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UK Autumn Statement 2024

United Kingdom
Today, Chancellor Rachel Reeves delivered the UK Autumn Statement, outlining the first Budget from the new Labour government and introducing some notable updates to the UK tax system. Below are some of our highlights (not a full list) to keep you informed on the changes that may impact you: Income Tax & National Insurance Income…
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The consequences of poor personal financial administration: The importance of protecting yourself and your loved ones

General
Nobody likes financial admin… But whether we like it or not, the time and attention required to look after our finances is critically important. Here are just some of the consequences of not doing your admin properly.  Lack of organisation When financial documents, accounts and obligations are not well-organised, it becomes challenging to make informed…
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Heading to Italy? Watch out for rising tourist taxes

General
Italy, home to iconic destinations like Venice and the Italian Riviera, has been particularly impacted by overtourism. In response, a new draft decree has emerged to increase the current tourist taxes from €5 to between €10 and €25 per night. Tourist tax is not a new phenomenon, with over 14% of the world’s countries adding…
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The Importance of Having a Financial Plan

General
When running a business, it is critical to have a clear strategy and financial plan to achieve the strategy. Why then in our personal lives do we procrastinate when it comes to making a clear plan with our finances? Instead, we “hope” things will work out and that our company retirement plan will be fine,…
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Beyond the Lab: Exploring R&D Tax Relief in the UK

United Kingdom
Image credit: www.freepik.com Before you ask – “Why are you talking to me about Research and Development credits? I don’t even have an R&D Department!” – read on. Unknown to many, the Research and Development (R&D) tax relief is not just for traditional research and development. This means many businesses can benefit, but instead lose…
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The Start of Filing Season 2024

South Africa
The South African Revenue Service (SARS) announced 15 July 2024 as the start of the Filing Season for provisional and non-provisional taxpayers who are required to file a tax return. Auto-assessments for an expanded pool of taxpayers started to run from the 1st of July 2024 and will continue to the 14th of July 2024.   Auto-assessments SARS has…
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2024 South African Tax Return Filing Season

Tax filing season is upon us again. “Why should I bother checking my auto assessment tax return? It must be right.” Please don’t be fooled. Often SARS have the incorrect info and you may be able to get back more than you expected. If you have to file your own assessment then please also remember…
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