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  • mkdsbusiness

Whats new with DS Business Support

  • We are happy to announce a brand new service!! If you are always hands on at work and struggle to keep on top of admin and paying suppliers, we are here to take that off your to do list. We have teamed up with a great software company which integrate with your Xero - meaning any bills which are due are paid on time - without us needing direct access to your bank account. If you would like more information on this service, please let me know

  • As you know - on our invoices to you there are options to pay via Stripe(card), PayPal, bank transfer and standing order if you are on a fixed fee. For those of you who's fees change each monthly depending on the volume of work, or who manually reimburse us for monthly software, there is now an option to pay via direct debit. Please let me know if you need a hand setting this up.

  • **NEWS** We are super proud to have been chosen for a write up from Xero. I am so grateful how far the company has come in the last couple of years and I couldn't of done any of it without our loyal clients, hard working staff and support from the great accountants we work alongside. You can find the blog on this follow link for a 5 mins read How the founder of DS Business Support fell in love with bookkeeping | Xero Blog

HMRC Updates There has been many changes with HMRC this month

  • From the 6th November - National Insurance will be cut by 1.25% on the 6th November reversing a rise of the same amount earlier this year

  • a reversal of the planned April 2023 increases in the rate of corporation tax - this will remain at 19%

  • a two-year £2,500 Energy Price Guarantee (EPG) for consumers

  • The reduction in the basic rate of income tax to 19%, which was originally scheduled for 6 April 2024, will now take effect from the beginning of the 2023/24 tax year

  • The additional rate tax of 45% that currently applies on annual income over £150,000 in England, Wales and Northern Ireland will be abolished from 2023/24

  • The additional rate for savings, dividends and the default rates will also be removed from April 2023 and this change will apply across the whole of the UK

  • From 2023/24, the tax rates applicable to dividends will be reduced by 1.25 percentage points, taking them back to 2021/22 levels.

  • Stamp duty land tax (SDLT) rates for residential property will be revised from 23 September 2022, increasing the 0% band threshold from £125,000 to £250,000

  • The Government will also increase relief for first-time buyers, raising the 0% band threshold from £300,000 to £425,000 and the maximum value of property on which they can claim the relief from £500,000 to £625,000

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