Inflation stable staying at 2%
The Office of National Statistics has released the latest inflation figures for June, and the…
Highlights from the King’s speech: What impact may they have on your business?
Last week, King Charles delivered the King’s Speech, a traditional event at the State Opening…
The new government’s six first steps for change: Implications for your business
The new government has rolled out an ambitious plan to drive significant changes across the…
New VAT registration tool released by HMRC
HM Revenue & Customs have released a new tool designed to help businesses find out…
Highlights from the Chancellor’s speech: What are the implications for tax and compliance?
The new Chancellor of the Exchequer, Rachel Reeves, delivered her first speech as Chancellor last…
Economy growth higher than estimated – Accountants in Wimbledon
Figures released by the Office for National Statistics (ONS) show that the economy grew by…
Election results in: What will be the effect on your tax bill?
What the Labour Party's Election Win Means for Your Taxes With the Labour Party securing…
SPV – PROPERTY COMPANY – PROCESSING DATA AND STATUTORY REPORTING – ACCOUNTANTS IN WIMBLEDON
Processing data for a property company involves the following (list not exhaustive): If a property…
Could employee ownership be the answer for your business?
The Welsh Government were excited to announce a significant milestone in its own mission to…
Voluntary Code of Conduct for Directors: will it make a difference?
The Institute of Directors (IoD) has released a consultation document outlining a proposed code of…
Base rate plateau a concern for small businesses-Accountants in Wimbledon
In light of the Bank of England's decision to keep the base rate at 5.25%,…
Reminder: P11D form submission deadline rapidly approaching
The deadline of July 6 for reporting expenses and benefits to HM Revenue & Customs…
Welcome to the July edition of Tax E-News.
GENERAL ELECTION 2024 – WHAT ARE MAIN PARTIES SAYING ABOUT TAX? Both the Conservative and…
Guide to the General Election 2024: Tax implications for your business- Accountants in Wimbledon
As a business owner, you’ll likely be wondering how the upcoming general election on 4…
Inflation falls to 2% – Accountants in Wimbledon
Figures released by the Office of National Statistics show that the Consumer Prices Index (CPI)…
New rules on distributing tips: Understanding the Employment (Allocation of Tips) Act 2023 – Accountants in Wimbledon
On 1 October 2024, the Employment (Allocation of Tips) Act 2023 will come into effect,…
Don’t be caught by false claims on business rates appeal deadlines – Accountant in Wimbledon
The Valuation Office Agency (VOA) has issued a warning about false claims regarding the deadline…
Mackerel fishing deal struck with Norway and the Faroe Islands – Accountant in Wimbledon
Last week, the UK reached an agreement with Norway and the Faroe Islands aimed at…
Don’t lose out on Child Benefit available to children in further education – Accountant in Wimbledon
Parents of children aged 16 to 19 who continue their education or training after GCSEs…
Streamline Your Bookkeeping: A Guide for Interior Designers on Handling VAT
As an interior designer, you thrive in a world of creativity and aesthetics. However, managing…
Cutting edge technology coming to fishing industry
The UK government has announced a new initiative to enhance the sustainability of fish stocks…
Choosing passwords: the three random words method
With our personal and work lives now requiring us to have so many passwords, it…
More indicators of a cut in interest rates to come
The Bank of Canada announced a cut of a quarter of a percentage point to…
How a general election can affect your business
The news is currently full of reports on the general election, so much so that…
Exploring finance options for small businesses: A guide to fuelling growth
Shawbrook Bank recently conducted research indicating that half of small business owners have had to…
Buying a second home: what should you think about?
As accountants, we are often asked about the financial and tax implications of buying a…
Microsoft recalls “Recall,” its new screenshot feature
Sticking with an AI theme, Microsoft has recently announced updates to Windows that will include…
Reforms to leasehold properties becomes law – Accountant in Wimbledon
The Leasehold and Freehold Reform Act has officially passed into law, bringing significant implications for…
Report on Companies House progress released – Accountants in WImbledon
The Economic Crime and Corporate Transparency Act 2023 introduced significant reforms to Companies House procedures…
Business Insights – Accountants in WImbledon
The Office for National Statistics conducts a Business Insights and Conditions Survey (BICS) every two…
Choosing the best way to finance business asset purchases: Lease, Contract Hire or Hire Purchase? – Accountants in WImbledon
Imagine your business is flourishing, and it's time to invest in new equipment or a…
Welcome to the June edition of Tax E-News
Welcome to the June edition of Tax E-News. We hope that you find this informative.…
Accountants in Wimbledon – Training bursaries available for crafters
Are you wanting to start your journey into craft, or do you want to turn…
Accountants in Wimbledon – Automated Vehicles Act brings self-driving vehicles closer to reality
Self-driving vehicles are set to be on British roads by 2026 following the enactment of…
Accountants in Wimbledon – Apple and Microsoft announce new product updates
Both Apple and Microsoft have announced updates to their product lines in recent weeks. Apple…
Accountants in Wimbledon- Inflation rate falls in April
Official figures released last week by the Office for National Statistics show that the Consumer…
Admitting a new partner into the partnership: What should you consider first?
For businesses that run as a partnership, there often comes a time where you need…
EOACC ACCOUNTANTS IN DERBY
The EOACC team in Derby are on a mission. Our accountants are passionate about helping…
Understanding economic changes: How recent events affect businesses
Data releases in recent weeks from the Office of National Statistics (ONS) coupled with Bank…
Are you an early bird?
HM Revenue & Customs (HMRC) have released figures showing that 295,250 Self Assessment tax returns…
Government promise to cut National Insurance confirmed
While commenting on the GDP growth and what it indicates about the economy, the Prime…
Less than a month left for exporters to move to Customs Declaration Service
Submitting export declarations through the Customs Declaration Service (CDS) becomes mandatory for all businesses on…
Bounce Back Loan Scheme fraud investigations continue
Rian O’Keeffe is the latest fraudster brought to justice as part of the ongoing investigations…
How can you save on capital gains tax?
Over the last two years, the tax-free allowance for capital gains tax has been cut…
Lessons to be learned from a data breach
The Information Commissioners Office (ICO) recently reported on a reprimand they issued to a housing…
How might the changes to company size thresholds affect your business?
From October 2024, company size thresholds are to increase by 50%. For each company, these…
Is your use of AI compliant with health and safety?
The Health and Safety Executive (HSE) has published an article outlining its approach to regulating…
New digital service to check your State Pension forecast launched
A new digital service has been launched that makes it easier to check if you…
5 essential steps to successfully establish and grow your new business
If you are embarking on the exciting journey of starting your own business, then we…
Tax E-News for the month of May
Welcome to our latest monthly tax newswire. We hope you enjoy reading this newsletter and…
Financing your business – what should you know?
Growing a business often requires capital. If you don’t have that capital personally or already…
Hybrid working – what counts as a business journey for tax purposes?
HM Revenue and Customs (HMRC) have updated their guidance on what qualifies as ordinary commuting…
Increasing your profit – why it’s not the same as growing sales
The so-called Micawber principle, as stated by Wilkins Micawber in Charles Dickens’ novel David Copperfield,…
Avoiding Business Pitfalls: 7 things you should NOT do as a business owner
Recent surveys of UK business owners show us to be under pressure. This is no…
Mastering Rental Income Taxation A Deep Dive with Taxdash
Are you a landlord looking to gain clarity on how your rental income impacts your…
Understanding how my UK salary is taxed with the help of Taxdash
Demystifying Your Tax Calculation with TaxDash: A Guide to Understanding Your Personal Finances Are you…
Beyond Calculations Understand Your UK Self-Employed Taxes with Taxdash
Unlocking Tax Clarity: Introducing Taxdash - Your Advanced Income Calculator for Sole traders In today's…
Labour party publishes plan to close the tax gap
The Labour party has published their plan to close the tax gap – the gap…
Updated VAT road fuel scale charges from 1 May 2024
From 1 May 2024, the VAT road fuel scale charges will be updated. The new…
Don’t get caught out by tax avoidance
HM Revenue and Customs (HMRC) are running a campaign to help people avoid being caught…
Lump sum death benefit charge – what do you need to tell HMRC?
New guidance has been published by HM Revenue and Customs (HMRC) to help legal representatives…
New service to manage import duties and VAT accounts
HM Revenue and Customs (HMRC) have published guidance on a new online service to help…
Inflation falls in March
According to the latest figures released by the Office for National Statistics, the Consumer Prices…
Procurement – can the principles work for smaller businesses?
The government recently published a press release congratulating its procurement department on its 10th anniversary…
Have you checked your tax code?
Prior to the tax year starting each 6 April, HM Revenue and Customs (HMRC), will…
Crackdown on retail crime anticipated
The Home Office have reported that the Prime Minister has set out tough new actions…
New R&D tax relief guidance available
For accounting periods beginning on or after 1 April 2024, a new merged scheme for…
Thinking of buying another business? What due diligence should you consider?
When in business, it’s not uncommon to be approached by another business with a view…
Are training costs tax deductible for the self-employed?
HM Revenue & Customs have recently updated and clarified their guidance on training costs paid…
What is the future for the National Minimum Wage?
The Low Pay Commission (LPC) has published a report on the future of the National…
Food inflation slowing down according to BRC
The British Retail Consortium (BRC) has released figures showing that food price inflation in March…
Good bookkeeping: A backbone of business success
Keeping your accounting records up to date can feel like a chore, but when your…
Increase in Child Benefit rates
HM Revenue & Customs (HMRC) have confirmed that Child Benefit rates increased on 6 April…
Could the VAT Annual Accounting Scheme be good for your business?
VAT-registered businesses normally submit their VAT returns and payments to HM Revenue and Customs 4…
Payroll reminder – minimum wage rates increase on 6th April
It is important to remember that the minimum wage pay rates are increasing with effect…
Payroll reminder – National Insurance rate reducing from 6 April
From 6 April 2024, the 2% cut in employee national insurance contributions will come into…
Internal audit – is it just for big business?
In the world of small and medium sized businesses, where every decision can make or…
Restaurant owner jailed as government continues crackdown on Covid bounce back loan fraud
In a stern move against loan fraud, Ilhan Kekec, the owner of a Turkish restaurant,…
HAPPY NEW TAX YEAR
Welcome to our latest monthly tax newswire. We hope you enjoy reading this newsletter and…
Increase to small company thresholds
Thresholds based on a company’s accounts and employee numbers determine whether a company is categorised…
Employers – Are you ready for the new tax year?
The new tax year begins on 6th April and for employers running monthly payrolls, the…
Have we heard the death knell for national insurance contributions?
The original concept for national insurance contributions (NICs) was as a part of social welfare…
HMRC announces and then halts changes to helpline services
Last week, HM Revenue and Customs (HMRC) announced changes to its helpline services that will…
Car finance complaints being assessed by FCA
The Financial Conduct Authority (FCA) have said that they are assessing the extent of a…
2024 – The year of the SME
2024 seems to be a good year to be a small business. The UK Government…
Are you or your employees making good use of Tax-Free Childcare?
Tax-Free Childcare is available to working families to help them save on their childcare costs.…
New Companies House powers come into force
[Note to users – this article was originally published last week, but due to the…
Redundancies – what factors should be considered?
In times of economic uncertainty or because of operational challenges, you may find your business…
Spring Update –Multiple Dwellings Relief taxed from 1 June 2024
Multiple Dwellings Relief (MDR) is a stamp duty land tax (SDLT) relief that is currently…
New Companies House powers come into force
New powers for Companies House based on the Economic Crime and Corporate Transparency Act 2023…
Salary sacrifice: Potentially a win-win strategy for your business and your employees
Business and employees are both constantly looking for ways to optimise their financial strategies. One…
Spring Budget – Reduction in capital gains tax higher rate
A couple of changes were made to capital gains tax (CGT) allowances and tax rates…
Spring Budget – VAT registration threshold increases
The thresholds for VAT registration and deregistration have remained static for the last 7 years,…
Spring Budget – High-Income Child Benefit Charge changes mean benefits for more
The High Income Child Benefit Charge (HICBC) has attracted a lot of criticism since its…
Spring Budget – Furnished Holiday Lettings regime to be abolished
If you run a holiday let, then you are likely well aware of the useful…
Spring Budget – National insurance cuts – what they mean to you as a self-employed business
The Spring Budget further extended the national insurance cuts first announced in last year’s Autumn…
Spring Budget – National insurance cuts – what they mean to you as an employer
The national insurance cuts in the Spring Budget have made most of the Budget-related headlines.…
Spring Budget – A budget for long-term growth?
Jeremy Hunt, Chancellor of the Exchequer, delivered his Spring Budget 2024 speech on 6 March…
Tax E-News – Budget 2024
On 6 March 2024, Chancellor Jeremy Hunt presented his Spring Budget to Parliament. In the…
Customer service at HM Revenue and Customs reaches new low
According to MPs, phone line waiting times for HM Revenue and Customs (HMRC) continue to…