Covid-19 Support for the Self-employed The Chancellor of the Exchequer has announced temporary and targeted measures to support people and businesses through the period of disruption caused by COVID-19. This includes a package of support for those who are self employed including a Self-employment Income Support Scheme and through deferring Self-Assessment payments on account Deferring […]
30
Mar
Mar
As a result of COVID-19, deferral of VAT payments is now an option after The Chancellor of the Exchequer announced temporary changes to VAT payments due between 20 March 2020 and 30 June 2020. It is hoped that this will help businesses manage their cash flow. What this means in practice is that all UK […]
23
Mar
Mar
We’re nearing that time of year again. Some people dread it but there are things that can be done now to ensure the entire process goes much more smoothly. Get ahead with these tips. Payroll Software If you’re an employer you’ll most likely be paying your employees through payroll software. In preparation for the end […]
09
Mar
Mar
New Chancellor Rishi Sunak will deliver his first budget on Wednesday 11th March but there are some things that we know will happen even before he does. Tax Rates The Government have already promised there will be no rise in the rates of Income Tax, VAT or National Insurance before 2025 meaning rates will stay […]
02
Mar
Mar
The Making Tax Digital for Income Tax pilot is now available on a voluntary basis. Businesses can sign up if they are a sole trader with income from one business and/or are landlords (except those with furnished holiday lettings). If a business that signs up to the pilot has no other income to provide to […]
24
Feb
Feb
As of the 1st of April 2019 VAT-registered businesses with a taxable turnover above the VAT registration threshold (£85,000) need to keep digital VAT records and submit their VAT return to HMRC using Making Tax Digital-compatible software. This was made mandatory for VAT return periods starting on or after 1 April 2019. Taxable turnover includes […]
17
Feb
Feb
With horizontal hail and gale force winds Storm Ciara has provided me with a timely reminder of why I decided to build a gym. I could probably soldier on in the shed but it’s pretty rubbish on days like today. Not only does it rain and snow inside but simply getting to it results in […]
03
Feb
Feb
So I decided to build a gym. For around 5 years I’ve trained in a shed I built around 10 years ago. And it’s been ok and to be fair I’ve made pretty good progress. But it leaks. So it gets wet. And cold. And sometimes it snows. Inside. And that doesn’t bother me. At […]
20
Jan
Jan
Self Assessment Deadline The Self Assessment deadline is the 31st of January 2020 for the tax year 2018/19. Many people find completing their self assessment tax return daunting and time consuming. Some 700,000 failed to submit it to HMRC by the on-line Self Assessment deadline (31st January) in 2019. Make Sure you are not […]
13
Jan
Jan
Happy new Year It’s a new year. And I, for one, am really looking forward to it. Last year was a really busy one. Like, crazy busy. Aside from my day job as an Accountant there was lots of work to do. Part of that was my own fault. Apart from all the home maintenance […]
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