Author Archives: Priya Raja-Motala

Autumn Statement 2023 – The Overview

Autumn Statement

The Chancellor, Jeremy Hunt, made a statement on our economy last week. The Autumn Statement 2023 unveiled the current government’s tax and spending plans. The statement also focused on the growth of the British Economy over the coming years.   The UK Economic Outlook   The Chancellor expressed a strong desire to prioritise the expansion […]

Autumn Statement 2023

autumn statement

Earlier today, Chancellor Jeremy Hunt delivered the Autumn Statement 2023. He began by stating that the economy had performed better than expected and that “real” income had increased. As a result, he announced 110 measures in the Autumn Statement that aim to drive growth.  We were thankful that he did not go into each and […]

Tax deductible expenses for your property business

vacant property

In the field of the rental business, whether an expense is tax deductible will very much depend on what it is.  However, the ability to deduct expenses in a property business depends on the status of your rental business. So, what do we mean by the status of the business?  Well, when it comes to […]

Why is it important to explain the different types of funds held by not-for-profit entities in the Annual Report


It is crucial for not-for-profit entities to clearly explain the composition and purpose of funds in their annual reports. This helps donors, funders, and stakeholders to better understand the entity’s financial position.   Types of funds   Not-for-profit organisations such as registered charities, charitable companies, trusts, and Charitable Incorporated Organisations (CIOs) can hold a variety […]

The issue of IR35


A couple of years ago we were discussing if contracting was dead in the water. The introduction of IR35 reforms in April 2017 and April 2021 had raised questions.  The issue of IR35 so to speak. These reforms transferred the responsibility of determining IR35 status from contractors to clients, causing a significant compliance burden.  It […]

What’s happening to the UK Economy?

It’s been some time since we saw a weakness in the UK job market.  But this week we received news from the Office for National Statistics (ONS) that unemployment rose slightly to 4.2% (from 4%) in the three months to August 2023. So, what’s happening to the UK economy? The ONS explained that the figures […]

Cycle to work scheme – how does it work?

cycle to work scheme

Have you ever wondered what the cycle to work scheme is?  Do you have friends or family who are taking their bike all or part of the way to work and saving tax in the process? The cycle-to-work scheme is used by over a million employees across the UK.  It saves them money and enables […]

What is duality of purpose?

dress code for barrister

As accountants, we have become accustomed to seeing situations where our clients combine their business and personal expenses.  Our role is often (especially when we are doing the bookkeeping) to sift through these expenses and explain the duality of purpose to our clients. So, what is duality of purpose?  Simply explained duality of purpose is […]

Things to watch out for when calculating minimum wage

minimum wage

Last month, HM Revenue and Customs (HMRC) released the first update from their National Minimum Wage (NMW) promotion team. Going forward, they plan to provide quarterly updates on certain things to watch out for when calculating the minimum wage. You should sign up for the employer bulletins.   Why is it important to get the […]