Receiving a big tax bill can be overwhelming and can create an even bigger problem – how to pay it. To help provide a solution and ease the financial burden, HMRC offers the Time to Pay scheme, enabling Self Assessment customers to set up a payment plan to spread the cost. Since 6 April this…
Read more
HMRC brings in profit-assessment change for sole traders and partnerships
Are you a sole trader or partnership? Do you use an accounting date between 6 April and 30 March? If you answered ‘yes’ to both questions, you need to be prepared for a change coming from HMRC in the way it assesses your profits. From 6 April 2024 you will be assessed on your profits…
Read more
Plan to future-proof UK economy unveiled at expo
Green investment can help future-proof the UK economy, but we need to ‘act fast and act now’. Those were the words of Trade Secretary Kemi Badenoch when she spoke at a landmark trade event in the North East of England. Speaking to an audience of global investors and executives at the Green Trade and Investment…
Read more
Do not let COVID-19 payments slip off the radar
The clock is ticking down to complete Self Assessment tax returns with HM Revenue and Customs (HMRC) reminding customers not to forget to include a very important payment. More than 2.9 million people claimed at least one Self-Employment Income Support Scheme (SEISS) payment up to 5 April 2022. These grants are taxable and should be…
Read more