After last month’s budget, we at ad+ have been reviewing the Chancellor’s statement and the Budget documents to interpret the impact on our clients.
The good news is the further increase in the personal allowance and higher rate threshold, which has benefits for all. For business owners, the increase in Employment Allowances adds a further saving of £1,000 and the changes […]
Grappling with a number of significant headwinds
Unlike the rest of the world, the European economy has been hit by not one, but two major crises in the last decade. A few years on, we consider whether Europe is set on a path to recovery.
In 2008, the collapse of the US mortgage market sent shock waves across the globe and triggered […]
31 January 2015Tax returns – don’t leave it too late!
The deadline for filing your 2014 self assessment tax return online is 31 January 2015. Returns not filed by this date will result in a £100 penalty. Where the return has still not been submitted after three months, daily penalties of £10 will accrue, continuing […]
Anyone whose income exceeds ?100,000 is already paying tax at 40%.
This high rate begins when taxable income exceeds ?32,010 ? but your personal allowances are also clawed back for every ?2 by which your adjusted net income exceeds ?100,000. […]