Source: QuickBooks The Chancellor Jeremy Hunt delivered his Spring Statement to Parliament on 06 March 2024. Some of the key initiatives that may impact both your clients are listed below. There was a lot of ground covered in the Chancellor’s Spring address to Parliament, and the following list is not extensive of all the announcements
Source: taxcalc.com During what could be Jeremy Hunt’s final budget before a general election, and possibly his final budget ever, some of us at TaxCalc HQ were anticipating a plethora of vote-grabbing giveaways to turn the tide on the Conservative Party’s popularity woes. This anticipation only being heightened by increased speculation in some circles that
Source: HMRC All employers need to be aware that National Living and Minimum Wage rates are increasing on 1 April 2024. Also, the National Living Wage will be extended to workers aged 21 and over (previously only for age 23 and over). All employers should ensure that their workers are paid correctly, according to the
Source: HMRC If you’re paying expenses and providing benefits to your employees – including directors – find out how it affects tax and National Insurance. Register today to join our live webinars, during which you can ask questions using the on-screen text box Expenses and benefits for your employees – if your employees have more
Source: Sage Cash is the lifeblood of any business and being paid on time is essential to keeping it flowing. This starts with your invoices—documents that list the goods/services you’ve provided and how much is owed—aka the ‘bills’. You’ll need a well-designed invoice to make a good impression on customers. And whether you’re a sole trader,
Source: HMRC It doesn’t matter whether you’re new to VAT or just fancy a refresher, take advantage of our online support for the latest information – including the following live webinars. You can ask any questions you may have by using the on-screen text box. VAT Accounting Schemes We’ll be covering: The Cash Accounting Scheme
Source: HMRC If an employee becomes a parent or falls ill, join our live webinars to get the latest information – including dates and rates – to make sure you’re paying the right amount at the right time. If you have any questions, you can ask them by using the on-screen text box. Statutory Sick
Source: Companies House The Economic Crime and Corporate Transparency Act became law in October 2023. Since then, we’ve been getting ready to introduce the measures brought in by the act. We’re aiming to introduce the first set of changes on 4 March 2024. The introduction of these changes needs secondary legislation so this date is
All limited companies, whether they trade or not, must deliver annual accounts to Companies House each year. This includes dormant companies. If you’re due to file accounts with us by the end of the month, do not let the December rush catch you off guard. Allow plenty of time before the deadline and use our
Source: HMRC If your employee becomes a parent or falls sick, we can help you sort out your ‘qualifying weeks’ from your ‘periods of incapacity for work’ with the following live webinars. You can also ask any questions you may have by using the on-screen text box. Statutory Sick Pay We’ll cover: The qualifying conditions
Source: Croner-i Ltd 2024 is set to be a busy year for employers and their HR teams, with various new employment laws set to come into force. And with the Government’s announcement of the new National Minimum and Living Wage (NMW/NLW) rates, applicable from 1 April 2024, along with new rights to paid leave (neonatal
If you’re new to VAT or simply want to refresh your knowledge, HMRC’s online support can provide the support you need. Register today and join our live webinars – during which, you can ask any questions you may have by using the on-screen text box. For information, please note that the following webinars won’t be
Souce: HMRC Get the latest information about paying expenses and providing benefits to your employees – including directors – and how it affects tax and National Insurance. Register today to join our live webinars, during which you can ask questions using the on-screen textbox Expenses and benefits for your employees – travel This webinar provides
Source: HMRC Tax Credits are coming to an end and you will be asked to apply for Universal Credit instead. You won’t be moved automatically from Tax Credits to Universal Credit, so look out for a letter called a ‘Universal Credit Migration Notice’ explaining what you’ll need to do and by when. Our records show
Source: The QuickBooks Team On Wednesday 22nd November 2023, Chancellor Jeremy Hunt shared his Autumn Statement with Parliament, and we’ve rounded up some of the key topics that may impact your clients. The Chancellor claims to have included 110 growth measures in his Autumn Statement that aim to combat red tape, support entrepreneurs, unlock UK
Source: HMRC The Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, made his Autumn Statement speech. The Autumn Statement package sets out a number of tax measures designed to strengthen economic growth through supporting British businesses and increasing the number of people in work. The statement also announces a range of administrative changes
Source: HMRC As part of Talk Money Week, we want to let you and your employees know about services available online and in the HMRC app that can help boost and manage their finances. For example, where money can be claimed back, it’s free to claim directly through HMRC’s online services and is the only
Source: SAGE As a sole trader or freelancer, it’s crucial to understand your basic allowable expenses—even if you’re paying an accountant to help with your tax return. You can claim tax back on some of the costs of running your business—what HMRC calls allowable expenses. These appear as costs in your business accounts deducted from the
Source: HMRC Whether you’re new to VAT or would like to refresh your knowledge, take advantage of our online support for the information you need – including the following live webinars. You can ask any questions you may have by using the on-screen text box. Please note that the following webinars won’t be covering all
Source: HMRC Whether you’re new to payroll or just fancy a refresher on reporting information and director’s payroll, join our live webinars for the latest information and tips. If you have any questions, you can ask them by using the on-screen text box. Company directors – payroll and you We’ll be covering: the tax and
Understanding the right to work and minimum wage eligibility Source: HMRC All employers in the UK have a responsibility to prevent illegal working. You do this by conducting simple right to work checks before you employ someone, to make sure the individual is not disqualified from carrying out the work in question by reason of
Source: HMRC Find out about changes and issues that may affect how you use the Corporation Tax online service to file your Company Tax Return. We are aware some customers may find there is a delay in receiving their return submission response when submitting their CT600 form online. You may notice these delays more at
Source: HMRC Please note that the following live webinar is only for those VAT-registered businesses operating in the construction sector. How to apply the VAT reverse charge for construction services This webinar provides information about: When to apply the VAT reverse charge How to show the reverse charge on your invoices What to do if
Source: HMRC If your employee becomes a parent or falls sick, find out the amount of statutory payments they’re entitled to by joining the following live webinars. If you have any questions, you can ask them by using the on-screen text box. Statutory Maternity and Paternity Pay Find out about: the qualifying conditions how much
However, this does not mean that they are qualified for the task. Choosing an Accountant is not a task to undertake lightly. The term Solicitor, Independent Financial Adviser (IFA), Architect, these are protected, unlike the term Accountant, which is not protected. There are no restrictions for protection for the term Accountant, therefore, anyone can decide