Tax Update – November 2022
This month’s Tax Update focuses on the Government’s U-Turns from 23rd September’s plans in order to steady the financial markets.
Business Advice
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Self-Assessment: Be Alert to Potential Scams
HMRC is urging their Self-Assessment customers to be vigilant of fraudsters and scams asking for personal information or bank details.
Tax Update – October 2022
This month’s Tax Update is understandably focused on the recent mini-budget announced by the Government to stimulate economic growth.
UK Intellectual Property Protection Abroad
To protect your intellectual property outside of the UK, you usually need to apply in each country you want protection in. Intellectual property (IP) rights are territorial. They only give protection in the countries where they are granted or registered. If you only have UK protection, others may be allowed to…
September ’22 Mini Budget Summary
On Friday 23rd September 2022, the Chancellor Kwasi Kwarteng announced a series of growth measures that the Government thinks will help businesses and households get through this winter and beyond. The chancellor announced: The 1.25% percentage point rise in National Insurance contributions will be reversed from 6 November 2022 and…
Tax Update – September 2022
Back to School – Childcare Vouchers or Tax-Free Childcare Account? Read more on our recent Blog Post, CLICK HERE>>> Tax-Free Help Paying for Childcare Self-employed Need to Plan for BIG Tax Bills in 2023/24 The changes to the basis of assessment of self-employed profits are scheduled to change from 6…
Tax-free help paying for Childcare
Back to School - childcare vouchers or tax-free childcare account? We take a look at which government scheme is right for employers and staff.
Making Tax Digital for Property Landlords
You will probably be aware that Making Tax Digital (MTD) became compulsory for all VAT registered business (regardless of turnover) in April of this year. The new rules require all qualifying businesses to use HMRC compliant software such as Intuit QuickBooks, Xero, Sage, Dext with Receipt Bank or FreeAgent, etc.,…
Tax Update – August 2022
Prime Minister Candidates and Possible Tax Cuts With the departure of Boris Johnson, the contenders as leader of the Conservative Party and Prime Minister (PM) have now been whittled down to the last two – Rishi Sunak and Liz Truss. Whoever wins will need to appoint a new chancellor and…
Making Tax Digital – Working Towards April 2024
MTD for income tax – Quarterly information to be reported by businesses Making Tax Digital (MTD) for Income Tax will apply to sole traders, property landlords and certain other businesses with gross turnover and/or property income over £10,000 a year and will commence in April 2024. The system will then…