This morning, Jeremy Hunt has scrapped nearly all tax cuts announced in last month’s mini-budget, which include removing a proposed cut to corporation tax and a deferred 1p cut to income tax Mr Hunt, who replaced Kwasi Kwarteng as Chancellor on Friday, brought forward his fiscal statement by two weeks in an attempt to stabilise Read more about Update from the Mini Budget[…]
HMRC has announced that you’ll no longer be able to use your existing VAT online account to file quarterly and monthly VAT returns. The current HMRC online portal is closing on 1 November 2022. After this date, all VAT returns will need to be filed through digital compatible software to stay compliant and avoid potential penalties Read more about From 1 November, you’ll no longer be able to submit VAT through the HMRC online portal[…]
Update: 17 October 2022 This morning, Jeremy Hunt has scrapped nearly all tax cuts announced in last month’s mini-budget, which include removing a proposed cut to corporation tax and a deferred 1p cut to income tax. Here are some of the key points from the mini budget of 23 September 2022: National Insurance In September Read more about Mini budget summary – Friday 23 September 22[…]
Companies House will soon be introducing a new WebFiling account which will have improved security features and will give you more freedom to self-manage your account. New benefits will include: multi-factor authentication the ability to link your company to your WebFiling account to give you more control over your filings the ability to digitally authorise Read more about Companies House will soon be introducing a new WebFiling account[…]
We hope you will join us, in congratulating Sam, who has been named Insightful Accountant’s Top International ProAdvisor (of England representing the non-Americas’) for 2022. Nicholson & Co Accountancy is pleased to announce that Samantha Nicholson has been named Insightful Accountant’s Top International ProAdvisor. Insightful Accountant is an independent news and information source written specifically Read more about Insightful Accountant’s Top International ProAdvisors[…]
We hope you will join us, in congratulating Sam, who has today been named one of Insightful Accountant’s Top 100 ProAdvisors for 2022. Nicholson & Co Accountancy is pleased to announce that Samantha Nicholson has been named a 2022 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 2022[…]
HMRC has started to recover overpayments of Self-employment Income Support Scheme (SEISS) grants. From April, HMRC is writing to taxpayers whose entitlement to the fourth or the fifth SEISS grant has reduced by more than £100 to ask them to repay amounts that were overpaid. Entitlement to the fourth and fifth SEISS grants can be Read more about HMRC starts chasing up SEISS overpayments[…]
Think of buying an electric car through privately or through your Limited Company? In summary, there’s no one size fits all answer and you need to consider the following when working out the bets option: the price of the car its CO2 emissions (if any) the year it was registered, the amount of business mileage, Read more about Buying an electric car[…]
The Chancellor made his annual Spring Statement speech today, the key measures the Chancellor announced where: Increase in the National Insurance Primary Threshold for Class 1 NICs and the Lower Profits Limit for Class 4 NICs from 6 July 2022, aligning it with the equivalent income tax personal allowance which is set at £12,570 per Read more about Spring statement summary[…]
HM Revenue and Customs (HMRC) has issued a warning to Self Assessment customers to be on their guard following the Self Assessment deadline after more than 570,000 scams were reported to HMRC in the last year. At this time of year, Self Assessment customers are at increased risk of falling victim to scams, even if Read more about Scammers targeting Self Assessment customers, HMRC warns[…]