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PAYE

Source HMRC Employer National Insurance contributions and Employment Allowance changes announced at Autumn Budget 2024 At Autumn Budget 2024, the government announced changes to employer National Insurance contributions (NICs). The changes that will take effect from 6 April 2025 are: a reduction in the NICs secondary threshold an increase to the rate of secondary Class 1 NICs an

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VAT Flat Rate Scheme

Source: gov.uk Overview The amount of VAT a business pays or claims back from HM Revenue and Customs (HMRC) is usually the difference between the VAT charged by the business to customers and the VAT the business pays on their own purchases. With the Flat Rate Scheme: you pay a fixed rate of VAT to

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Autumn Budget

Source – HMRC Today the Chancellor of the Exchequer, the Rt Hon Rachel Reeves MP, made her Autumn Budget speech and set out the government’s plans to restore economic stability and fix the foundations of essential public services. Measures announced today include a number of changes that employers should know, and may need to take

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Autumn budget 2024

Source:  TaxCalc Employer National Insurance Contributions changes There are a number of changes to Employer National Insurance Contributions (NICs), including: Reducing the Secondary Threshold (ST) from £9,100 annual equivalent to £5,000 annual equivalent, then increasing it in line with CPI from 2028-29. Increasing the Employer NICs (ER NICs) rate from 13.8% to 15% (over the

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Beware – legally anyone can call themselves an Accountant

However, this does not mean that they are qualified for the task.  Choosing an Account 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

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How to identify HMRC related scams

Source – HMRC  Check what to look for first Use the following checklist to decide if the contact you’ve received is a scam. You can use it for phone calls, emails and text messages. It could be a scam if it: rushes you is threatening is unexpected asks for personal information like bank details tells

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Find the VAT accounting scheme for you

Source:  HMRC Whatever your knowledge of VAT may be – take advantage of our online help and support. Register for the following live webinars, during which you can ask questions using the on-screen text box: VAT – the basics and the VAT return During this live webinar, we’ll be discussing: • what VAT is and

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Requesting changes to VAT registration details

Source – HMRC From 5‌‌‌‌‌‌ August‌‌‌‌‌‌ 2024, any request to change your VAT registration details should be made using the VAT online account, and not by using the VAT484 form or any other postal or electronic means.  Using the digital route is quicker, more secure and will avoid any unnecessary delays. For customers that are

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Taking money out of a limited company

Source:  Gov.uk How you take money out of the company depends on what it’s for and how much you take out. Salary, expenses and benefits If you want the company to pay you or anyone else a salary, expenses or benefits, you must register the company as an employer. The company must take Income Tax

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Update on how to change your VAT registration details

Source – HMRC From 5‌‌‌‌‌‌ August‌‌‌‌‌‌ 2024, any request to change your VAT registration details should be made using the VAT online account, and not by using the VAT484 form or any other postal or electronic means.  Using the digital route is quicker, more secure and will avoid any unnecessary delays. For customers that are

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How National Insurance has changed in 2024

Source:  Sage Learn about the changes to National Insurance that are occurring in 2024 for employees and those who are self-employed. Following announcements by the government, there are changes in National Insurance occurring in 2024 for both employees and those who are self-employed. In this article, we detail the changes, and cover what employers and

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Changes to UK company law: changes to our fees

Source:  Companies House We increased some of our fees on 1 May 2024. Companies House fees are set on a cost recovery basis. This means our fees must cover the cost of the services we deliver. We do not make a profit on our fees.   Our fees fund our ongoing operations and new activities

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New rules for company names

Source:  Companies House We’re running stronger checks on company names which may give a false or misleading impression to the public. This will help us improve the accuracy and quality of the data we hold and help tackle the misuse of company names. Our new powers to challenge and change company names We can now

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New rules for registered office addresses

Source:  Companies House Under the Economic Crime and Corporate Transparency Act, there are new rules for registered office addresses.  Companies must now have an ‘appropriate address’ as their registered office at all times. An appropriate address is one where: any documents sent to the registered office should be expected to come to the attention of

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Beware – legally anyone can call themselves an Accountant

However, this does not mean that they are qualified for the task.  Choosing an Account 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

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Refund Policy

For online payments taken via the Invoice Payment page, no refunds can be given as payment is only taken after my service has been provided.