News
How will the National Insurance and dividend tax increases affect me?
08 September 2021
Taxpayers face an increase in their National Insurance contributions (NICs) and dividend tax rates from 2022. To explain how this significant change may affect you, please use our helpful FAQ below: How much is the National Insurance rate increasing? The Health and Social Care Levy will see a 1.25 percentage point increase in NICs.
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Brexit and immigration: the key dates you need to know about
03 September 2021
Despite ‘officially’ leaving the European Union in January this year, there are still a number of loose ends that need tying up. In fact, the Brexit deal itself includes transitional rules that span from 2021 to 2028. While many of these rules relate to trade and customs, immigration is a matter yet to be fully resolved.
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UKCA marking deadline extended by one year following coronavirus disruption
27 August 2021
Businesses have been given an extra year to apply new product safety markings for most products placed on the market in England, Scotland and Wales, it has been announced. The UK Conformity Assessed (UKCA) marking regime will replace the product safety labelling system previously used while a member of the European Union.
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Beware of exceeding your pension pot allowance
24 August 2021
Thousands of people who put money into their pension each year are inadvertently failing to declare pension tax charges, according to HM Revenue & Customs (HMRC). This can lead to an unexpected and costly tax bill. Most taxpayers can save up to £40,000 in pension contributions tax-free each tax year...
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Draft legislation published for next Finance Bill
24 August 2021
Taxation and other measures to be included in the Finance Bill for 2021-22 have now been announced. The draft legislation largely covers pre-announced policy changes, along with accompanying explanatory notes, tax information and impact notes, as well as responses to consultations and other supporting documents.
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Super-deduction gives businesses confidence to grow
24 August 2021
As the UK economy gets back to full speed and confidence grows amongst small businesses, the impact of the ‘super-deduction’ and the ‘special rate allowance (SRA)’ should encourage even stronger growth. According to HM Revenue & Customs (HMRC), the super-deduction will give companies a strong incentive...
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Taxman says help available as debt collection resumes
24 August 2021
HM Revenue & Customs (HMRC) has warned that debt collection will resume as the UK emerges from the pandemic and it will be contacting taxpayers who have fallen behind with their taxes. HMRC says it will take an understanding and supportive approach to dealing with those who have tax debts or are concerned...
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SMEs optimistic and frustrated as economy set to thrive
24 August 2021
With predictions that the UK economy is set to grow at its fastest pace in 80 years and could recover to its pre-pandemic size by the end of this year, SME owners are feeling more optimistic and are keen to invest in growth.
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HMRC auto-correcting 2020-21 SEISS tax returns
24 August 2021
Where grants claimed under the self-employment income support scheme (SEISS) do not correspond with records held by HM Revenue & Customs (HMRC), it will auto-correct 2020-21 tax returns and issue a new SA302 calculation to both taxpayer and acting agent.
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Government to launch new animal welfare standards following EU departure
20 August 2021
New legislation will protect the welfare of farm animals being transported across England and Wales, the Government has announced.
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Case Studies
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Sometimes a business does exactly as it says on the tin
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A taste for growth, a thirst for knowledge
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Cut above the rest in personal management style
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Taxing demands with old school charm
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A shared passion for architecture and a head for numbers
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Child's play with proactive accounts management
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Smiles all round for dental practice
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A modern approach required for music moguls
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Customer care is top of the list for packaging business