For the financial year 2023: the main rate of corporation tax will be 25% for companies with taxable profits above £250,000. a so-called standard small profits rate of 19% is being introduced for companies with profits of £50,000 or less. So, profits up to £50,000 will be taxed at 19%. From £50,001 to £250,000 the […]
14 February 2022
Every week we take a look at what is trending in the accountancy and tax press and share items that we think will interest you. However, these are only outlines and where they relate to tax planning should not be acted upon without looking into them more completely as everyone’s circumstances are particular to them.
I was walking down the street a few days ago. There is a shop that I pass from time to time. It’s not a large store, but it obviously has been reasonably successful. Although they are not clients of ours, I know who owns it and I would guess, but I don’t know, that they