Our Blog
Basis Period Reform – what it is and how it could affect you
Unincorporated businesses – including sole traders, trusts and those businesses working as partnerships, and anyone else that pays tax on trading income – face a major change that will affect the way and the time they are taxed on their profits. The so-called...
MTD D-Day has arrived – Here’s how to make sure you comply
Anyone filing VAT returns from April 1, 2022 onwards now has to file their return digitally as HMRC’s Making Tax Digital reaches its next phase. All businesses registered for VAT – even if they have turnover below the threshold – must file their returns this...
Bank of England (BoE) base rate rises to 0.75% – What it means for consumers and businesses
The Bank of England base rate rose to 0.75% in March in response to ConsumerPricesIndex inflation rising to 5.5% – almost triple the BoE’s target of 2%. If you are unsure about whether your money is working as hard for you as it could, then please feel free to get in touch and we will help you in any way we can.
Strong Customer Authentication (SCA) rules – What they Mean for Businesses and Consumers
From 14 March 2022, any transaction that is not SCA compliant will be declined, which would be costly to retailers. If you are still having problems with this for your business, then you urgently need some help.
Reclaim Married Couple’s Allowance before 5 April
Married Couple’s Allowance can be transferred between spouses and civil partners, and while 2m couples have claimed this since it was introduced back in 2015, there are many more people who are entitled to claim it. Go back four years The allowance, which is worth up...
Spring Statement Round-up
The Chancellor’s Spring Statement on March 23 was limited on giveaways, but there were some measures designed to help people struggling with the highest rates of inflation in 30 years.
End of year tax planning – what you need to consider
Putting your savings and investments into an ISA wrapper allows the funds to grow free of tax, and when you take those funds out at the other end, you don’t pay any tax on them then either. You can spread this across a number of different types of ISAs
Stamp Duty Land Tax – Why this will increase as house prices rise and what you can do to reduce it
Stamp Duty Land Tax (SDLT) receipts were somewhat skewed in the last year as the SDLT holiday for properties worth up to £500,000 was phased out on June 30, 2021, and the holiday for properties worth between £125,000 and £250,000 ended on September 30. These...