From 1 November, you’ll no longer be able to submit VAT through the HMRC online portal

Posted on 4th October 2022 by Samantha Nicholson

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[…]

Mini budget summary – Friday 23 September 22

Posted on 23rd September 202217th October 2022 by Samantha Nicholson

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

Posted on 24th August 202224th August 2022 by Samantha Nicholson

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[…]

Insightful Accountant’s Top International ProAdvisors

Posted on 12th July 202224th August 2022 by Samantha Nicholson

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[…]

Insightful Accountant’s Top 100 ProAdvisors for 2022

Posted on 25th May 202225th May 2022 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 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 starts chasing up SEISS overpayments

Posted on 10th May 2022 by Samantha Nicholson

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[…]

Buying an electric car

Posted on 12th April 202212th April 2022 by Samantha Nicholson

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[…]

Spring statement summary

Posted on 23rd March 2022 by Samantha Nicholson

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[…]

Scammers targeting Self Assessment customers, HMRC warns

Posted on 15th March 2022 by Samantha Nicholson

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[…]

Health and Social Care ― National Insurance Contribution increase

Posted on 8th March 20228th March 2022 by Samantha Nicholson

Following on from the government announced on 7 September 2021 the new 1.25% Health and Social Care Levy to fund investment in the NHS, health and social care, will come into effect from 6 April 2022. The Levy is effectively introduced from April 2022 when the rate of National Insurance contributions for working age employees, Read more about Health and Social Care ― National Insurance Contribution increase[…]