One of the announcements by HMRC at the start of the coronavirus pandemic was the introduction of emergency measures to help those affected by COVID-19 using the existing Time to Pay service. Many businesses and self-employed people with outstanding … Continue reading Spreading the cost of your tax bill
HMRC has confirmed that more than 10.2 million people submitted their 2020-21 Self-Assessment tax returns by the 31 January deadline. This leaves over 2.3 million taxpayers or 19% that have missed the deadline and are yet to file. Are you among those … Continue reading Did you miss the self-assessment deadline?
The costs of keeping the country running through covid were huge and inflation is expected to add to the country’s debt. The Office for Budget Responsibility has indicated that the treasury will need to find £45bn in interest, before even thinking … Continue reading Personal tax planning ahead of April
The government’s housing delivery agency helps to build homes across England and encourage innovation, both in the kind of homes that are built and the way they are delivered. They do this in two ways: by providing development finance to small … Continue reading Funding support for new residential-led development
A company might have a great product or service but without a business growth strategy to help it define, articulate, and communicate where it is going, it may not grow at all! A growth strategy starts with identifying and accessing opportunities … Continue reading What’s your growth strategy?
The introduction of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) is now set to commence from April 2024. MTD for ITSA will fundamentally change the way businesses, the self-employed, and landlords interact with HMRC. The regime will … Continue reading Making Tax Digital Update
Following the recent increase in the Bank of England base rate from 0.25% to 0.50% HMRC has announced there will be changes to the rates of interest they charge. The BoE’s Monetary Policy Committee voted 5-4 in favour of raising interest … Continue reading Changes to HMRC interest rates
The registrar of companies has a range of significant powers that apply to all companies and LLPs. The registrar's powers include: deciding on the form, manner of delivery and authentication of documentsentering into an agreement with companies … Continue reading What are the rules and powers of the Companies House registrar?
The Chancellor, Rishi Sunak delivered a statement to the House of Commons on 3 February 2022 announcing a number of measures to help people cope with fast rising energy costs. Record increases will see a 54% jump in the energy price cap from 1 … Continue reading Support with rising energy bills
Newly self-employed taxpayers should notify HMRC as soon as practicable when they begin working for themselves. However, HMRC must be officially notified by 5 October following the end of the tax year so that a Self-Assessment return can be issued on … Continue reading What are your responsibilities when going self-employed?
Being in a position to take on your first employee is an exciting time as it usually indicates hitting a forecast target, and recognising a need for you to be working on rather than in your business. However, it comes with it's own rules and … Continue reading What do you need to do when employing staff?
Businesses that invest in training their team enjoy greater employee retention and the right training can also have a positive effect on your profit margins. To build a high-performing organisation, you need to plan for sustained learning. … Continue reading How can businesses train their teams of people more effectively?