Knowledge
Centre

Simplifying the Autumn Statement

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 […]

Understanding the Autumn Statement and Its Impact on Your Business

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 […]

What are capital allowances?

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 March 2023 Budget Explained

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 […]

Mini Budget 2022

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 […]

Spring Statement 2022

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, […]

The autumn 2021 budget

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.

More details on the March 2021 budget

The UK budget took place on the 3rd of March 2021. Since then we have been getting more information through regarding the changes announced by the chancellor. Here is what we know so far: CORPORATION TAX RATES TO INCREASE TO 25% BUT NOT FOR ALL COMPANIES The UK corporation tax rate is currently one of the […]

The 2021 Budget

For the last 12 months the chancellor has been pouring money to support the UK economy through the COVID-19 pandemic. The good news from yesterday’s budget is this isn’t stopping yet and support for business and the self-employed carries on for the next 6 months. We also know now how the chancellor is going to […]

What does Rishi’s mini budget mean for you?

We spent a large part of yesterday afternoon listening and reflecting on the budget update from the chancellor. In this blog, we will take you through what this actually means for you. If you furloughed a member of staff you probably received this excellent summary from the government of the changes being announced. (It’s probably […]

Check Out Our Latest Blog

Is It Time to Electrify Your Double Cab Pickups?

Understanding the Changing Tax Landscape Current Tax Benefits: A Favorable Position Double cab pickups are the backbone of the construction industry, serving as both reliable haulers for equipment and convenient transportation for workers and their families. Yet, looming changes in tax regulations could reshape the landscape for these indispensable vehicles. The Impact of Tax Changes […]