Posted in PAYE, Tax
March 5th, 2021
Allowances and thresholds update for 2021/22 Personal allowance £12,570 Basic rate band £37,700 Blind person’s allowance £2,520 Married couple’s allowance (born before 6/04/35) £9,125 Income limit for age-related allowances £30,400…
Posted in Tax
March 5th, 2021
Following this weeks Budget, many of our clients are requesting further guidance. At this moment in time, we are awaiting more details set to be released next Thursday. May we…
Posted in PAYE
March 5th, 2021
It was announced this week as part of the Budget that the CJRS furlough grant scheme has now been extended to 30 September 2021. Employees will continue to receive 80%…
Posted in Tax
March 5th, 2021
Following the announcement earlier this week, it has been confirmed that two further grants will be issue to eligible self employed individuals. Most importantly, the assessment period for these grants…
Posted in Accounting, COVID-19, PAYE, Tax
March 5th, 2021
Following the Chancellor’s Budget on Wednesday, we have updated our resource page for our spring newsletter. Focusing mainly on the budget. If you haven’t taken a look already, download now.…
Posted in VAT
March 2nd, 2021
As the new DRC VAT scheme started yesterday, any clients on Xero that fall under the reverse charge for CIS ruling will need to update their tax codes on Xero,…
Posted in VAT
February 23rd, 2021
From 1 April 2021, over 1 million UK VAT registered businesses face new MTD obligations, with penalties threated for the first time. The changes only apply to UK VAT registered…
Posted in COVID-19, Tax
February 19th, 2021
Today HMRC has announced that Self Assessment customers will not be charged the initial 5% late payment penalty if they pay their tax or make a Time to Pay arrangement…
Posted in COVID-19, PAYE
February 19th, 2021
Claims under the Coronavirus Job Retention Scheme (CJRS) are now open for pay periods in February 2021. Claims for January are now closed, but if you find you need to make…
Posted in Xero
February 5th, 2021
Calling all Xero on the go users! If you use the Xero app on your android or ios device there have been some time saving updates. You can now reconcile…
