Elsa Jones Blog

• 45p additional rate of income tax to stay!

  It’s been a whirlwind few weeks in both UK finance and politics. As you may have seen, the new Chancellor of…
• Mini Budget or fiscal disaster? What the Chancellor announced

  The new Chancellor of the Exchequer, Kwasi Kwarteng, delivered his first major fiscal announcement to parliament on Friday 23 September. Billed…
• Company year-end preparations: time to get ready

  As your company year-end date gets closer, there are a number of administrative and financial tasks to start planning for –…
• Do I need a remuneration strategy?

  As an owner-manager, your chief concern will be making your business profitable and building up cash reserves in the company. But…
• Taking out cash for Directors vs Sole Traders

  Every business owner needs to take cash out of the business at some point. But if you’ve just moved from being…
• Should you choose a company van over a company car?

  Having a vehicle to use for business purposes adds to the efficiency of your business. But should you opt for a…
• What are the benefits of lifetime gifts?

  If you’re thinking of gifting assets to your family and friends, it can be a good idea to do this during…
• Do you need to complete a self-assessment return?

  If you’re self-employed, a partner or a company director, then HMRC will ask you to submit an annual self-assessment tax return. However,…
• What is rent-a-room relief?

  Renting out a spare room in your house is one way to bring in a little extra income. But did you…
• How the increased minimum wage will affect your business costs

  Business costs are on the rise as we near the second quarter of 2022. Supply chain costs are increasing, energy prices…
• Spring Statement 2022: Your summary of the key points

  The Chancellor, Rishi Sunak, delivered his Spring Statement on 23 March. Faced with the task of creating a ‘strong economy’ for…
• Quick tips: What are statutory payment rates?

  When you’re an employer, there are various times where you’ll have to pay your employees during a leave of absence. They…