Resources

Check out our resources library for useful articles and up to date news.

Autumn Budget 2023

November 27, 2023

Jeremy Hunt announced 110 business-boosting measures in his “Autumn Statement for Growth”. The key points:

Assisting with the cost of living – A cut to the employee National Insurance rate from 12% to 10% from 6 January 2023. To assist self-employed individuals the Chancellor confirmed the abolition of Class 2 NIC and a fall in Class 4 NIC from 9% to 8%.

An increase in the National Living Wage (NLW) was also confirmed from 1 April 2024 increasing to £11.44 per hour, a 9.8% increase. The NLW was also expanded by lowering the minimum age to 21 year olds.

The National Minimum Wage is also being increase from 1 April 2023 to £8.60 for 18-20 year olds, and £6.40 for 16-17 year olds and apprentice rate,  4.8% and 21.2% respectively.

Support for Small Businesses – full expensing of capital expenditure on plant and machinery is to be made permanent to provide certainty to businesses looking to invest in the future.

LilyIris Accounting logo

Working With Us

We are always excited when new clients come on board and we can make a difference to their business.

Are you:

  • An existing Limited Company
  • Searching for a bookkeeper that does more than simply reconcile your bank
  • Looking for professional support for your business journey

Talk to Us - Book a Discovery Call 

Are you a Sole Trader, Quickbooks/Sage user or looking for tax advice?
We only do Sole Trader Tax Returns for people working in the Construction Industry. We don't do any other Sole Trader Tax Returns, tax planning or use Quickbooks/Sage - but we can recommend some fabulous people that do!

Call Us

01454 329507

Email Us

Have a Question Or Need to Make An Appointment? Email Us!

Social Media