What does the NI threshold increase mean for employees and the self-employed?
Along with the start of the 2022/2023 tax year, 6 April brought a new increase to National Insurance contributions (NICs) known as the Health and Social Care Levy.
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The DSA Prospect Team
P11D Forms: What are they and how are they submitted to HMRC?
On 6 April 2022 HMRC decommissioned its online end of year expenses and benefits service, the interactive PDF used by small businesses to submit P11Ds. While the deadline for reporting taxable benefits and expenses is 6 July 2022, it's never to early to implement an efficient filing procedure.
3 Types of government-backed financial support for small businesses
Businesses across the UK are feeling the effects of inflation and doing their best to navigate through these financially challenging times. Amidst the number crunching and budgeting, there are key government support measures available to help small and medium sized businesses.
2022 Spring Statement: Announcement Summary and Highlights
The Chancellor of the Exchequer faced two major challenges in the 2022 Spring Statement; to ensure a more secure UK economy and reduce public debt, while simultaneously helping to alleviate the pressures of inflation.
6 Key Elements of a Business Plan
As an entrepreneur starting a business, or even planning a scale-up, a business plan is a very important part of the process. This strategic tool helps define your short and long-term goals while providing a blueprint for your next steps.
The Chancellor announces more support for the hospitality industry as restrictions tighten
After criticism on the lack of support following recent government announcements, the Chancellor has pledged to help businesses in the hospitality and leisure sectors during yet another difficult time with the announcement of three new support measures.
DSA Prospect announces the formation of the DSA Prospect Foundation
The directors and team at DSA Prospect are proud to announce the formation of our charitable foundation - the DSA Prospect Foundation.
What you need to know about the Autumn Budget 2021
Another Budget has come and gone.
Though it was clear that the Chancellor wanted to focus on spending rather than taxing in his announcements, which according to him will prepare the UK economy for a 'new age of optimism' post-Covid; we can't forget the changes impacting small businesses and the self employed that were announced well in advance to this week's official statement.