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…
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.…
The housing market can be a complex and volatile landscape for potential buyers and sellers. This means that making well-informed financial decisions is crucial and they need to know how to navigate the housing market wisely. In this blog, we…
Reaching your money goals requires a combination of planning, discipline, and smart financial choices. Here are six ways to help you reach your money goals by the end of the year with just under six months left in 2023: 1.…
As the warm and sunny months approach, many of us find ourselves eager to make the most of the season. However, it's essential to strike a balance between enjoying the sunshine and maintaining financial discipline. As an accountant, I understand…
Financial management is an essential aspect of running a successful business. Unfortunately, many businesses make common financial mistakes that can hurt their bottom line. In this blog post, we will discuss five common financial mistakes that businesses make and how…
There’s no such thing as too organised, especially when it comes to your business or personal finances. The start of a new tax year is the perfect time to assess your finances and make sure you are setting yourself up…