Author: Samantha Nicholson

Funding – The Community Organisations Cost of Living fund

Posted on by Samantha Nicholson

The Community Organisations Cost of Living fund is now open until 16th October. The fund is primarily aiming to support those organisations that support low-income households and individuals. Organisations can apply for grants between £10,000 and £75,000. Organisations must provide at least one of the following: food and emergency supplies emergency shelter safe spaces warmth Read more about Funding – The Community Organisations Cost of Living fund[…]

Upcoming changes to Quickbooks Navigation Menu

Posted on by Samantha Nicholson

Quickbooks have redesigned the left navigation menu in their software so that all customers will have the same navigation menu layout. Phase 1 of the change will take place on 15 August 2023 at 00:00 All users will receive an in-product message notifying them of the new navigation menu layout where they will be prompted Read more about Upcoming changes to Quickbooks Navigation Menu[…]

Insightful Accountant’s Top 100 ProAdvisors for 2023

Posted on by Samantha Nicholson

We hope you will join us, in congratulating Sam, who has today been named one of Insightful Accountant’s Top 100 ProAdvisors for 2023. Nicholson & Co Accountancy is pleased to announce that Samantha Nicholson has been named a 2023 Top 100 ProAdvisor by Insightful Accountant, an independent news and information source written specifically for the Read more about Insightful Accountant’s Top 100 ProAdvisors for 2023[…]

Budget summary – Wednesday 15 March 23

Posted on by Samantha Nicholson

On 15 March 2023, The Chancellor laid his ‘Budget for Growth’. Here are some of the key points from the budget: Income Tax From 6 April 2023, the point at which individuals pay the additional rate is still planed to be lowered from £150,000 to £125,140. The personal allowance and higher rate threshold were already Read more about Budget summary – Wednesday 15 March 23[…]

New VAT Penalties system – a snapshot of the changes

Posted on by Samantha Nicholson

HMRC has introduced a new penalty system for all VAT return periods starting on or after 1 January 2023 and payments due from 7 March 2023. It replaces the existing VAT default surcharge. A quick summary of the new system is outlined below: Late submission penalties – These work on a points-based system. For each VAT return submitted late, customers will Read more about New VAT Penalties system – a snapshot of the changes[…]

National Minimum Wage and Live In Wage rates from April 2023

Posted on by Samantha Nicholson

The National Live in wage and the National Minimum Wages is set to rise in April 2023. Rates per hour depend on your age and whether you’re an apprentice – you must be at least school leaving age to get it. New rates, which come into effect from April 2023: Year from 23 and over Read more about National Minimum Wage and Live In Wage rates from April 2023[…]

MTD for Income Tax for Self Assessment (ITSA) pushed back until April 2026

Posted on by Samantha Nicholson

On 19th December the government announced that the first phase of Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) will not be mandated until April 2026. Prior to this announcement, the mandatory use of software to remain compliant was set for April 2024. You can read HM Revenue & Customs announcement in full Read more about MTD for Income Tax for Self Assessment (ITSA) pushed back until April 2026[…]

Budget summary – Thursday 17 November 22

Posted on by Samantha Nicholson

On 17 November 2022, The Chancellor laid out three core priorities of stability, growth and public services in the Governments 3rd budget in as many months. Here are some of the key points from the budget: Income Tax The previously announced reduction of income tax from 20% to 19% from April 2023, has been postpone Read more about Budget summary – Thursday 17 November 22[…]