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With the Autumn Budget 2024 around the corner, speculation about potential tax changes is gaining momentum. With potential changes that could affect your take-home pay, business profits, and future investments, staying informed about these predictions is crucial. As we approach the release of the 2024 Autumn Budget, many self-employed individuals, business owners, and directors are eager to understand what lies ahead. In this guide, we’ll explore the key  Autumn Budget 2024 predictions  and what these potential changes mean for you. Whether you’re a freelancer, contractor, or small business owner, these forecasts will help you stay ahead of the curve. Autumn Budget 2024: Potential Tax Changes Based on the current discussions and expert analysis, here are the key predictions around the upcoming budget. These predictions focus on both business and personal tax changes that could come into effect for the 2024/2025 tax year. 1. Corporation Tax With the  corporation tax  rate already set at

  Managing your finances begins with understanding how much of your salary you actually take home after taxes and deductions. Whether you’re employed or self-employed, taxes are a major part of your earnings, and they can vary based on your income, tax code, and other factors like pension contributions and student loans.  Our  Salary and Tax Deductions Calculator  helps you estimate your take-home pay and tax. Whether you’re negotiating a new salary or planning your finances, a salary and tax deductions calculator can give you a clear view of what you’re taking home. It’s ideal for employees who want to get a better understanding of their finances, plan for future expenses, or ensure they are on the right tax code. What is a Salary and Tax Deductions Calculator? A salary and tax deductions calculator helps you estimate how much money you’ll take home after all the necessary taxes and deductions. Whether you’re employed, self-employed, or a contractor, this tool is designed to consider

  As a business owner, freelancer, or self-employed individual, every penny counts, especially when it comes to managing expenses. One of the most common ways to reduce your tax bill is by claiming mileage allowances for business-related travel. If you use your personal vehicle for work purposes, you may be entitled to claim tax relief on the miles you drive. Our  Mileage Claim Calculator  for 2024/25 is designed to help you estimate your potential savings and ensure you aren’t leaving money on the table. Why You Should Track Your Mileage for Business Keeping track of your business mileage is crucial for several reasons. Whether you’re self-employed, a contractor, or even a sole trader, the UK government allows you to claim a specific rate per mile driven for work purposes. This can significantly reduce your taxable income, effectively lowering your tax bill. In 2024/25, HMRC has set mileage rates for cars, vans, motorcycles, and bicycles that you can use to claim relief. By using Mile