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Spring Statement 2022 – a summary for business owners

The Chancellor, Rishi Sunak, delivered his Spring Statement yesterday which was keenly anticipated by business owners who find themselves challenged by the ‘cost of living crisis’. The context of delivering such a statement with the situation in Ukraine looming large in global consciousness meant it was not the time to introduce more tax rises (other than those previously announced) and worry the UK population even further.

We’ve put together a guide for you which you can download below covering all the key points from yesterday’s statement.

We also draw your attention to the following five issues to keep under review for you and your business:

  • The alignment of personal allowances and NIC thresholds is helpful and is part of HMRC’s plan to simplify tax – and all employees can benefit.
  • An increase in the employment allowance to £5k (from £4k) is also appreciated by our clients.
  • A 5p reduction in fuel duty, for those who haven’t already switched to electric vehicles, is good.
  • Whilst there was some concern (in advance of his speech) about potential changes to other taxes such as R&D rules, again the timing of this was not appropriate, and therefore it is unchanged.
  • The Chancellor indicated that there would be a future income tax reduction to 19% (from 20%) – but I wouldn’t see this as a certainty – more to do with winning votes in the future.

DOWNLOAD OUR SUMMARY HERE OR CLICK ON THE IMAGE BELOW.

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Graduate Internships at Alexander Knight & Co

Accountancy Internships

If you are a recent graduate looking for a career in accountancy (or you are going to graduate in 2022) you can apply now to join our Graduate Internship.

As well as providing you with the opportunity to add valuable work experience at our leading accountancy practice to your CV, you’ll also gain practical and personal skills in a professional accountancy-based setting and potentially, even get the opportunity to become one of our permanent graduate professionals.

We welcome applications from graduates who meet the minimum criteria (set out below) from the full range of academic disciplines. This scheme is not just designed for people who have accountancy/business/finance qualifications.

We firmly believe that the accountancy firms of the future will have a blended approach to the skills they offer to their clients. We are a diverse employer and welcome applications from graduates from a wide variety of backgrounds.

Our four week paid graduate internship gives you the opportunity to immerse yourself in the AK&Co culture and offers you the perfect springboard for success as an accountant in 2022.

If you are passionate about pursuing a career in accountancy and you are fascinated by the prospect of working with – and on behalf of – our growing client base of successful entrepreneurs and business leaders – apply now.

Minimum requirements

  • A 2:1 degree at a UK university
  • 3 A-levels (A*-B)
  • 9-7 in Maths & English at GCSE level or equivalent

The 3-step application process:

  1. Review of your CV and a brief covering letter

      Please send this to Alison Spier (alison@alexanderknightaccountants.co.uk)

      (Only successful candidates will receive a reply)

 

  1. An invitation to a meeting to discuss your career aspirations 

 

  1. Acceptance onto our Graduate Internship.

           A date will be arranged for you to join us for two weeks.

 

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