Hello and welcome to our July newsletter.
From missing out on valuable interest on business savings accounts to working pensioners paying £8.6 billion in income tax, this month we bring you all the latest industry news. If you have any questions or concerns about any of the topics discussed this month, please don’t hesitate to get in touch.
Guide to completing your self-assessment tax return
Need help with filing your self-assessment tax return? Well here's everything you need to know. It’s a common scenario. As the year draws to a close, the thought of your tax return is there, at the back of your mind. But with so much time before the deadline, you...
read more
IR35 reforms extended to the private sector
Contractors could face a higher tax bill from April 2020, when reforms to IR35 legislation are set to take effect in the private sector.The motivation behind the decision comes as HMRC aims to stop work it regards as ‘disguised employment.’ This describes a situation...
read more
Small retailers to receive business rates boost
As announced in this year's Budget, small retailers based in England will see their business rates reduced by a third. The reduction will be applicable to retail properties with a rateable value below £51,000 for two years from April 2019, subject to state aid...
read more
National insurance rise hits higher-rate earners
In the 2018 Budget, the Chancellor announced that the higher-rate income tax threshold is to increase from £46,350 to £50,000 in 2019/20. What this would mean is that taxpayers earning between £46,350 and £50,000 will see their income tax rate reduced from 40% to 20%,...
read moreIf you would like help managing any aspect of your business’s finances or accounts, please feel free to get in touch. We would like to contact you with relevant updates such as legislation updates and news that’s important for you and your business. However, due to changes in EU data protection regulations (GDPR) in May 2018, you will need to confirm that you would like to receive these from us. To give your consent is easy – please just click here.
