Accounting News And Articles

Chancellor Jeremy Hunt announced his Spring Budget in parliament yesterday, bringing us eagerly awaited tax cuts and increased allowances. In this blog post we are dissecting the highlights and implications of his decisions, and letting you know how all of this affects you! National Insurance The first major change made to National Insurance is the rate for employees (class 1) will be decreasing from 10% to 8% from April. This is expected to save workers on an average salary

Today (22nd November 2023) we have heard the Chancellor Jeremy Hunts's Autumn Budget. There was a lot that was announced in this and below are a few key points we feel you will want to know about. National Minimum Wage The National Minimum Wage (NMW) has been increased for all, with the most notable increase being to the National Living Wage (NLW). To start with, the NLW has increased by more than a pound to £11.44 per hour from April 2024. The current NLW is £10.42. Curre

Today Chancellor Rishi Sunak announced the Government's 2022 Spring Budget, which included various things that will affect businesses and individuals. We have summarised what you need to know below: Cutting fuel duty by 5p per litre The cut is in place from 6 pm on 23rd March 2022 The cut will last for the next 12 months Increasing Employment Allowance from £4,000 to £5,000 The employment allowance is a relief that eligible businesses can use to reduce the amount of Employer

Once again following on from a change in the government guidance this week, all of our staff will be moving back into the office from Monday 24th January 2022 (hopefully for the last time). You will not notice anything different however as we are now fully set up for flexible working, meaning our staff are able to work anywhere easily. We are however allowing clients back into our office but we would still ask you to call to book a meeting with whoever you need to see so you

On Wednesday Boris Johnston announced that employees should work from home from Monday 13th December 2021 if they can. Our employees are able to work from home with ease, so we have taken the difficult decision to ask our employees to work from home once again. Our number 1 priority is keeping our employees safe and with Christmas around the corner, it is the right thing to do. However, we are doing things slightly different than last time and we are still going to be keeping

Yesterday the Chancellor took to the house of commons to announce the Autumn Budget where he announced a significant increase in spending pledges! There was not a lot announced in regards to tax, but there were a few bits we would like to highlight for our clients. To start with, the National Living wage and minimum wage are rising across the board. The rates from April 2022 will be: ​ 23 and over 21 to 22 18 to 20 Under 18 Apprenctice Current rate £8.91 £8.36 £6.56 £4.62 £4.

It has been announced today (23/09/2021) that the planned rollout of MTD for Income Tax and Self-Assessment in April 2023 has been delayed until April 2024. I would assume that quite a few of our clients have not yet heard much about MTD ITSA and this is because we had decided not to talk to too many of our clients about this to date. The reason behind this is we did not want to start to worry any of our clients about this yet until we have figured out exactly who is affected

It has today been announced by the Prime Minister that National Insurance is going to rise by 1.25% which will take effect in April 2022. This is to address the funding crisis in health and social care. This is an increase in both employers and employees NI. From 2023 the NI increase will appear on employee's payslips as a separate Health & Social Care levy. You can see below how this will affect National Insurance Annual Salary Current yearly payment Additional yearly paymen

So the budget was announced yesterday and it was full of useful information that we are sure you want to know more about, more specifically the extra support announced for businesses as you are allowed to start to re-open. Below we have summarised all of the information for you, and over the next couple of weeks, we will release more detailed information including videos on our YouTube channel about the support now available to businesses. Let's start off with what was annou

Following on from the updated guidance from the Government about working from home, we have taken the hard decision to close our offices.

We have said in a previous post that we are planning on returning to the office on Monday 14th September 2020. Well, I am pleased to let you

We have been asked a few times now about when we are planning to reopen our offices. If you have kept up to date with our other updates then

The other week we posted an update stating that we were thinking about going back to work from the office from yesterday 29th June.

As time goes on and more shops and businesses start to reopen, the question is being raised about when we are going to be going back to work

As I am sure you will know due to the Coronavirus we took the decision on the 23rd March 2020 to close our office and ask our employees to

Following on from advice from the Government, we have today taken the decision to close our offices and ask our employees to work from home. All of our employees are able to work from home and we are going to be taken the time today to get this set up. A few things that you should note is: - There may be a delay in getting any post received across to you. The post is going to be collected from the office once a week, so you will only get a delay of up to one week. - We will n

The UK is currently in the 'delay' stage of tackling the Coronavirus (Covid 19) and we are doing our best to help prevent the spread of the Coronavirus but still offer the level of service that our clients expect from us, whilst still ensuring that we protect our employees. Following on from the government's announcement yesterday about the Coronavirus we are continuing with the following measures in line with our update yesterday: - Cancellation of client visits - Cancellati

The UK is currently in the 'delay' stage of tackling the Coronavirus (Covid 19) and we are doing our best to help prevent the spread of the Coronavirus but still offer the level of service that our clients expect from us, whilst still ensuring that we protect our employees. At this time we have decided to keep our offices open and continue working as normal, but have introduced the following: - The ability to host virtual meetings - Cancellation of client visits - Cancellatio