Latest News
R&D relief updates for SMEs
You may recall that in November’s Autumn Statement, Jeremy Hunt promised to return with a more robust R&D tax credit scheme for smaller research-intensive companies. Well, in the Spring Budget earlier this month, updates to Research and Development (R&D)...
Extension of the deadline to make voluntary National Insurance Contributions
The deadline for making National Insurance Contributions dating back to April 2006 had previously been set as 5th April 2023, but the government has now extended it to 31st July 2023. Anyone who hopes to claim the UK state pension should check their national insurance...
Menopause In The Workplace: How Can You Support Employees?
Menopausal women are the fastest growing demographic in the workplace, but did you know that one in four women considers leaving her job because of it? Society-wide, there is a lack of support and understanding surrounding menopause. As a result, women are left...
National Living Wage and National Minimum Wage to increase from April 2023.
In November, when he shared his Autumn Statement with the nation, Jeremy Hunt announced a 9.7% increase to the National Living Wage (NLW) from 1st April 2023, as well as increases to National Minimum Wage (NMW). What seemed like a far-off change three months ago, is...
The Cost-Of-Living Crisis And The Impact On Mental Health
By now, you’re probably no stranger to the phrase ‘cost-of-living crisis’, as it seems to have taken over from the pandemic’s position at the forefront of public interest. Coined in reference to a nationwide decrease of ‘real’ disposable incomes, the cost-of-living...
The tax allowances and reliefs you should make the most of before the 2022/23 year-end
We’re now firmly in the last quarter of the 2022/23 financial year, which can only mean one thing… it’s time to make sure that you’ve used all of the tax allowances available to you! As your trusted accountant, we want to make sure that you don’t pay any more taxes...
VAT and Property Option to Tax: what’s happening?
From the 1st of February 2023, HMRC will stop sending receipt letters for VAT option to tax (OTT) notifications. They will, however, still send an automated email reply to OTT notifications sent via email. We recommend that you bear this in mind, and use email when...
Making Tax Digital for Income Tax Self Assessment
In December, the Government pushed back their plans for Making Tax Digital for Income Tax Self Assessment - here's what you need to know. It’s becoming increasingly difficult to ignore the fact that we’re living in a digital world. Whether you use Apple Pay on a daily...
Small Businesses: it’s time to chase late payments before the Self Assessment deadline
As we approach the Self Assessment deadline on the 31st of January, it’s becoming increasingly important for small businesses to receive outstanding payments from their customers and to chase any that are late. Back in December, Business Secretary, Grant Shapps,...
New VAT penalties to apply from January 2023
As we welcome in the New Year, HMRC will be welcoming a new penalty system for the late filing of VAT returns, amongst other changes… On the 1st January 2023 there will be a new points-based penalty system implemented for the late filing of VAT returns, and new...
