Prepare for a New Tax Year - Blu Sky - UMi Makes it Easy
Events & Learning
Learn about recent tax changes and how to use your new tax allowances to get the most benefit with UMi Makes it Easy... to Prepare for a New Tax Year, hosted by Steven Robinson & Adrian O’Connell from Blu Sky.
With the October 2024 Autumn Budget introducing a range of tax changes that could affect your personal finances and your business expenditure, you may need to make some tweaks to how you pay yourself and your team to ensure you make the most of your tax allowances.
We asked Steven Robinson, COO and Adrian O’Connell, Head of Tax at Blu Sky to share the latest updates and what you can do to plan ahead for the coming tax years.
Steven and Adrian share:
- What the tax rates are for 2025/26 and how they have changed.
- The different types of tax that you may be eligible for and how to maximise each.
- How you can use advanced planning to time transactions so that they benefit you most.
- How you can mitigate some of the rising costs of employing a team with tax-deductible benefits for your employees.
- What approach to take when planning your immediate and long-term personal finances as a business owner.
- What Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) will mean for you.
Watch here:
Edited to add: at approximately 20 minutes 30 seconds in the video, the ‘old’ minimum annual allowance is referenced - £4,000 which would be the result if you had adjusted income of £312,000 or more. The correct position is if you have adjusted income of £360,000 or more, your annual allowance falls to a minimum of £10,000.
Next steps...
- Visit Blu Sky to learn more about how the team can help you grow and make your vision happen.
- Explore our accounting bundle to learn more about managing your business finances.