by Venton Team | May 12, 2025 | Accounting, Blogs, News
April 2025 brought in significant changes to how National Insurance Contributions (NIC) are calculated for employers. Many businesses, especially those who run their own payroll, have reached out to us with questions, particularly around how these updates affect costs... 
by Venton Team | Apr 1, 2025 | Accounting
Running a limited company comes with many tax advantages, but when it comes to expenses like rent, things can get a little complicated. If you work from home or rent office space, you might be wondering whether you can claim your rent as a business expense and reduce... 
by Venton | Mar 27, 2025 | Accounting, All, News
Chancellor Rachel Reeves has delivered her first Spring Budget, outlining the government’s financial plans for the year ahead. With updates on public spending, tax compliance, benefits, housing, business rates, and savings reforms, there’s a lot to take in. At Venton,... 
by Venton | Mar 17, 2025 | Accounting, Blogs, Conference, News
The way self-employed people and landlords manage their taxes is changing. Making Tax Digital for Income Tax (MTD for IT) is being introduced to bring the tax system into the digital age, and if you earn over £50,000, you’ll need to follow the new rules from April... 
by Venton | Mar 10, 2025 | Accounting, All, Blogs
Understanding UK Tax Codes: What You Need to Know Tax codes play a crucial role in determining how much tax you pay on your income. They are issued by HMRC and applied by your employer or pension provider to calculate the right amount of tax to deduct. Understanding... 
by Venton Team | Dec 4, 2024 | Accounting, All
What is the 40% Tax Bracket? The 40% tax bracket refers to the rate of income tax that applies to earnings above a specific threshold in the United Kingdom, classified as the higher-rate tax band. For the 2024/25 tax year, this threshold begins at £50,271 and extends...