In his Spring Budget statement on March 6, 2024, Chancellor Jeremy Hunt outlined significant changes in personal taxation and provided insights into upcoming tax administration measures. Here's a breakdown of the key highlights: Personal Tax Changes: Major personal tax changes…
In an era where the gig economy is thriving and side hustles have become a common means of supplementing income, understanding the tax implications of your additional earnings is paramount. As of 2024, the UK has introduced new tax laws…
Now that this year’s tax return is done, let’s think about next year! As the saying goes, "Success is where preparation and opportunity meet." This couldn't be truer when it comes to managing your finances, particularly in the realm of…
Handling your online self-assessment tax return can feel like navigating a maze, especially when the deadline looms near. Here are some key points to keep in mind before submitting your return at the end of January: Gather All Necessary Documents: …
As we usher in a new year, it's the perfect time to recalibrate our financial compass and set sail toward our savings aspirations. Whether it's for that dream vacation, a down payment on a house, or simply building a safety…
After getting through this unpredictable financial year, we bet you can't wait to put your feet up with your favourite drink in hand. We know we're looking forward to it! But before you do, you may have noticed that it's…
In a pivotal speech addressing upcoming elections, Chancellor Jeremy Hunt revealed crucial financial policies that are set to mold the nation's economic landscape. But how do these decisions directly affect your personal finances? Let's delve into the key takeaways: Tax…
Absolutely, managing a budget during the holiday season can be a bit challenging, but with the right strategies, it's absolutely achievable. Here are some practical tips to help you keep to your budget this Christmas: 1. Set a Realistic Budget…
At Kara Accountants, our commitment is to simplify and streamline the accounting experience for our clients. We understand that accounting isn't everyone's favourite task, and we aim to make it as pleasant as possible. With the advent of the Making…
The General Data Protection Regulation (GDPR) is a comprehensive data privacy regulation that was enacted in the European Union in 2018. While it primarily governs the handling of personal data within the EU, it has far-reaching implications for businesses worldwide.…