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...
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...