Autumn Budget 2024: Key Highlights for Businesses
Yesterday, The Autumn Budget was announced. It outlines significant tax changes and incentives aimed at businesses and workers. Here’s a breakdown of the top announcements affecting UK businesses. National Insurance Increase: Employers’ National Insurance contributions will rise by 1.2% to 15%. Additionally, the Secondary Threshold will be reduced from £9,100 to £5,000, meaning employers will… Read More »
Your Guide to HMRC Compliance
Understanding HMRC compliance is crucial for any business, as mistakes can lead to hefty fines. As a trusted payroll provider, Cactus are here to help you understand the complexities of HMRC compliance. HMRC carry out compliance checks to: Multiple things can prompt HMRC to open a compliance check, including: These are mistakes that are easy… Read More »
Income Tax Explained
At Cactus, we’re here to shed some light on prickly payroll/finance topics🌵 Taxes are an inevitable part of life and can be a source of confusion for many. At Cactus, we’re here to shed light on this essential aspect of your financial life. Income tax plays a role in funding public services in the UK,… Read More »
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