Businesses are being advised to prepare their payroll for National Insurance changes which are coming into effect from next month. From 6 July 2022, some National Insurance Contribution (NICs) thresholds will increase. The primary threshold for 6 July 2022 to 5 April... read more
With some smart estate planning, there are a number of ways you can reduce your inheritance tax liability. Our latest blog explains how you can ensure more of your estate is left to loved ones rather than paid out in tax. The Office of Budget Responsibility has... read more
Making Tax Digital (MTD) became mandatory for all VAT registered businesses in the UK on 1 April 2022. The government has introduced the scheme in a bid to help taxpayers submit their tax returns correctly, reduce common mistakes and save time. Evidence shows that... read more
Chancellor Rishi Sunak reduced VAT rates to 12.5% during the pandemic to help struggling businesses in the hospitality sector. While many were hoping that this would be extended to give organisations time to get back on their feet, the Chancellor has confirmed that... read more
The tax year comes to an end today, 5 April 2022, which means that any employers who are running payroll now need to submit their records to HMRC. As well as reporting your previous year’s taxes, you should also give your employees their P60 and start preparing for... read more
What are the risks? With an average enquiry taking 18 months to conclude, the associated costs can quickly escalate, yet the cost of not defending enquiries to their full extent could be substantially higher. If you cannot afford the defence, you could end up paying a... read more
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