The Treasury has announced that it plans to recognise stablecoins as a valid form of payment as part of a wider government initiative to 'make Britain a global hub for cryptoasset technology and investment'.
With the cost of living and the Bank of England interest rates increasing as well as the cost of most items being on the up, now is the time to be reviewing costs and saving money where possible. Below are five items which will provide some financial support to businesses. This list is not exhaustive but provides newly introduced or recently changed packages in light of the Spring Statement.
A leading regional firm of chartered accountants and financial planners is celebrating a decade of being in Bury St Edmunds – ten years which has seen substantial growth in staff numbers and the need to take on more office space to accommodate this.
The UK’s business groups gave a mixed response to Chancellor Rishi Sunak’s Spring Statement speech.
The Government has announced that it intends to introduce legislation in Finance Bill 2022/23 to provide relief from the Annual Tax on Enveloped Dwellings (ATED) for those companies who make a dwelling available for occupation by refugees under the Homes for Ukraine Scheme. The legislation will have effect from 1 April 2022. A similar relief will be available for Stamp Duty Land Tax (SDLT).
Following our articles in December and February, the Bank of England (BoE) has responded to the likelihood that the war in Ukraine will push inflation to around 10% in autumn by raising interest rates to a level last seen in March 2020, before the COVID-19 pandemic took hold.
Visiting teams and referees at Thetford Town Football Club are set to have a more comfortable match day experience, after the club received a £1,200 grant from a local firm of accountants to refurbish the showers in the away dressing room, upgrade the referees’ facilities, and install a new boiler.
Knowing whether you should be putting mileage claims or other motor expenses through your business can sometimes be a tricky subject. You’ll want to understand the basics before you get too far ‘down the road’ with your record keeping.