VAT Threshold
Minimum Wages’ Increase
The annual rise of the National minimum wages is set to take place on the 1st of April 2023. This rise is one of the largest yet coming at an essential time due to people feeling increased pressure with the current cost of living crisis.
Construction Industry Scheme (CIS)
Minimum Wages’ Increase
The annual rise of the National minimum wages is set to take place on the 1st of April 2023. This rise is one of the largest yet coming at an essential time due to people feeling increased pressure with the current cost of living crisis.
Minimum Wages’ Increase
Minimum Wages’ Increase
The annual rise of the National minimum wages is set to take place on the 1st of April 2023. This rise is one of the largest yet coming at an essential time due to people feeling increased pressure with the current cost of living crisis.
Autumn budget 2022
Corporation Tax
The rise of corporation tax has been re-established from April 2023, if your profit is greater than £250,000 then the rate will increase from 19% to 25%. Businesses with profits less than £50,000 will remain at the standard 19%.
HMRC used eBay data to estimate turnover
His Majesties Revenue and Customs have confirmed that any tax-payers who have not informed them within 60 days of selling a residential property that they must do so now. Even if they have included this on their self-assessment forms.
Get your Capital Gains statements done within 60 days of selling a residential property
It is well known that the failure of a businesses could have been avoided if the Directors, Shareholders or owners had been given the correct advice at the correct time.
Be careful what you put on your VAT return
A married couple, John and Beth Maddison, traded as River Farm, “subcontracting glam/camping, weddings and events.”
Phoebes’ Award
We are delighted that Phoebe Clarkson our young apprentice, has won the Employers choice award at this years’ Sheffield College Apprentices award event.
Can I liquidate my Company with a bounce back loan?
It is well known that the failure of a businesses could have been avoided if the Directors, Shareholders or owners had been given the correct advice at the correct time.
Rescue & Recovery
It is well known that the failure of a businesses could have been avoided if the Directors, Shareholders or owners had been given the correct advice at the correct time.
Beware of bogus callers
Many people are receiving calls and messages apparently from the Inland Revenue. There has been a huge increase just recently with many people being contacted by fraudsters and the outcome is that many people have lost large amounts of money.
Forensic Accounting
Frequently, during the lifetime of a business, it’s possible that you will become involved in a legal dispute over money. It could be any of the following…
Making Tax Digital and Self-Assessment
How will the changes in how you complete your self-assessment tax returns effect you? The changes will happen in April 2024 and most people who are registered for self-assessment will be caught up in the new regulations.
New tax penalty scheme
HMRC has confirmed that their new points-based penalty scheme will come into effect from 1st April 2022. This will apply to all tax payers for VAT, Corporation Tax and Self-Assessment.