 yaş ve üzeri: £12.21 (önceki: £11.44)
🔹 18-20 yaş arası: £10.00 (önceki: £8.60)
🔹 16-17 yaş ve çıraklar: £7.55 (önceki: £6.40)

📊 İşletmeniz bu değişikliklerden etkileniyor mu?
Bordro güncellemeleri, nakit akış planlaması ve personel maliyet analizi gibi konularda destek alabilirsiniz.

💼 Bookkeeping ve finansal danışmanlık hizmetlerimle yanınızdayım!
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📢 UK Minimum Wage Increase – April 1st, 2025

Starting from April 1st, 2025, new minimum wage rates are now in effect across the UK. Employers must review payroll and budgeting plans accordingly.

💷 Updated Hourly Rates:
🔹 Ages 21 and over: £12.21 (was £11.44)
🔹 Ages 18-20: £10.00 (was £8.60)
🔹 Ages 16-17 and apprentices: £7.55 (was £6.40)

📊 Need support updating your payroll or financial planning? I’m here to help with tailored bookkeeping and advisory services for your business.

The Great British Businesswoman Awards 2023

The Great British Businesswoman Awards brings together the whole Great British Businesswoman Series community to celebrate the women who are changing the face of business across the United Kingdom.

The awards showcase the business role models, advocates and mentors, as well as the inspirational women leading businesses and those ascending to new heights!

More than just an awards ceremony, the Great British Businesswoman Awards is a year-round programme of engagement, delivering touch points throughout the year to support and champion.

The awards are free to enter, and you can enter as many categories as you’d like! The closing date to apply is 27 August 2023.

For further information visit Great British Businesswoman Awards 2023

Great British Businesswoman Awards 2023 The Great British Businesswoman Awards brings together and celebrates the women who are changing the face of business in the United Kingdom.

Are you a business owner in need of professional bookkeeping services? Look no further! Our team at Bookkeeping & Financial Consultant has years of experience in providing reliable and accurate bookkeeping services to businesses of all sizes.

With our help, you can stay on top of your finances and make informed business decisions. Plus, our affordable rates mean you don't have to break the bank to get the expert help you need.

So why wait? Contact us today to learn more about our services and how we can help your business thrive.

Autum Statement 2022 for small businesses: key points at a glance

1. A freeze in the VAT registration threshold
Jeremy Hunt has frozen the VAT threshold at £85,000 until 2026, which is the turnover at which businesses need to register to pay the tax.

This is essentially a ‘stealth tax’. Rather than increasing the VAT rate itself, the threshold won’t increase in line with inflation. So if small businesses earn more as a result of rising prices, they’ll then have to register to pay VAT.

2. Personal allowance freeze extended until 2028
When he was chancellor, Rishi Sunak froze the income tax personal allowance at £12,570 until 2026. This was called a ‘stealth tax’. That’s because when people earn more over the years, their personal allowance won’t also increase, and they’ll move into higher tax brackets. This means they keep less of their money.

The current government has extended this freeze until 2028.

3. Reduction in the additional income tax rate threshold
The chancellor will reduce the additional income tax threshold from £150,000 to £125,140.

This means that more self-employed people could potentially become additional rate taxpayers, paying 45 per cent on earnings above £125,140.

The Independent estimates that 250,000 more people will be brought into the additional rate following the change.

4. The government is making other allowances less generous
If you run a limited company, you may pay yourself in dividends.

And business owners may need to pay capital gains tax when they sell business assets like land and machinery.

You get an annual allowance for both of these taxes, which is the amount you can make without paying the tax.

In the Autumn Statement, Jeremy Hunt slashed these allowances. By 2024-2025, they will be significantly less:

the dividend allowance will be cut from £2,000 to £1,000 in 2023-24, then to £500 in 2024-2025
the capital gains tax allowance will be cut from £12,300 to £6,000 in 2023-24, then to £3,000 in 2024-2025
5. What did the government announce for business rates?
From 1 April 2023, business rate bills will be updated to reflect changes in property values since the last revaluation in 2017.

To support this transition, the government has announced a targeted support package worth £13.6 billion over five years.

Here are the announcements on business rates:

multipliers will be frozen from 2023-24 which the Treasury says will be a “tax cut worth £9.3 billion over the next five years”
a transitional relief scheme will cap bill increases caused by changes in rateable values at the 2023 revaluation (bill increases for the smallest properties will be capped at five per cent, while increases for medium-sized and larger properties will be capped at 15 per cent and 30 per cent respectively)
retail, hospitality, and leisure business rates relief will be increased from 50 per cent to 75 per cent (up to £110,000 per business) in 2023-24
if businesses lose their eligibility for small business rates relief as a result of revaluation, bill increases will be capped at £600 per year from April 2023
Read the government's business rates factsheet for more information.

6. What’s happening with energy bills?
The government will introduce more targeted support on energy bills for both consumers and businesses. The idea is to protect those who are struggling the most.

For your energy bills as a consumer, the changes are:

the typical household’s energy bills will be ‘capped’ at £3,000 from April 2023 (it’s currently £2,500 – bear in mind that as the unit price of energy is capped, not the total bill, if you use more you pay more)
there will be additional cost of living payments for the most vulnerable, meaning an extra £900 for households on means-tested benefits, £300 for pensioners, and £150 for people on disability benefit
For businesses, the Energy Bill Relief Scheme will remain in place until 31 March 2023. But the government will review the scheme, with the expectation that from April 2023 there will be targeted support for the most vulnerable businesses.

The government says that “the overall scale of support the government can offer will be significantly lower, and targeted at those most affected to ensure fiscal sustainability and value for money for the taxpayer.”

7. The national living wage will increase
If you have employees, the government has announced that the national living wage will increase to £10.42. The Treasury says this will give over two million people a pay rise.

There will also be a "substantial boost" to the national minimum wage from April 2023. The aim is to make "significant progress on ending low hourly pay by 2024-25."

8. Reduction in research and development tax relief
Jeremy Hunt has announced that research and development tax relief for small businesses will be reduced to curb abuse and fraud.

So, the deduction rate for small business research and development rate will be reduced to 86 per cent and the credit rate will be reduced to 10 per cent.

The rate of the separate research and development expenditure credit will increase from 13 per cent to 20 per cent.

Read more:

How does the current Bank of England base rate affect businesses?
How to budget: a calculator and guide for the self-employed
What is business insurance?
Here's the government's complete Autumn Statement 2022 document if you'd like to read all the details.

Capital Gains Tax: what you pay it on, rates and allowances

Overview
Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value.

It’s the gain you make that’s taxed, not the amount of money you receive. For example, if you bought a painting for £5,000 and sold it later for £25,000, you’ve made a gain of £20,000 (£25,000 minus £5,000).

Some assets are tax-free. You also do not have to pay Capital Gains Tax if all your gains in a year are under your tax-free allowance.

If you sold a UK residential property on or after 6 April 2020 and you have tax on gains to pay, you can report and pay using a Capital Gains Tax on UK property account.

Capital Gains Tax: what you pay it on, rates and allowances What Capital Gains Tax (CGT) is, how to work it out, current CGT rates and how to pay

Nur Usta Ltd, London | Bookkeeping Services - Yell Find Nur Usta Ltd in London, N15. Get contact details, videos, photos, opening times and map directions. Search for local Bookkeeping Services near you on Yell.

The Bookkeepers Summit

If you've never been you're really missing out!

Where bookkeepers go to learn, make connections and have fun.
The 2022 Bookkeepers Summit will be taking place during Global Bookkeeping Week.

Our incredible community of brilliant bookkeepers communes at the annual Bookkeepers Summit to uncover tactical advice and proven strategies for a successful bookkeeping career and business.

Last year over 1000 people are coming together online for two days of TED-style talks, live panel discussions, speed networking, social gatherings, competitions, technology exhibitors, and a whole lot of mind-blowing, life-affirming fun.

The only large-scale event dedicated to bookkeepers takes place virtually during Global Bookkeeping Week 7th-11th November 2022.

The world's biggest bookkeeping event Not your typical accounting conference. The Bookkeepers Summit is the world's biggest and best bookkeeping event. Join us online to network with brilliant bookkeepers and learn from industry experts on 17 and 18 November 2020