28th October 2021 / Tax
What will the 2022/23 Tax year look like for you?
With the Covid-19 virus continuing to impact upon our lives and with issues surrounding rising food prices and heating costs, the Universal Credit squeeze and labour shortages in certain sectors, up stepped the Chancellor of the Exchequer, Rishi Sunak, to deliver his second Budget this calendar year.
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15th September 2021 / Tax
The New Health & Social Care Levy
We've summarised the key and what we believe are salient points from the new Health and Social Care Levy announced by Boris Johnson recently.
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31st August 2021 / Tax
Phase two of Making Tax Digital for VAT is fast approaching
VAT registered businesses with a turnover of less than £85,000 will now need to switch over to Making Tax Digital. Any business that is VAT registered needs to be aware of the requirements. We can help and we have summarised the process.
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24th August 2021 / Tax
How might IR35 and Off-Payroll Working affect me or my business?
Are you self-employed in any way and do you provide services to another business? If so then it is important that you familiarise yourself with the IR35 criteria and the off-payroll working rules.
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24th August 2021 / Tax
Self-Employed? The Deadline to Make Tax Digital is approaching
Making Tax Digital will be coming into effect from April 2023 and it will be compulsory. You can voluntarily sign up for this now though. But who will it impact and, if you complete a self-assessment tax return what does this mean for you?
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7th June 2021 / Tax
The VAT deferral deadline is 30th June 2021
This year the UK Government allowed businesses to defer their VAT bills and instead pay in instalments. This scheme finishes on 21st June 2021 and you will need to make a decision on payment going forward to avoid incurring a penalty.
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3rd June 2021 / Tax
Everything you need to know about HMRC's "Making Tax Digital"
HMRC have ambitions to be the most digitally advanced tax administrations in the world. Businesses have been switching since 2019 and will continue to do so for the next couple of years.
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24th May 2021 / Tax
The dog ate my return...and other excuses
Now that P60's are being sent out, it's time to start thinking about completing your tax return. Getting organised now will save you a lot of trouble and stress further down the line. As we've said before, HMRC aren't the most sympathetic when it comes to errors, no matter how creative your excuse is...
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4th May 2021 / Tax
Have your staff been working at home due to the Covid-19 pandemic?
When the pandemic hit the UK, a huge amount of people were suddenly required to work from home. In response, HMRC broadened the criteria on who could claim tax relief. Businesses need to keep in mind though, the change was only temporary and we should expect to see them reverting back as the pandemic eases.
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