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05 Jan 2022
HMRC ISSUES LAST REMINDER FOR 2020/21 PERSONAL TAX RETURNS. HMRC is reminding taxpayers that the deadline to submit 2020/21 personal tax returns through self-assessment is on or before midnight on 31 January 2022. Some 407,510 startups were created during the... Read more
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Insider January 202202 Dec 2021
The construction industry remains one of the UK’s key sectors, which also helps to underpin the UK economy, despite experiencing the effects of the COVID-19 pandemic. In September 2021, construction output grew by 1.3% on the previous month – placing... Read more
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Construction industry scheme update01 Dec 2021
Making Tax Digital for income tax (MTD for ITSA) looks certain to affect sole traders and landlords from April 2024, following the recent news of a one-year delay. This was the latest in a long line of delays and deferrals... Read more
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Making Tax Digital for income tax01 Dec 2021
A new levy on large residential property developers’ profits intends to raise around £2 billion over the next 10 years, starting from next spring. The ‘cladding tax’ will be a 4% tax on developers with company profits of £25 million... Read more
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Insider: December 202129 Oct 2021
As a business owner, you will find that few things in your line of work are as precious as your time – time that would be better spent doing something other than accounting. Many people come to us asking for... Read more
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Business tasks to outsource29 Oct 2021
Despite remaining complex, pensions offer you far more flexibility from the age of 55 (rising to 57 from 6 April 2028) than was once possible. If you are approaching 55, you might be feeling a twinge of trepidation or excitement... Read more
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Pension options at the age of 5529 Oct 2021
NICs will rise by 1.25% for employees, employers and the self-employed from April 2022 to fund the Government’s new health and social care levy. In some scenarios, employees and employers can get around this by striking a salary sacrifice deal... Read more
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Insider: November 202128 Oct 2021
Chancellor Rishi Sunak resisted temptation to raise taxes to start paying for the emergency support schemes that kept so many businesses afloat during the pandemic in 2020/21.
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Autumn Budget 2021 – Biggest rates cut in three decades
28 Oct 2021
As the country emerges from the COVID crisis, Chancellor Rishi Sunak announced in his Budget today real terms increases in spending for all departments and some tax changes. The Chancellor attempted to paint a positive picture for the future, with... Read more
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Chancellor announces tax and spending plans in Autumn Budget