by katy | Feb 26, 2024 | HMRC, News, Uncategorised, Uncategorized
The Economic Crime and Corporate Transparency Act became law in October 2023. Since then, Companies House have been getting ready to introduce the measures brought in by the act. Companies House have introduced the first set of changes to take effect from 4 March...
by katy | Nov 23, 2023 | News, Tax, Uncategorised
Personal & employment taxes As predicted, the Chancellor announced some cuts in relation to the taxes facing individuals: National InsuranceClass 1 employees’ National Insurance contributions (NICs) to be cut by 2% from 6 January 2024 (down to 10%), meaning those...
by katy | Aug 14, 2023 | Companies House, HMRC, News
CICs (Community Interest Companies) and charities are both legal structures that can be used if you wish to set up a social enterprise. The choice between the two is dependent on a number of factors – In this article, we’ve highlighted the key...
by katy | Jul 24, 2023 | Bookkeeping, HMRC, Uncategorised, VAT
Understanding VAT (Value Added Tax) and when to register for VAT is crucial for businesses as it has a significant impact on the business finances. The VAT threshold, is currently £85,000 per annum – If your annual turnover approaches this figure, you should...
by katy | Jul 1, 2023 | HMRC, Tax, Uncategorised
Do I Need To Complete A Self-Assessment Tax Return? Self Assessment is a system HMRC uses to collect Income Tax. For those employed, Tax is usually deducted automatically from wages and pensions. People and businesses with other income (including COVID-19 grants and...
