Hello everyone, Hello everyone, this month we are covering Making Tax Digital, year-end planning and a note on HMRC compliance activity. As always, if there are any questions please let me know. Kind regards Simon Spring statementThe Spring statement is due on Wednesday the 26th of March, so we will be circulating a note on […]
March 2025 Update – MTD, Year-end planning and HMRC investigations Read More »
Hello everyone, Firstly as the end of January is fast approaching just a few reminders below on tax returns and tax payments required by the end of the month. Following on from the Budget in November, there is much to consider with tax increases and proposed reductions in inheritance tax reliefs. Finally we give advance
January 2025 Update – Tax payment, tax returns, IHT changes and advance holiday notice Read More »
Hello everyone After months of speculation, we finally know what this big budget includes. It appears we also know who has the broadest shoulders: business owners, ultra-high net worth individuals and investors, but thankfully not tiny business owners…Below we set out how the budget will impact people and in particular business owners. Before discussing the
Autumn Budget – not as bad as feared? Read More »
Hello everyone, summer seems to have finally arrived and we have a new government settling in which brings the prospect of potential changes in the forthcoming October budget. This month we cover current HMRC campaigns and known and expected tax changes, tax return key dates and an update on the firm’s charity of the year.
August 2024 Update – HMRC Campaigns, Tax Returns and October Budget Read More »
Hello everyone, we are now half way through the year and have a general election looming. In the midst of a summer of sport and hopefully improving weather there is still plenty to be done with tax returns to complete, July tax payments approaching and planning finances to take advantage of tax efficiencies. As ever,
July 2024 Update – Tax Returns, July payments, property sales and disclosure facilities Read More »
Hello everyone, we are now in a new tax year so we start off with the importance of tax returns and news of a prize draw…Details of important changes coming in and actions you should take this month on child benefit, pensions and national insurance. As ever, if there are any questions please do get
May 2024 Update – New Tax Year Read More »
Just the thought of an HMRC investigation can send shivers down the spine of any business owner, but fear not! We’ve got precautions and strategies to share with you that can significantly reduce the likelihood of finding yourself under HMRC’s microscope. They will also help guide you through an investigation smoothly. What is an investigation
How to protect your business from an HMRC investigation Read More »
The High Income Child Benefit Charge (HICBC) is a tax charge that claws back child benefit where the claimant and/or their partner has adjusted net income in excess of £50,000. As announced in the Spring Budget, the trigger threshold is to be increased from 6 April 2024, with the withdrawal rate being reduced from the
The High Income Child Benefit Charge: Changes for 2024/25 Read More »
Employers are required to pay workers at least the National Living Wage (NLW) or National Minimum Wage (NMW) for their age. The rates are increased from 1 April 2024. The NLW is extended to workers aged 21 and above from that date. Key dates Employers must pay workers the new NLW or NMW rate for
National Minimum and Living Wage: Changes from 1 April 2024 Read More »
March 2024 Budget Update The Winners and Losers The chancellor announced his spring budget on Wednesday 6th March 2024. There is a lot to digest and unpick. With a general election looming, it was clear that the chancellor had decided to put more money back into the pockets of working people. However, not much of
March 2024 – Budget Update: The Winners and Losers Read More »
