As a business owner, you will find that few things in your line of work are as precious as your time – time that would be better spent doing something other than accounting.
Despite remaining complex, pensions offer you far more flexibility from the age of 55 (rising to 57 from 6 April 2028) than was once possible.
NICs will rise by 1.25% for employees, employers and the self-employed from April 2022 to fund the Government’s new health and social care levy.
One of the key aspects of Rishi Sunak’s Budget speech was the changes to the system of business rates in England. It remains to be seen what if anything will happen in Wales, but the Chancellor did announce an increase in funding to the Welsh Government of £2.5bn on average (£2.2bn for 2022/23, £2.6bn in 2023/24 and £3.0bn in 2024/25.
Chancellor Rishi Sunak resisted the temptation to raise taxes to start paying for the emergency support schemes that kept so many businesses afloat during the pandemic in 2020/21.