HMRC estimates that the move could boost cash flow for self assessment customers by £11.8 billion. The UK tax body HMRC is reminding taxpayers that anyone who has difficulty paying their second 2019/2020 self assessment payment on account can defer the payment until 31 January 2021. Around 2.7 million taxpayers are eligible for deferral, of which 1.3 million are self-employed. […]
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On the 25 March 2020, Chancellor Rishi Sunak announced the Self-Employment Income Support Scheme (SEISS). This allowed HMRC to calculate and provide an appropriate taxable grant to self-employed individuals ‘whose livelihoods are adversely affected by coronavirus’, based on their average income. The news was well-received. There had been concern that the self-employed would need to wait […]
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The government have introduced unprecedented help for businesses and further measures are in the pipeline. This link gives more information: https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses Please call and speak to your normal contact if you would like to talk these through.
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The new chancellor of the exchequer, Rishi Sunak, has been in post for less than a month following the resignation of his predecessor. He has been catapulted into the hot seat just as the government attempts to deal with the triple whammy of coronavirus, the effects of several major winter storms and the ongoing negotiations […]
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Pension planning can be a crucial part of ensuring a secure and comfortable retirement. The sooner you invest in a pension the more you will have available to make the most of your retirement. As a business owner, pension planning should be part of your overall planning for how best to finance your business and […]
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The popular image of an accountant is of someone with an encyclopaedic knowledge of tax rules who spends their days tapping figures into a calculator. But these days, the truth is somewhat different Much of the number crunching traditionally performed by accountants can now be handled by decent accounting software. You can use this to automate […]
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The “Becoming an employer” online e-tutorial from HMRC will take you through the whole process at your own pace and give you all the information you’ll need when you become an employer for the first time. It even includes helpful tips and case studies from others who have been there before. Becoming an employer – […]
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The Chancellor has presented his Spring Statement to Parliament – here’s a summary of what he said. What you need to know about the Spring Statement Economy The government’s efforts to build a stronger, fairer economy are paying off. The economy remains resilient, and is forecast to continue growing: there have been nine consecutive years […]
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Self Assessment Tax due 31st January. HM Revenue and Customs (HMRC) must receive your tax return and any money you owe by the deadline. The last tax year started on 6 April 2017 and ended on 5 April 2018. Self Assessment Deadline Register for Self Assessment if you’re self-employed or a sole trader, not self-employed, or registering a […]
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This year our Christmas Opening hours will be Monday 24th: 9 – 5 Tuesday 25th : Closed Wednesday 26th : Closed Thursday 27th : 9 – 5 Monday 31st : 9 – 5 Tuesday 1st : Closed normal hours to resume from the 2nd January
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