How will the new 12.5% VAT rate affect businesses? On 1 October 2021 a new VAT rate of 12.5% will be introduced for most sales made by a hospitality business. How will businesses need to deal with the rate change in their purchase records and what savings can be made using the tax point rules? ... Read More
NI rates hiked – how much more will workers pay? MONTHLY FOCUS: NI RATES HIKED – how much more will workers pay? Earlier today (7 September) Boris Johnson announced that NI and dividend tax rates will be hiked to help fund social care, pay for coronavirus support measures and clear the NHS backlog. Who will ... Read More
MONTHLY FOCUS: PROVIDING TAX-FREE BENEFITS TO EMPLOYEES (PART 1) Tax-Free Benefits – 31.08.2021 Providing benefits that are exempt from income tax is a great way to reward employees in a tax-efficient way. Which benefits qualify for tax-free treatment? Making tax-free benefits available to employees Can an employer provide employees with tax and NI-free benefits? Although ... Read More
Dunham News Window Go directly to the News Window Window of News More than 2 Million news articles are published every day online… Now 2,000,001 The task of filtering out the big news articles, or important news for you is no easy task. Constantly Updated News We have updated the way we compile our news ... Read More
Budget 2021 Review- Introduction The Chancellor Rishi Sunak presented his second Budget on Wednesday 3 March 2021. In his speech he stated his Budget ‘meets the moment with a three-part plan to protect the jobs and livelihoods of the British people’. Main Budget proposals Tax measures include: a super-deduction for companies investing in new plant ... Read More
Updates from GOV.UK Coronavirus (COVID-19) For more information about each update click on the article heading to access the GOV.UK website information directly. How to complete the educational setting status form Page summary: This data will help the government monitor the impact of coronavirus (COVID-19) on settings, focus support more effectively and keep children safe. ... Read More
Coronavirus: relaxation of the statutory annual leave rules HOLIDAYS Regulations have taken effect which amend the Working Time Regulations 1998 to relax the current restriction on carrying forward untaken annual leave. What’s been amended and why? Under the Working Time Regulations 1998 (WTR), workers have a statutory right to 5.6 weeks’ paid annual leave. The ... Read More
CORONAVIRUS Covid -19 Self-Employed Update Are your self-employed clients eligible for the 80% grant CORONAVIRUS The government has confirmed that the self-employed will receive financial support if their business has been affected by coronavirus. Are your clients eligible and how can you help them? Who can get the grant? Self-employed individuals or members of a ... Read More
CORONAVIRUS Covid -19 General Update Wednesday, 25th March 2020 THE HOT STORY Businesses to be given an additional 3 months to file accounts A joint initiative between the government and Companies House means that businesses will from today be able to apply for an additional 3 months to file accounts. The move is designed ... Read More
Making Tax Digital in 2019 HMRC are Starting with VAT first. As part of our accounting services and ongoing support to you our clients we have written this communique to keep you informed about the Tax changes taking place this year. We have kept this explanation as simple as possible, tax can get complicated dependant ... Read More
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