Welcome to the July 2023 Tax Update. In this edition we take a look at Super Deduction’s replacement, the extended deadline for topping up NI contributions, the VAT flat rate scheme, working from home, school fees plans, and this month’s events on the accounting horizon. If you need any help…
Beware of e-mails that look as though they have come from HMRC offering a tax rebate! One of our clients has just brought to our attention an e-mail they have received that looks like it has come from HMRC, saying that after a recalculation, they could claim an amount back…
This weekend HMRC unexpectedly and with no prior warning, closed their Self-Assessment phone line until the 4th September. Please bear with us during this period, as it will be difficult to deal with any issues that need to be referred to HMRC. To visit our Self-Assessment Tax page CLICK HERE…
National Minimum Wage 2023 rate reminder for employers: Summer Staff All workers are legally entitled to be paid the National Minimum Wage (NMW). This includes temporary seasonal staff, who often work short-term contracts in bars, hotels, shops, and warehouses over the summer. The National Minimum Wage hourly rates from 1…
Welcome to the June 2023 Tax Update. In this edition we take a look at share options for employees, HMRC’s rate of interest, employee’s private fuel, advisory fuel rates for company cars, and this month’s events on the accounting horizon. If you need any help or advice on any of…
Businesses need to be vigilant and take steps to manage cyber risks effectively. Cyber-attacks are on the increase and it’s not just large, international corporations that are being targeted. As businesses increasingly rely on technology for their day-to-day operations, they are also exposed to new and evolving cyber risks. Cyber-attacks…
Genuine HMRC contact and recognising phishing emails Find out about methods fraudsters use to try and get your personal information by viewing examples of scams identified by HMRC. HMRC will sometimes contact customers by telephone, email, letter, and also sometimes use research companies to contact customers. If you’re not sure…
With the uncertainties surrounding the economy, it’s an ideal time to be thinking about financial stability. So, if we want to provide those we love with security, it’s best to think long-term. The pandemic and the current increase in the costs of living show all too clearly that good health, and…
Welcome to the March 2023 Tax Update! In this edition we look ahead to the Spring Budget, ‘nudge’ letters from HMRC about R&D claims, penalties for errors in tax submissions, the updated advisory fuel rates for company cars and key dates on the Accounting Horizon. Will the Spring Budget Stimulate…
For limited companies, when it comes to making decisions, Company Law states shareholders who own more than 50% can pass a motion at a company meeting regardless of the views of other shareholders and if a shareholder(s) owns 75% or more of the shares they control the company outright and…