Latest Business Support news from East Riding of Yorkshire Council - 14/12/23

Latest Business Support news from East Riding of Yorkshire Council - 14/12/23

 

Company car advisory fuel rate
HMRC have published new advisory fuel reimbursement rates for employees’ private mileage in their company car. Suggested rates are from 1st December 2023. Previous rates can be used up to 1st January 2024.
For more details, please visit: https://www.gov.uk/guidance/advisory-fuel-rates

 

Expansion of cash-basis accounting
In order to make tax returns simpler for small businesses, cash-basis accounting is to replace the accruals basis for self-employed taxpayers and partnerships from April 2024. Currently, businesses with turnover below £150,000 are eligible to use cash-basis accounting. Cash basis will be the default position for all self-employed taxpayers, with no turnover restriction as business grows.
https://www.gov.uk/government/publications/expanding-the-income-tax-cash-basis-for-self-employed-individuals-and-partnerships/expanding-the-cash-basis

 

Events
Workshops in January include:

LinkedIn for Beginners: Tuesday 16th January 2024. A workshop that will look at developing personal brands on LinkedIn and helping your business to stand out on LinkedIn.

 

Discover Video Marketing Essentials for Your Business: Tuesday 24th January. Designed to provide practical insights into creating video content for different social media platforms.