Accountancy & Business Blog
Coronavirus: self-certification period temporarily extended
As of 17 December 2021, there has been a temporary shift to the self-certification period regarding Statutory Sick Pay (SSP). The change is another...
How much will Net Zero really cost SMEs?
As many companies will already know, COP26 took place in Glasgow last month and fuelled many firms to commit to going Net-Zero by 2050. Currently,...
Be aware of tax liabilities if you are using cryptocurrencies
To many, cryptoassets, which includes cryptocurrencies, are an enigma shrouded in mystery. Whether we are talking about Bitcoin, Dogecoin, Litecoin,...
If your holiday got cancelled last year, then read on…
Were you one of many UK holiday-goers whose trip got cancelled due to the pandemic? If you received vouchers in compensation, then you must spend...
How can Britain double its exports?
Yesterday, at the Global Investment Summit 2021, ministers vowed that Britain can double its exports to show off the best of its business with a new...
Controversial basis period reforms delayed by one year, Government announces
Controversial changes to the basis period rules will be pushed back to 2024, the Government has announced. Critics said the reforms would needlessly...
Autumn Budget 2021
With the Speaker of the House of Commons by tradition not presiding over the Budget, the Chancellor might have hoped he would escape a rebuke over...
Are you a Self-Assessment taxpayer?
If you are, then keep reading... From today, you have less than a week to submit paper tax returns for the 2020/21 tax year before the deadline on...
Updated requirements for submitting Corporation Tax CT600 Return
With the winding up of the Coronavirus Job Retention Scheme (CJRS) or furlough, at the end of September, it is vitally important that all employers...
“Night-time economy”- is it back on its dancing feet?
The Night Time Industries Association (NTIA) has recently revealed that due to the pandemic, 393,000 jobs have ended across the night-time economy....
October: the last month to handle CJRS claims
As the Coronavirus Job Retention Scheme (CJRS), otherwise known as the furlough scheme, ended on 30 September 2021, October marks the last month in...
Buoyant firms return £1.3 billion furlough cash to Treasury
The Coronavirus Job Retention Scheme (CJRS), or furlough, closes at the end of September and has benefited millions of workers during the COVID-19...
Making Tax Digital: businesses get an extra year to prepare
Businesses will now get an additional year to prepare for the Income Tax digital changes, as revealed by HM Revenue and Customs (HMRC)....
University students – be aware of fake HMRC contact
From April to May this year, 18 to 24-year olds reported over 5,000 phone-related scams to HM Revenue and Customs (HMRC). With this in mind, HMRC is...
Final furlough figures published before end of scheme
As the furlough scheme comes to an end, the latest figures have revealed that almost 12 million workers in England, Wales, Northern Ireland and...
How will the National Insurance and dividend tax increases affect me?
Taxpayers face an increase in their National Insurance contributions (NICs) and dividend tax rates from 2022. To explain how this significant change...
Are you entitled to the Marriage Allowance?
Millions of married couples and those in civil partnerships could be entitled to up to £252 in income tax relief, HM Revenue & Customs (HMRC)...
Staff shortages: increased wages to entice workers could mean higher prices for customers
Due to the ongoing staff shortages caused by the pandemic, UK restaurants have had to increase employee wages to entice chefs and waiters - which...
Labour shortages could impact UK’s economic recovery, says experts
A recent report on the latest business trends suggests that despite the surge of hiring among UK firms in July, the lack of working employees could...
150,000 businesses owe HMRC £2.7 billion in deferred VAT payments
HM Revenue and Customs (HMRC) reported that 150,000 UK businesses have not yet made arrangements to pay back deferred VAT payments, and therefore...
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