An insight from the gbac team on all things accounting, finance and more.
As 2025 is now well underway, it’s once again that time of year when you need to consider your year-end tax plans. While there will be no Spring Budget this year, taxpayers must still get their tax affairs in order before the end of the tax year on 5th April.
Umbrella companies typically employ temporary workers on behalf of recruitment agencies and end clients. However, this structure leaves room for umbrella company fraud and tax avoidance, which is why they’re often under HMRC’s spotlight.
Postgraduates with student loans will be liable for high effective marginal tax rates – which apply to every £1 above repayment thresholds – but partially or fully repaying all of their student loans might not make the most financial sense.
The increase in National Insurance Contributions (NICs) for employers that was announced in the 2024 Autumn Budget is due to take effect in a few months – from 6th April 2025.
The increase in National Insurance Contributions (NICs) for employers that was announced in the 2024 Autumn Budget is due to take effect in a few months – from 6th April 2025.
As part of the Autumn Budget that was shared in October 2024, the government came up with a ‘roadmap’ for Corporation Tax that should provide more certainty for UK businesses.
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