This week has been a first for the FW office, as we were joined by Joseph, who was with us for the week completing his Year 10 work experience. It was an absolute pleasure to host him, and we were all incredibly impressed by his maturity and eagerness to learn (as well as his biscuit eating ability!). Joe has written an article all about his experience.

Chancellor of the Exchequer Rachel Reeves delivered an update on the economy in her first Spring Statement last week, promising no further tax rises and a commitment to her earlier pledge of only one major fiscal event per year. Income Tax, employee National Insurance contributions and VAT remain unchanged, with the focus of the Statement being on economic growth.

We continue to see the popularity of hybrid working and many more people are working from home regularly in the post lockdown era, whereas pre 2020 this may not have been an option. This might lead to a small but worthwhile tax saving opportunity.

If you have your own business and usually have amounts owing to you by your customers, you could be in for a pleasant surprise when your tax bill is calculated for tax year 2024/25.

After seven years of dedicated service, our friend and team-mate Emma Pullin is leaving our firm to pursue an exciting new opportunity in industry.

Wishing all of our clients a restful and happy Christmas, and a healthy and prosperous New Year.