Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
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.
02 March 2021
Chancellor faces tough decisions if optimism is to spring from March BudgetOn March 3, the Chancellor will map out the next phase of the UK Government’s COVID-19 recovery strategy in his Spring Budget - the question is: which areas will be used to plug the huge spending gap the pandemic created or will he choose to invest further to stimulate growth and put tax rises on hold? And how will it affect the local economy in the North East?
26 February 2021
A critical Budget balancing act is required from Rishi SunakIt will go down as one of the most well-worn clichés of recent times but the last year really has been unlike any other that we have ever experienced. With that in mind, you have to feel a certain level of sympathy for Chancellor of the Exchequer, Rishi Sunak, who is currently preparing his first budget in 12 months.
Senga Prior
Tax Senior Manager
12 February 2021
Issues with Class 2 National Insurance Contributions and Time to Pay arrangementIf you have Class 2 National Insurance Contributions (NIC) to pay and have entered into a Time to Pay arrangement (TTP), or did not pay your liability in full, then you may find yourself facing issues if you wish to claim any contributory benefits.
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