Advisory fuel rates for company cars

New company car advisory fuel rates have been published and took effect from 1 September 2021. The guidance states: ‘you can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car. The advisory fuel rates for journeys undertaken on or Read more about Advisory fuel rates for company cars[…]

HMRC outlines changes to late payment penalty regime

HMRC has published a policy paper outlining the forthcoming changes to the penalties for late payment and interest harmonisation for taxpayers. The government intends to reform sanctions for late submission and late payments to make them ‘fairer and more consistent across taxes’. Initially the changes will apply to VAT and Income Tax Self Assessment (ITSA). Read more about HMRC outlines changes to late payment penalty regime[…]

Nicholson & Co shortlisted for Payroll Team of the Year Award

The Accounting Excellence awards which are now in their eleventh year saw a record number of entries, and despite this fierce competition we are delighted to have been shortlisted for such as prestigious award, Payroll Team of the Year. We’ve been providing payroll services to organisations for over 10 years and our experienced team currently support Read more about Nicholson & Co shortlisted for Payroll Team of the Year Award[…]

HMRC reveals absurd excuses for not paying National Minimum Wage

While the vast majority of employers pay their employees at least the National Minimum Wage, HM Revenue and Customs (HMRC) has today released some of the most absurd excuses used for not paying the legal minimum. Last year (2020 to 2021) HMRC helped more than 155,000 workers across the UK recover more than £16 million Read more about HMRC reveals absurd excuses for not paying National Minimum Wage[…]

Coronavirus Job Retention Scheme – upcoming changes from 1 August 2021

From August, employees will still continue to received 80% of their salary for hours un worked, but the Coronavirus Job Retention Scheme grants will cover 60% of employees’ usual wages for the hours not worked, up to a cap of £1,875.50. Employers will need to continue to pay their furloughed employees at least 80% of Read more about Coronavirus Job Retention Scheme – upcoming changes from 1 August 2021[…]

Companies House – upcoming essential maintenance

Compamies House website will be under going essential maintenance and will affect their online services on Saturday 10 July. Their WebCHeck service will be unavailable from 8am to 12pm, and their CHD service will be unavailable from 12pm to 4pm. There may be some disruption to their Webfiling and XML Gateway (software filing and search) Read more about Companies House – upcoming essential maintenance[…]

Insightful Accountant’s Top 100 ProAdvisors for 2021

You may recall back in February 2021 Sam was nominated to be recongnised as one of Insightful Accountant’s 2021 International ProAdvisors as part our their ProAdvisor of the Year/Top 100 ProAdvisors Awards. We hope you will join us, in congratulating Sam, who has today been named one of Insightful Accountant’s Top 100 ProAdvisors for 2021. Read more about Insightful Accountant’s Top 100 ProAdvisors for 2021[…]

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Warning of Self Employed Income Support Scheme (SEISS) grant Scams

HMRC has issued a warning to taxpayers to be careful when making a Self Employed Income Support Scheme (SEISS) grant claim as there are a number of scams circulating, with fraudsters using emails and text messages to try dupe the self-employed into making spurious claims. It is important not to click on any links before Read more about Warning of Self Employed Income Support Scheme (SEISS) grant Scams[…]

HMRC pledges harsh fines for abuse of Self Employed Income Support Scheme (SEISS) grant

HMRC has confirmed the penalty regime for the Self Employed Income Support Scheme (SEISS) with harsh fines. An overclaimed Self Employed Income Support Scheme (SEISS) grant includes any amount paid which the self-employed person was not entitled to or received payments of more than the amount HMRC said they were entitled to when the claim Read more about HMRC pledges harsh fines for abuse of Self Employed Income Support Scheme (SEISS) grant[…]