It’s that time of year when the chancellor drags out his briefcase and baffles the nation with savings, rises, cuts and increases. Never fear Simply Office Solutions are here to demystify the budget and provide the bite size highlights. ISAs Lifetime ISA: This new ISA will be available from April 2017 for under 40s, with a maximum contribution and 25% bonus (essentially a secondary pension system). Standard ISA: The limit will rise to £20,000 in April 2017 (a reminder that

Often when you are self-employed, you live and breathe your work. Despite this, you cannot claim all your expenses; general rule of thumb is: IF IT IS NOT SPECIFICALLY FOR THE WORK YOU DO, YOU CAN’T CLAIM IT! This includes the coffees you get on your way to work, the gym to keep your stamina up, all your broadband and mobile costs. Here is a brilliant link to an HMRC website which explains what you can and can’t claim: Expenses if you're self-employed REMEMBER: Mobile phone -