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On March 6, 2024, Chancellor Jeremy Hunt delivered a spring budget aimed at boosting public morale and securing voter support, especially important as an election looms and the UK faces economic challenges. This budget focuses on easing financial strains by lowering National Insurance for everyone, tweaking VAT rules for small businesses, and adjusting child benefit […]

Attention Business Owners, We’ve got the latest scoop on the recent Spring Budget announcement by the chancellor. Buckle up because there’s a lot to unravel, but we’ve got you covered with the need-to-knows. Let’s dive into the highlights: National Insurance Contributions Relief Good news! National Insurance Contributions are getting slashed again. This means more money […]

Simplified Guide for Business Owners: Understanding the Spring Budget Predictions Attention all business owners! The Spring Budget is set to be announced on March 6th, and it will be aired live on BBC1 at 12pm. This is a crucial event, especially with the general election on the horizon. We anticipate significant announcements that could impact […]

Hello, business owners! Let’s talk about what the UK Autumn Statement means for you in plain English, with all the important bits you need to know: Our director Paul breaks down the Autumn budget with a quick synopsis Cash Cushion for Growth The government has a safety net of funds aimed at supporting businesses making […]

The Autumn Statement is more than just a financial forecast; it’s a roadmap that can influence your business decisions for the upcoming year. At 1 Accounts Online Ltd, we understand its significance and are here to simplify what it means for you. What is the Autumn Statement? This annual announcement by the Chancellor of the […]

Are you ready for some capital allowances fun? 🙌 🥳 Yeah, we know it’s not the most exciting topic, but stick with us because it’s important. Capital allowances are like the superhero of the UK tax system, providing businesses with tax relief on certain types of capital expenditure. However from April 2023, they’re changing!  Super […]

The Chancellor announced his March budget today.   Similar to the budgets, autumn statements and ‘non-budget’ statements of the last few years we knew most of the details in advance. What we did find out yesterday is that UK PLC is in a better position than feared. It is believed that inflation will fall to […]

Last week, as part of the mini-budget, the government began announcing help for small businesses. This blog gives you the details of what matters and how this could impact your business. At a top level, the mini-budget, the government’s Growth Plan and announcements on energy caps are very good news for small businesses. Excuse the […]

The Chancellor recently unveiled his Spring Statement. With a background of increasing wage, fuel and raw material costs and rising inflation, it was hoped the Chancellor would bring some respite for small businesses and sole traders. Thankfully there is some small respite coming for small business owners and sole traders. Before you get too excited, […]

Small business owners hopes for some crumbs of comfort from the chancellor in his budget and autumn statement were dashed. The triple hit on small businesses coming from April 2022 is still very much happening.