26 Apr 2022

Taking a look at the 2022 National Minimum Wage

The rates of pay set by the National Living Wage (NLW) and National Minimum Wage (NMW) increased on 1 April 2022, but this is no laughing matter for employers. Those employers that flout the National Minimum Wage laws risk more than just being forced to repay underpayments.

29 Mar 2022

How did the Chancellor fare at Spring Statement?

Chancellor Rishi Sunak faced a tough task at this year’s Spring Statement. As inflation continues to soar, the Chancellor heard calls from businesses, consumer groups, charities and politicians from all parties. These voices made a range of demands for tax cuts and increased spending, and not all of them could be met.

22 Feb 2022

Revised ISA 315 – are the new requirements really new?

The revised version of ISA (UK) 315 Identifying and Assessing the Risks of Material Misstatement is effective for periods commencing on or after 15 December 2021, with early adoption permitted.

25 Jan 2022

New Year inheritance tax reporting - reduction but not simplification

Inheritance tax forms need to be completed even when no Inheritance Tax is due. This generally comes as a surprise to many.

16 Dec 2021

Making Tax Digital for Income Tax

The Making Tax Digital regime is based on businesses being required to maintain their accounting records in a specified digital format and submit extracts from those records regularly to HMRC.

25 Nov 2021

Top tips for minimising stress in the workplace

With the passing of National Stress Awareness Day, employers and employees alike have been reminded to take the time to recognise, manage and reduce stress in their professional and personal lives. Here, we consider tips designed to help prevent stress in the workplace that individuals can make use of.

18 Oct 2021

2021 Autumn Budget – what clues can we take from the Chancellor’s Party Conference speech?

On 4 October Chancellor Rishi Sunak gave a fervent speech at the Conservative Party Conference in Manchester, outlining the government’s plans for jobs following the end of the Coronavirus Job Retention Scheme (CJRS) last month.

22 Sep 2021

Taking a look at the new Health and Social Care Levy

From April 2022, the government will introduce a new UK-wide 1.25% Health and Social Care Levy, ringfenced for health and social care. This will be based on national insurance contributions (NICs) and from 2023 will be legislatively separate.

26 Aug 2021

Penalties for late payment and interest: are you up to date?

HMRC recently published a paper outlining the changes to the late payment penalty regime for taxpayers.

29 Jul 2021

Simplified tax reporting – what will it mean for your clients?

Changes to the tax system that will make it easier for small businesses to fill out their returns have been announced by the government. The changes, which will come into force by 2023, will mean businesses will be taxed on profits arising in a tax year, rather than profits of accounts ending in the tax year.

28 Jun 2021

Are your clients minimising their tax liability?

For the majority of taxpayers, the tax system is as mystifying as it is unavoidable. As many taxes are deducted at source, contact with HMRC is minimal, which is how most people like it. However, this means that opportunities to make business, personal income or savings as tax-efficient as possible are frequently allowed to pass by.

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