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Autumn Statement – Although investors and companies might have wished for more, the markets react calmly

Menzies

Menzies LLP - A leading chartered accountancy firm. The lack of clarity about whether the Energy Price Guarantee for companies will continue beyond the start of April and the decision to freeze the National Insurance Contribution (NIC) secondary threshold for employers until April 2028, have been seen as negatives.

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Capital gains tax: Is this part of your financial planning?

Menzies

Menzies LLP - A leading chartered accountancy firm. The higher rate income tax threshold was frozen at £50,270 through to 5 April 2028. Capital gains tax (CGT) has traditionally been a tax that most people could ignore. If you happened to be caught within its grasp, you could consider yourself in a relatively wealthy minority.

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Investing in Warehouses of the Future – Important Considerations

Menzies

Menzies LLP - A leading chartered accountancy firm. The growing robotics market A report by Mordor Intelligence suggests that the global warehouse robotics market is expected to grow at a compound annual growth rate of CAGR of 6.86% per annum during the forecast period of 2023-2028.

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Basis Period Reforms – Do you have sufficient funds?

Menzies

Menzies LLP - A leading chartered accountancy firm. The basis period reform will not affect businesses with accounting year ends to 5 April or 31 March. In the transition year, HMRC are asking for tax ‘up front’ on the profits arising in the period from the accounting year end to the end of the tax year. Current rules.

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ISAs & Pensions Compared

Menzies

Menzies LLP - A leading chartered accountancy firm. Pension funds can’t normally be accessed until the minimum retirement age (currently 55 but increasing to 57 from 6th April 2028). Pensions and ISAs both offer tax advantages and form the foundation of any investment planning. At age 50, permitted contributions must cease.

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Increase in National Insurance Contributions on the Way

Menzies

Menzies LLP - A leading chartered accountancy firm. In the 2022 autumn budget, Jeremy Hunt confirmed NIC thresholds would freeze until April 2028. National Insurance Contributions (NICs) have been the subject of every budget announcement this year. Introduction. NICs were reduced back down by 1.25% as of November 2022.

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THE EUROPEAN COMMISSION’s LATEST ADOPTION FOR THE sustainability due diligence directive (CSDDD)

Menzies

Menzies LLP - A leading chartered accountancy firm. The new law enforced by the EU Council will ultimately raise the concern for businesses accountability towards environmental and societal impact throughout their every-day operations within the EU. What is the purpose for the Sustainability Due Diligence Directive (CSDDD)?