As the current tax year draws to a close on 5th April 2024, it’s crucial to capitalise on every available opportunity to optimise your savings and investments while minimising your tax liabilities. Now is the time to review your financial position and make the most of various allowances available to maximise tax-efficiency.

Chancellor Jeremy Hunt’s Spring 2024 Budget announcement included significant tax and spending changes that could affect personal and business finances ahead of a late election this year. Read here how this may affect you and your business.

Horizon FD Accounting & Business Advisory Services, has won the 2023 SME News Finance Awards for Business Advisory & Accountants of the Year in North London, UK 2023.

The Chancellor, previously adamant about the near impossibility of tax cuts just two months ago, appears to have had a change of stance. Aligning with the Prime Minister, Mr. Hunt implied that halving inflation in 2023 marked a turning point in the economy, allowing for a new policy direction.

The latest OBR projections, now suggests that the UK economy will not experience a ‘technical recession’ in the current year, so we will now explore how this Spring statement impacts UK SMEs.

The tax year end for 2022-23 is fast approaching and with significant freezes or reductions for many tax bands, allowances and exemptions now is an important time for Self Employed and Directors to check they are making use of of all the reliefs available to them for the year 22-23.