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Yesterday, UK Chancellor Rishi Sunak announced the much anticipated 2022 spring budget. The previous two spring budgets were largely focussed on how the UK can recover from the impact of the covid-19 pandemic. However, this year’s budget has been largely dominated by the cost of living crisis and rising inflation. In this blog, we have […]

With the UK economy continuing its recovery stage post-covid, there are ongoing issues with the rising rate of inflation (the measurement of our overall cost of living). The main issue is that it is expected for inflation to peak in April at a rate of 8.3%, contrasting to the Bank of England’s forecasted figure of […]

As the title suggests, a modest price increase to your Xero subscription fee will be coming into effect this month. On 23/09/2021, Xero increased their subscription fees by £24 + VAT to £26 + VAT per month for the standard plan and from £30 + VAT to £33 + VAT for the premium plan. While […]

Apprenticeships are becoming increasingly popular amongst 16-24-year-olds with little or no experience in their chosen field. Lots of people have this avenue to travel down as an alternative to University. For those who have a clear idea of the career they’d like to pursue, apprenticeships are fastly becoming the most preferable route into a chosen […]

In 2000, the UK Government created a tax credit scheme designed to boost innovation for small-medium sized enterprises. This is by allowing them to claim back a refund from HMRC based on the working hours that the business dedicates to research and development. Alternatively you could reduce your corporation tax bill through this. It’s an […]

In an effort to provide some relief to businesses and individuals after financial Covid-19 pressures, HMRC have extended the self-assessment tax return deadline by a month. The postponement mimics that of last year where the HMRC waivered late-filing fees for those who had not submitted their self-assessment tax return deadline by the 31st of January. […]

As you begin to consider entering retirement and cashing out your pension, you may have questions on what happens next. Additionally, with the self-assessment tax return deadline less than a month away, you may wonder if this is something you are required to do before the 31st of January.  Are Pensions Taxed? In short, yes. […]

As we all know, nearly all businesses (not just in the UK but) around the world have suffered during the Covid pandemic. Although there may still be some doubt with the new Omicron Covid variant, we at Aston Shaw like to take a brighter and optimistic approach to life moving forward in the new year. […]

With the Government announcement on Wednesday 8th December that England will move to plan B, we look into the impacts this will have on small-to-medium-sized businesses across a select range of sectors. This has come as a result of the new Omicron Covid variant, rapidly spreading across the country with experts becoming unsure of the […]