Outsourcing payroll is a difficult task as you need to make sure the payroll outsourced company is reliable and affordable for your business. This guide
Spend it now and pay it later is the theme concept of our Chancellor Rishi Sunak’s UK budget 2021. The budget 2021 announcement is aiming to create thousands of jobs, economic recovery, and economic growth for post-Brexit United Kingdom. This is probably the most challenging budget for any Chancellor in the UK as the government’s borrowing has now exceeded £270 billion which is the highest level of debt in British history apart from the emergency period of WW1 and WW2.
As lockdown restrictions have occurred due to the coronavirus pandemic, many jobs have been lost, reducing people’s income and further impacting business survival, even forcing some to shut. The 2021 budget is a plan to restore economic growth, and this blog will consider and critically evaluate this approach.
Although the government is planning to initiate the start of the coronavirus debt from 2023 by increasing corporation tax and freezing personal allowance to £12,500, there is a corporation tax loophole that has been introduced in this budget.