Employee of the Month – May 2023
We at Jack Ross have once again been voting for our star employee. After a painstaking tie break decision, we’re finally able to announce our… Read More »Employee of the Month – May 2023
We at Jack Ross have once again been voting for our star employee. After a painstaking tie break decision, we’re finally able to announce our… Read More »Employee of the Month – May 2023
As quick as a flash we find the first month of our new financial year behind us. A new King has been coronated and its… Read More »Employee of the Month – April
His Majesty King Charles III’s Coronation is coming up on Monday, May 8 2023, and Jack Ross Chartered Accountants will be closed to allow colleagues… Read More »Jack Ross Chartered Accountants to Close on Monday, May 8 2023, in Celebration of King Charles III’s Coronation
Another month has flown by here at Jack Ross and its time again to announce our employee of the month! Drum roll please… Its ZAYD… Read More »Employee of the Month – March
The Spring Budget 2023 is finally here, and it brings with it a plethora of measures aimed at boosting economic growth and improving the financial outlook for businesses and households alike. In this blog post, we provide a comprehensive overview of the key measures announced in the Budget Statement.
Firstly, we examine the impact of falling natural gas prices on inflation, which is projected to drop to below 3% by the end of the year. This decrease in inflation will help businesses avoid steep increases in payroll and borrowing costs, as well as ease the squeeze on households facing a decline in living standards.
Next, we discuss the Bank of England’s base rate, which is projected to peak significantly lower than the 5% assumed in the Autumn Statement. This change is good news for homeowners and businesses, indicating a more stable financial environment.
We then delve into the critical tax measures highlighted in the Budget Statement under the Chancellor’s focus on Enterprise and Employment. While there was no change to the decision to increase the primary Corporation Tax rate to 25%, the Chancellor announced a Full Expensing approach for qualifying plant and machinery, which aims to incentivize business investment.
The Spring Budget also brings better news for SMEs, with increased R&D relief granted for R&D-intensive businesses. Although this improvement doesn’t reach the levels of relief previously available, it is a positive step forward.
The proposed abolition of the Lifetime Allowance charge, which removes the cap on the amount of pension savings someone can have, is a significant surprise in employment policies. This major shift in government policy will result in a rethink for employees regarding their approach to pension savings.
The Chancellor structured his plans around the four Es, which he believes are critical in unlocking the UK’s national potential: Enterprise, Education, Employment, and Everywhere. However, measures like increased childcare support will take time to materialize and affect growth numbers.
The budget also includes measures supporting R&D and investment in fast-growth sectors. However, it lacks a grand strategy for boosting productivity and overall economic resilience, similar to the US Inflation Reduction Act or the EU’s Green Deal Industrial Plan.
In summary, the Spring Budget 2023 brings relatively better news on the short-term economic outlook and includes several commendable measures. While it doesn’t represent a game-changing budget, it sets the stage for future growth and development.
Another month has swiftly passed by this year. We are already celebrating another member of staff for their achievements in February. Drumroll please for our… Read More »Employee of the Month February
We have entered a new year and January is always a busy month for Jack Ross. We had another successful year for our personal tax… Read More »Employee of the Month January
At Jack Ross Chartered Accountants, we understand the importance of recognizing and celebrating the hard work and dedication of our employees. That’s why each month,… Read More »Employee of the Month – December 2022
Things are getting festive in the Jack Ross office. The tree is up, and the tinsel is out, but our staff are still working hard… Read More »Employee of the Month – November
Halloween is over but we still have a treat in this blog for you. Our team have been voting for their employee of the month… Read More »Employee of the Month-October