Entries by KateWright

Families advised not to miss out on childcare support

Looking for childcare for the February half-term? Don’t forget you can save up to £2,000 a year with Government support. Families are being reminded that opening a Tax-Free Childcare account can help their bank balance if they have children aged 11 or under – or 16 if their child has a disability – if they […]

Government-backed small business support hits milestone

A noodle shop in Hertfordshire is the 100,000th recipient of support from the Government’s Start Up Loans programme. More than £940m has been handed out to small businesses since the programme was launched in 2012. Business Minister Kevin Hollinrake said: “We know how important small businesses are to our communities, creating jobs, growth and opportunities, […]

Deadline approaching for checking property details

Have you checked the details held on your property ahead of a UK-wide re-evaluation of non-domestic rates in just two months? If the answer is ‘no’, we would strongly advise that you put it on your to-do list. A new non-domestic rating list comes into effect on 1 April after the 2017 list closes. If […]

Do not get caught out by dodgy job ads

The start of a new year is the peak time for jobseekers, but that also means that scammers crawl out of the woodwork to exploit unwitting victims. If you are looking around for a new job, there are a number of red flags you should be aware of. The Disclosure and Barring Service (DBS) is […]

Tax Diary February/March 2023

1 February 2023 – Due date for corporation tax payable for the year ended 30 April 2022. 19 February 2023 – PAYE and NIC deductions due for month ended 5 February 2023. (If you pay your tax electronically the due date is 22 February 2023) 19 February 2023 – Filing deadline for the CIS300 monthly […]

Limits to tax relief for pension contributions

Under current rules, you can claim tax relief for your private pension contributions. The annual allowance for tax relief on pensions is £40,000 for the current tax year. There is a three year carry forward rule that allows you to carry forward any unused amount of your annual allowance from the last three tax years […]

When you must register for VAT

The taxable turnover threshold, that determines whether businesses should be registered for VAT, is currently £85,000. The taxable turnover threshold that determines whether businesses can apply for deregistration is £83,000. It was confirmed as part of the Autumn Statement 2022 measures that the taxable turnover registration and deregistration thresholds will be frozen at the current […]

Corporation tax changes April 2023

The Corporation Tax main rate will increase to 25% from 1 April 2023 for companies with profits over £250,000. A Small Profits Rate (SPR) of 19% will also be introduced from the same date for companies with profits of up to £50,000 – ensuring these companies pay Corporation Tax at the same rate as currently. […]

PAYE and overseas employees 24773

There are a multitude of rules and regulations that you must be aware of when you employ someone from abroad who is coming to work in the UK. HMRC’s guidance (entitled New employee coming to work from abroad) sets out some important issues to be aware of when taking on a new employee from abroad. […]

Electric car owners to save money under landmark initiative

Cheaper motoring is heading down the road with the announcement of a new scheme for smart charging of electric vehicles. The Electric Vehicle Smart Charging Action Plan, published by the Government and Ofgem, sets out steps being taken to seize on the significant potential of smart charging and make it the preferred method of long […]

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