Cyber-attacks are on the increase and smaller businesses are by no means immune. Have you been the victim of an online scam or cyber-attack? Or worried that something like that may happen? If so, a collection of resources from the National Cyber Security Centre (NCSC) could be helpful to you.…
In this edition we look ahead to Making Tax Digital for Income Tax, Capital Gains Tax, Loan Charge Review, Digital Sales Platforms, ATED, and upcoming dates on the accounting horizon – which include the date for the next Bank of England interest rate decision and the Chancellor’s Spring Forecast. MAKING…
It’s Friday 15th November, so hopefully it’s safe to start talking about the build-up to Christmas! From Monday 2nd December, we’ll be starting our Advent prize giveaway for our followers on Linked In. Every working day throughout Advent, there will be a prize sent to one follower of our Linked…
If you’re a new parent, congratulations! Apparently, around 2,000 babies are born on 26 September each year – more than any other day. Therefore, HM Revenue and Customs (HMRC) is reminding parents to claim their Child Benefit. A claim can be made online and the first payment could be received…
What employers and employees need to know As of 1st October, new laws are in place to ensure that workers keep 100% of the tips, gratuities, and service charges they earn. This is a major development for employees in sectors such as hospitality, where tipping plays a significant role in…
Understanding economic changes: How recent events affect businesses Data releases in recent weeks from the Office of National Statistics (ONS) coupled with Bank of England decisions might make recent news about the economy seem a bit confusing. Understanding how this news affects businesses is important so let’s break it down.…
How to defend your business from e-mail compromise E-mail phishing attacks that target senior leaders and finance personnel in the business are on the increase. The National Cyber Security Centre (NCSC) has published guidance aimed at helping small to medium sized businesses to deal with Business Email Compromise (BEC). The…
Unlock an extra £3,600 in State Pension Did you know grandparents, aunts, uncles and other family members can claim extra National Insurance (NI) credits for helping care for children? These credits can add up to £3,600 per year on your state pension! Who qualifies? Parents who don’t live with the…
Welcome to our February Tax Update In this edition we take a look at year-end tax planning, ISAs, pensions, CGT, more R&D changes on the horizon and paying your personal tax bill. YEAR-END TAX PLANNING It’s not too late to undertake some end-of-year tax planning. If you have some spare…
In recent weeks there has been a flurry of online activity discussing the new law that will require online marketplaces to report information about income made by their users to HMRC. The discussion has led to many people asking questions such as “Will I have to pay tax on the…