November 2022 Budget Report – JDA Summary

 

It’s been hard work being an accountant recently. As Prime Ministers and Chancellors change every few days, they seem to chance tax rates every few days – nobody thinks of the poor accountants trying to keep track!

Yesterdays budget didn’t have many surprises, but did see confirmation of a number of tax rises for everyone.

As well as the increase in Corporation Tax that was announced previously (and cancelled…and then reinstated) business owners will loose some of the tax-free dividend allowance and pay higher rates on the rest of the dividends.

But, as business owners, we do have the ability to choose our own futures and look for growth in our businesses to offset these tax increases. So let’s do it! And if you do need any help on that, we’re always happy to help.

Here’s our handy Budget Summary.

 

Download our Budget report
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Any questions?

 

If you’d like a meeting or a video call to discuss this, please get in touch with your favourite Liverpool accountant