Basis Period Reform

Basis Period Reform

What is Basis Period Reform and does it affect me? HMRC are bringing in new rules, called Basis Period Reform, from April 2024 that will see all unincorporated businesses taxed on their profits for the full tax year, that is April to March. HMRC have been upgrading...
BAS Spring Budget Updates

BAS Spring Budget Updates

Written by Brett Smith, Director & Accountant at BAS. Isn’t Budget Day super exciting? For personal reasons, I had to work from home for a few hours on the day of the spring budget update. So, whilst working and eating my lunch I received panicked texts from...
Buying a car or vehicle through your limited company?

Buying a car or vehicle through your limited company?

Buying a car or vehicle through your limited company can be a bit of a minefield and is one of the most common topics we receive questions on. These “mines” are created because there is so much choice in terms of financing, vehicle types and values, as well as what...
The Importance of Class 2 NIC

The Importance of Class 2 NIC

In the intricate landscape of personal finance and retirement planning, it’s easy to overlook certain aspects that could significantly influence your financial future. The importance of Class 2 National Insurance Contributions (NIC) is one element that often...