Viewpoint Accountants

📈 #CapitalGainsTax (CGT) Update: Key Changes for 2025/26 📈 From 30 October 2024, the new #CGT rates apply to some asset types. Here’s what you need to know: 💼 General CGT Rates - Basic Rate Band: Increased to 18% (previously 10%) Outside Basic Rate Band: Now 24% (was 20%) 🏠 Residential Property: Unchanged CGT rates - 18% within the basic rate band and 24% outside. 🚀 Business Asset Disposal Relief (BADR) - Entrepreneurs can still benefit, with the lifetime limit remaining at £1 million. New CGT Rates: 14% from 6 April 2025, increasing to 18% on or after 6 April 2026. Get in touch with #ViewpointAccountants today: 📞 01245 258689 #CGTUpdate #CapitalGains #BADR #FinanceTips #TaxUpdates #TaxPlanning #UKTax

📅 Stay Informed on Key #Tax Rates! 📅 For the upcoming 2025/26 tax year (ending 5 April 2026), here’s what you need to know: ✨ Personal Allowance - Remains at £12,570, though it reduces if your income exceeds £100,000 and disappears entirely above £125,140. 💷 Income Tax Rates & Allowances - Tax bands for England, Wales, and Northern Ireland remain unchanged, with Scottish and Welsh budgets expected soon. 🏦 Savings & Dividend Income - Basic rate taxpayers get a £1,000 savings allowance and higher rate taxpayers receive £500. Dividend income allows for a tax-free £500. 📈 ISAs - Annual limit stays at £20,000—make the most of it! 👶 High-Income #ChildBenefit Charge (HICBC) - Kicks in at £60,000 income, reclaiming 1% of benefits for every £200 over the threshold. Get in touch with #ViewpointAccountants today: 📞 01245 258689 #TaxTips #PersonalFinance #UKTax #Savings #Dividends #ISAs #TaxUpdates #TaxPlanning

Check out our budgeting highlights over on our website 🔗 https://lnkd.in/exCbpcyG

🚨 Budget Highlights: Key Changes Unveiled in Rachel Reeves’ First Budget 🚨 Today, we saw a series of impactful changes announced. Here’s a quick breakdown of the major points: 🔹 Employers’ National Insurance: Set to increase by 1.2% to 15% starting 6 April 2025. 🔹 Tax Thresholds Freeze: Income tax and NI thresholds freeze will not extend beyond 2028. 🔹 Capital Gains Tax: Higher rates on assets (excluding property) — now 20%/24%. 🔹 Fuel Duty: Frozen to provide some stability amid rising costs. 🔹 Private School Fees: VAT confirmed, affecting fee structure. 🔹 Duty Cut on Draught Alcohol: Lower duty for draught alcohol to support hospitality. 🔹 Employer Allowances: Reduced threshold for Employer NI contributions but an increase in Employers Allowance. 🔹 Inheritance Tax: Threshold freeze, with a 20% rate on agricultural and business assets over £1M. 🔹 SDLT for Second Properties: Stamp Duty on second homes up from 3% to 5% overnight. Stay tuned—more details on how these changes might impact you, your business, and the economy will be released in the coming days. #Budget2023 #EconomyUpdate #RachelReeves #TaxUpdates #BusinessNews

💼 Why Hire a #ProfessionalAccountant? ✨ Running a #business is challenging, but with the help of a professional accountant, you can unlock numerous benefits! Here are just a few: ⏰ Save Time - Focus on what you do best while we handle your finances. 💰 Maximise Deductions - Ensure you're taking advantage of every tax break available. 😌 Reduce Stress - Leave the numbers to us and enjoy #PeaceOfMind. 📊 Get Expert Insights - Gain valuable advice to help your business grow. Don’t let finances hold you back. Get in touch with #ViewpointAccountants today! 📞 01245 258689 #AccountingBenefits #SmallBusiness #Finance #ExpertAdvice #BusinessGrowth #Accounting #Viewpoint

🌟 Around 45% of UK businesses are now leveraging cloud-based accounting solutions! 🌥️ At #ViewpointAccountants, we’re committed to harnessing #technology to enhance your financial processes and keep you ahead of the competition. 📈💼 Ready to take your business to the next level? Let's simplify your accounting and boost your efficiency! 💪✨ 📞 01245 258689 #CloudAccounting #UKBusiness #FinancialFreedom #SMEs #TechSavvy #BusinessGrowth #AccountingMadeEasy

Starting a business is a big step, and having the right support makes all the difference. 💼 Viewpoint Accountants are here to guide you from day one, with a friendly and professional approach that sets your business up for success. Whether you’re just starting or need an accounting team who truly cares, Viewpoint delivers on every front. 🌟 📞 01245 258689 #BusinessSupport #ViewpointAccountants #AccountancyExperts #EssexAccountants #BusienssJourney #DayOne

✨ Good Food, Great Company! 🍽 The #Viewpoint teams at Tiptree and Chelmsford enjoyed a delightful lunch at #TheSix Bells in Boreham! 🍽️✨ Great conversations and even better company made for a perfect day. Here’s to strong teamwork and lasting connections! 🤝 #TeamLunch #Collaboration #Tiptree #Chelmsford ##ViewpointAccountants #EssexAccountants #Essex #SocialEvent #WorkEvent

💼 Can You Do #TaxPlanning on Your Own? 💼 While some basic tax planning can be managed independently, navigating the complexities of tax laws is no easy task! They change frequently and can significantly impact your financial situation. At #ViewpointAccountants, we specialise in simplifying this process for you. Our expert team will help ensure you’re making the best decisions tailored to your needs! ✨ Ready to take the stress out of tax planning? Contact us for guidance! 📞 01245 258689 #Accounting #Viewpoint #FinancialAdvice #TaxExperts #BusinessFinance #ProfessionalHelp #NavigateTaxLaws

There's talk of potentially aligning #CapitalGainsTax (CGT) rates with income tax, reminiscent of Gordan Brown’s era. With Rachel Reeves being a fan of Gordan’s policies, we might just see a revival of taper relief! 💼 One would hope that Business Asset Disposal Relief (BADR) stays in play to boost entrepreneurship and growth! 🚀 Could we even see the return of Business Asset Taper, which would bring the effective CGT rate down to 10% after a decade? 🤔 Keep your ears open for potential changes like tighter restrictions on private residence relief and updates to hold-over relief for trusts. And in a bold move, the removal of the CGT free uplift at probate value could mean beneficiaries inherit at the deceased’s CGT base cost instead. 🏠⚖️ Get in touch with #ViewpointAccountants today: 📱 01245 258689 #Entrepreneurship #TaxUpdates #BusinessGrowth #RachelReeves #GordonBrown #FinancialNews #StayInformed