Nadim Zahawi, delivered the Chancellor’s Mansion House speech last night, speaking of the global fight against inflation, the need for private sector growth and the critical role of financial services.
HMRC has widened the pilot and simplified the quarterly requirements of Making Tax Digital for Income Tax Self-Assessment or MTD for ITSA for taxpayers with gross income from self-employment between £10,000 and the £85,000 VAT threshold, but many are concerned that the trial is too limited, the timescale too tight and the detail too brief to mean taxpayers will be ready for the April 2024 deadline.
What are your options when selling your company? Discuss Trade Sale, Management Buyout, Family Buyout or an Employee Ownership Trust as possible exit routes with your tax advisor as early as you can.
A summary of the Spring Statement 2022 and a round up of the significant measures announced in the two 2021 Budgets that may impact your finances.
In his Spring Statement, Mr Sunak announced a 5p cut in fuel duty, an alignment of NI thresholds with personal tax allowance from July 2022, and promised a 1p cut in income tax, but not until April 2024.
What to expect from the Chancellor’s Spring Statement? A delay to NI increases or an increase in the NI threshold, uprating Universal Credit, cuts to VAT or energy levies on household fuel bills, a cut in fuel duty?
A summary of what you need to know, as an employer or if you are self employed, to prepare for the Health and Social Care Levy.
Is your business looking to grow by adopting digital technologies? We take a look at the Government’s Help To Grow: Digital Scheme.
Your Self Assessment tax return can be complicated, especially when you consider the impact Covid and business support grants have had on your profits.
From compliance to growth, our accounting firm in Derby has you covered. Call us to see how we can help.