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[…]

Government’s financial support for businesses

Posted on 22nd December 2021 by Samantha Nicholson

The Chancellor announced yesterday that a support package of grants will be available for businesses who have been most impacted by the Omicron variant. Businesses in the hospitality and leisure sectors in England will be eligible for one-off grants of up to £6000 per premises, plus more than £100 million discretionary funding will be made Read more about Government’s financial support for businesses[…]

HMRC warns customers about Self Assessment tricksters

Posted on 16th November 2021 by Samantha Nicholson

As the Self Assessment filing deadline of 31 January 2022 gets closer HM Revenue and Customs (HMRC) prepares to issue emails and SMS to Self Assessment customers, reminding them to be on their guard after nearly 800,000 tax-related scams were reported in the last year. Fraudsters use Self Assessment to try and steal money or Read more about HMRC warns customers about Self Assessment tricksters[…]

Do you have a Post Office card account and receive Tax Credits, Child Benefit and Guardian’s Allowance payments?

Posted on 9th November 2021 by Samantha Nicholson

Around 24,000 HM Revenue and Customs (HMRC) customers with a Post Office card account have just three weeks left to update the department with new payment details before the 30 November deadline, or risk having payments paused. From 1 December 2021, HMRC will stop making Tax Credits, Child Benefit and Guardian’s Allowance payments to Post Read more about Do you have a Post Office card account and receive Tax Credits, Child Benefit and Guardian’s Allowance payments?[…]