"Chartered Accountants Weston-super-Mare"

Welcome to our latest round-up of the latest business and tax news for our clients. Please contact us if you want to talk about how these updates affect you. We are here to support you!Have a good weekend.Kind regards, Steve Steven Hillman BSc (Hons) FCAChartered AccountantTel: 01934 444100https://www.hillmans.co.ukUnleash the power of generative AI: A potential game-changer for your businessAs accountants, we understand the importance of leveraging technology to drive efficiency and innovation in business operations. In this article we will introduce you to the concept of generative artificial intelligence (AI) and the transformative power it could have for your business.Now, you might be wondering, what exactly is generative AI? In simple terms, generative AI is a type of artificial intelligence that can create new content, such as images, text, or even music, based on patterns and examples it has learned from existing data. Think of it as a creative assistant that can help

5th April 2024 – Hillmans Weekly UpdateWelcome to our latest round-up of the latest business and tax news for our clients. Please contact us if you want to talk about how these updates affect you. We are here to support you!Have a good weekend.Kind regards, Steve Steven Hillman BSc (Hons) FCAChartered AccountantTel: 01934 444100https://www.hillmans.co.ukHAPPY NEW TAX YEARIn this week's update we highlight some of the key tax changes that take effect from the start of the new tax year. Unfortunately, most of the income tax and national insurance thresholds continue to be frozen, resulting in an increasing number of higher rate taxpayers. The major exception is the welcome increase in the threshold for the High Income Child Benefit Charge (HICBC). The further reduction in the rates of national insurance contributions for employees and the self employed will take effect from 6 April and is a move towards a possible future abolition.The self-employed will see important chan