Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
16 September 2021
Proposed changes to income tax basis periods delayed by a yearA new Government proposal, which will impact the tax position of unincorporated businesses, trusts and partnerships unless their accounting period is already aligned with the tax year end, has been delayed by a year. The proposal aligns with the Government’s plans for Making Tax Digital (MTD) for income tax, which has also been delayed by a year until April 2024.
08 September 2021
A Budget in all but nameThe Prime Minister has announced a health and social care levy ahead of the Spending Review and Autumn Budget to be held on 27 October.
28 April 2021
Fourth Self Employed Income Support Scheme grant now openThe fourth Self Employed Income Support Scheme (SEISS) grant for self-employed individuals affected by coronavirus restrictions is now open for applications, closing on 1 June 2021.
11 March 2021
Budget 2021: Personal financesOn 3 March, Chancellor Rishi Sunak, delivered his “Budget for recovery”. Without doubt this was one of the most anticipated budgets in memory, with much speculation on how he plans to deal with the huge black hole of debt accumulated during the pandemic. Jennifer Duncan, Financial Planner, takes you through what you need to know about how this may impact your personal finances.
03 March 2021
Budget 2021: Tax administration for income taxUpcoming changes to income tax penalties were announced in the Spring Budget. Due to come into effect from 6 April 2023, these will ease the pressure on those experiencing short term payment difficulties.
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