UK Income Tax Brackets Explained: How Much Tax You'll Pay at Each Salary Level 2025

Autumn Budget 2024

A new Government, a new Chancellor and a new approach to the UK’s fiscal policies.

Financial strategies for businesses facing labour shortages

Labour shortages, particularly in the hospitality sector, are creating significant challenges for many businesses this year.

Is it time to restructure your business?

Labour’s Autumn Budget is just around the corner (30 October) and many businesses are uncertain of what the next few years may hold for them.

Capital allowances for property owners explained

Capital allowances are a great way to reduce your tax liabilities by claiming deductions on certain property-related expenses.

How to protect your business from Kittel VAT risks

Taxpayers have a fundamental right to reclaim input tax, also referred to as input VAT.

Labour pledges to avoid raising taxes ‘on working people’

As the Autumn Budget approaches, the Government has pledged that it will “make the tax system fairer” and avoid raising taxes on working people and certain businesses.

With Income Tax unlikely to change, is it worth altering your dividend-based salary strategy?

For business owners and directors, dividends may form a critical element of your salary strategy and tax planning, keeping your tax liabilities to a minimum.

Fiscal drag and tax thresholds: What does it mean for you

As the Government seeks to plug certain gaps in the public purse, we are unlikely to see any change in Income Tax thresholds despite wages and the State Pension rising

Should I Set Up as a Sole Trader or as a Limited Company? Making the Right Choice for Your Business?

As a team of experienced accountants at The Numbersmith, we've guided countless entrepreneurs through the crucial decision of choosing the right business structure.