by David Winfield | Oct 4, 2021 | Accounting News, Uncategorized
HMRC has explained the circumstances in which it will consider not charging a late payment penalty under the new regime. What’s the full story? New penalty rules recap. The new regime for penalties for late tax payments will be phased in from April 2022 starting with...
by David Winfield | Sep 20, 2021 | Accounting News, Uncategorized
Boris Johnson has announced that NI and dividend tax rates will be hiked to help fund social care and clear the NHS backlog. Who will be affected and by how much? Firstly, NI rates will increase by 1.25% from April 2022. This will apply to both primary and secondary...
by David Winfield | Aug 16, 2021 | Accounting News, Uncategorized
Whilst the Finance Bill 2021 was relatively low key, one announcement might mean a year has been slashed from a crucial Making Tax Digital (MTD) deadline for many unincorporated businesses. What’s the full story? A major aim of MTD is to bring the payment date for all...
by David Winfield | Jul 19, 2021 | Accounting News, Uncategorized
Your accountant has suggested transferring your business to a limited company to save tax and NI. While you’re leaving the red tape up to her are there any steps you can take to make the transfer even more tax efficient? Incorporating your business Despite...
by David Winfield | Apr 19, 2021 | Accounting News, Uncategorized
Business rates. In England, owners of holiday accommodation are liable to business rates rather than council tax. This applies where the landlord intends to let the property on commercial terms for 140 days or more in the financial year. At first sight, this might not...
by David Winfield | Mar 29, 2021 | Accounting News, Uncategorized
Further grants . Before Budget 2021 the Chancellor had already announced third and fourth instalments of the Self-Employment Income Support Scheme (SEISS) payments for sole traders, and members of partnerships, whose income had been hit by the pandemic. The Budget...
