by Sue | Feb 26, 2021 | Blog
Significant revisions to the Construction Industry Scheme (CIS) take effect from 6 April 2021. HM Revenue & Customs (HMRC) has identified problems with the operation of the scheme. The aim is to address the potential for fraud. So, what is the expected impact of...
by Sue | Feb 24, 2021 | Blog
Financial support to save jobs and keep businesses afloat during the pandemic has come at huge cost. Government borrowings already exceed £270billion (ONS). A record high. Now, with the Covid-19 vaccination programme in full swing, is it time to balance the books?...
by Sue | Jan 27, 2021 | Blog
After the expense of Christmas many people look for ways to stretch their budgets. In the current climate especially, every penny counts. Did you know you can earn up to £2000 tax free each year? Gross allowances Basically, HM Revenue & Customs (HMRC) provides two...
by Sue | Jan 25, 2021 | Blog
The January 31 tax deadline is looming. With tax debts piling up, some people are feeling overwhelmed. Don’t worry, you can defer payment of what you owe. HMRC’s Time to Pay system is the solution. Essentially, it allows you to pay tax in instalments. What’s in...
by Sue | Jan 15, 2021 | Blog
The Job Retention Scheme pays 80% of wages. Unfortunately, it means many employees are not receiving the National Minimum Wage (NMW). Don’t assume this matters less in the current circumstances. Employers that don’t operate the National Minimum Wage correctly will...
by Sue | Jan 12, 2021 | Blog
Despite the difficulties caused by Covid-19, the 2019/2020 self-assessment tax deadline stands. If you need to file a Self Assessment tax return, act now. Complete your return online and submit it by 31 January 2021. Penalties for late filing If your return is...
