So, that partnership went as well as predicted. As well as sacking Kwarteng, Truss also made another U-turn on the mini (non) budget announcements.
In recent weeks we heard that the removal of the 45% tax band for the wealthiest individuals was being reversed, so there will continue to be the additional level of tax (45% for earnings over £150,000 and 39.35% for dividends over that figure (2022/23))
Although these updates are now fewer and farther between, I appreciate that quite a number of our clients are still struggling - some even more so now that we are over the main "covid period". As mentioned before, I intend to keep these going for the foreseeable future to try and help clients as much as I can.
I think Autumn might be here, as the office has gone from being way too hot, to freezing, seemingly overnight (very British problems, huh?).
This was going to be quite a brief update, but then I started making a list and I think I'm going to have to split it into 2 emails, otherwise I'll lose some of you half way.
Unfortunately one of the team has contracted Covid and although we have been very careful and "covid-safe" in the office, I have made the decision to close the office for at least a week (happy freedom day!).
In other news:
1. The SEISS final grant will soon be opening for application. The details about the fifth grant for the self-employed can be found in a previous article