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APRIL 11, 2023

See: Rates and thresholds for employers 2023 to 2024 Read more of Inform's tax blogs : Struggling to pay tax – What should you do? Remember to declare COVID-19 grants on your tax return Taxing cryptoassets: what you need to know Help to grow - Government funded business support programmes

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DECEMBER 12, 2022

Businesses that use Royal Mail's services are urged to plan ahead as strike action is expected to take place this winter. Read more of Inform's tax blogs : Struggling to pay tax – What should you do? Help to grow - Government funded business support programmes.

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APRIL 4, 2023

See: HMRC late payment interest rates to be revised after Bank of England increases base rate Read more of Inform's tax blogs : Struggling to pay tax – What should you do? Remember to declare COVID-19 grants on your tax return Taxing cryptoassets: what you need to know Help to grow - Government funded business support programmes

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JULY 18, 2023

From 6 April 2024, all unincorporated businesses will be taxed on their profit or loss arising in the tax year, regardless of their accounting end date. These businesses will be subject to a special profit catch-up rule but will also be able to claim overlap relief against their 2023-24 taxable profits. We're here to help.

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FEBRUARY 6, 2023

See: National Minimum Wage and National Living Wage rates Read more of Inform's tax blogs : Struggling to pay tax – What should you do? Remember to declare COVID-19 grants on your tax return Taxing cryptoassets: what you need to know Help to grow - Government funded business support programmes

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JANUARY 30, 2023

The Department for Work and Pensions (DWP) has announced more detail on the payment schedule for the next round of cost of living support. Exact payment windows will be announced closer to the time but are spread across a longer period to ensure a consistent support offering throughout the year.

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NOVEMBER 24, 2022

Read more of Inform's tax blogs : Struggling to pay tax – What should you do? Help to grow - Government funded business support programmes. Royal Mail are adding barcodes to their regular stamps. After 31 January 2023, regular stamps without a barcode will no longer be valid.

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DECEMBER 6, 2022

The Self-Employment Income Support Scheme (SEISS) application and payment windows during the 2021 to 2022 tax year were: SEISS 4: 22 April 2021 to 1 June 2021. SEISS is not the only COVID-19 support scheme that should be declared on tax returns. A business. Help to grow - Government funded business support programmes.

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AUGUST 4, 2022

Read more of Inform's tax blogs : Struggling to pay tax – What should you do? Help to grow - Government funded business support programmes. New just in - the Bank of England has announced the largest increase in interest rates in 25 years, from 1.25% to 1.75%.

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JULY 4, 2022

A traineeship is a work-based skills development programme that includes a work placement. There is a free government scheme (outlined below), although you may have your own business costs. The full programme can last from 6 weeks to 1 year, though most traineeships last for between 6 weeks and 12 weeks.

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JANUARY 23, 2023

This ban will be introduced from October 2023, allowing businesses time to prepare. From October, people won’t be able to buy these products from any business - this includes retailers, takeaways, food vendors and the hospitality industry. According to estimates, England uses 2.7

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MAY 24, 2022

The Recovery Loan Scheme supports access to finance for UK businesses as they grow and recover from the disruption of the COVID-19 pandemic. The Scheme is to help businesses of any size access loans and other kinds of finance so they can recover after the pandemic and transition period.

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NOVEMBER 24, 2022

If your business submits its return late (which also applies if you submit a nil or repayment return late), you could face penalty points and a?£200 Read more of Inform's tax blogs : Struggling to pay tax – What should you do? Read more of Inform's tax blogs : Struggling to pay tax – What should you do?

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MARCH 13, 2023

Mr Hunt has stated that he hopes to start the process of business tax cuts in his Autumn statement later this year, dependant on the OBR forecasts for the UK. Read more of Inform's tax blogs : Struggling to pay tax – What should you do? His focus will be to continue to clamp down on double digit inflation.

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DECEMBER 14, 2022

Millions of employees will be able to request flexible working from day one of their employment, under new government plans to make flexible working the default. The new measures will give employees greater access to flexibility over where, when, and how they work, and the government hopes will lead to happier, more productive staff.

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JANUARY 9, 2023

However, the government, recognising the current economic environment and the significant change that a transition to Making Tax Digital represents, has pushed this back to April 2026. In response, they will receive an estimated tax calculation based on the information provided to help them budget for their tax.

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JANUARY 16, 2023

The Government has announced a new Energy Bills Discount Scheme (EBDS) from April 2023 to April 2024 for eligible non-domestic consumers in Great Britain and Northern Ireland. It supports businesses and public sector organisations such as schools and hospitals by providing a discount on wholesale gas and electricity prices.

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JUNE 27, 2022

Read more of Inform's tax blogs : Struggling to pay tax – What should you do? Help to grow - Government funded business support programmes. This means that the late payment interest rate will increase to 3.75% from 5 July 2022. The rate last increased to 3.5% Source: [link].

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NOVEMBER 14, 2022

These "nudge" letters are widely targeted at individuals or businesses based on information received, primarily from the tenancy deposit scheme. Get in touch today on 0121 667 3882 , or email our Business Development Manager at charlie.sangha@informaccounting.co.uk. Help to grow - Government funded business support programmes.

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MARCH 21, 2023

On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget to Parliament and set out a plan to reduce inflation, grow the economy and get government debt falling all whilst avoiding a recession and tackling labour shortages. In this blog we set out some of the main tax rates. DISCLAIMER Rates are for guidance only.

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MAY 31, 2022

Where the employer does not pay for any fuel for the company car these are the amounts that can be reimbursed in respect of business journeys from 1 June 2022. Read more of Inform's tax blogs : Struggling to pay tax – What should you do? Help to grow - Government funded business support programmes.

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NOVEMBER 28, 2022

With all of the U-turns on tax policy in the last couple of months, businesses may be confused about what changes are going ahead and which ones have been scrapped by the new chancellor. HMRC suggest that end-users utilise the Check Employment Status for Tax service to help them decide if the off-payroll working rules apply.

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FEBRUARY 20, 2023

To help protect state pension and other benefits it may be beneficial for people to make voluntary NI contributions to top up their contribution history, potentially increasing the amount of state pension they will receive. At present, voluntary contributions can be made to plug gaps back to April 2006, but this will be curtailed from April.

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MARCH 7, 2023

The new penalties will impact businesses who submit their VAT returns or pay their VAT late. The penalties for late VAT returns also apply to businesses that submit nil returns and repayment returns. Late payment penalties If a VAT payment is more than 15 days overdue, businesses will pay a first late payment penalty.

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JANUARY 10, 2023

Here to help. Read more of Inform's tax blogs : Struggling to pay tax – What should you do? Read more of Inform's tax blogs : Struggling to pay tax – What should you do? Help to grow - Government funded business support programmes. This is an extra 10 years.

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APRIL 11, 2023

There are costs to running a business, and whilst electricity, gas and water seem like obvious expenses to a traditional brick and mortar business, there are other costs such as motor expenses that may not seem as clear cut. This blog aims to demystify which expenses are claimable, how you claim them, and how to calculate them.

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JUNE 27, 2023

It applies regardless of whether VAT is owed to HMRC or whether the business is reclaiming VAT back from HMRC. A VAT-registered business will receive a penalty point each time they file their VAT return late. A VAT-registered business will receive a penalty point each time they file their VAT return late. We're here to help.

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MARCH 15, 2023

However, finding staff is a problem faced by most small businesses. This budget was the Chancellor's way of helping alleviate this shortage. This budget was the Chancellor's way of helping alleviate this shortage. He has done this by: Providing more funded childcare. It is believed that inflation will fall to 2.9%

Non-Profits 52

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JUNE 23, 2022

We appreciate agents' and claimants' patience while we handle these claims and continue to offer the guidance below: To help us process your R&D payment quickly, please ensure you have completed all entries on the R&D section of your Corporation Tax return (CT600 form). Help to grow - Government funded business support programmes.

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OCTOBER 14, 2022

It is clear that the Conservative government is in turmoil right now. As a fellow business owner, my hope is for some stability and certainty in the months ahead. It is important to keep an eye on your business’s cash going forward. We are here to help. Help to grow - Government funded business support programmes.

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AUGUST 9, 2023

If you have a spare room in your home, you may consider letting it out to raise some much-needed cash to help meet rising living costs. We're here to help. Read more of Inform's tax blogs : Struggling to pay tax – What should you do? The scheme applies where you let out furnished accommodation in your own home.

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SEPTEMBER 20, 2022

So what actions can we expect from the government in the next few weeks? Chancellor Kwasi Kwarteng will outline how the government intends to fund the measures to help with the cost-of-living crisis on Friday 23rd September in what is described as a “fiscal event”.

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JULY 18, 2023

Option 2 – pension contributions Making pension contributions can be tax-efficient, with the added benefit of building up funds for retirement. We're here to help. Read more of Inform's tax blogs : Struggling to pay tax – What should you do? The personal allowance is set at £12,570 for 2023/24.

Tax 52

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DECEMBER 12, 2022

For the last couple of years during the Covid-19 pandemic many businesses put on “virtual” Christmas parties for their employees and HMRC agreed that would be acceptable and that the exemption from tax would continue to apply. Read more of Inform's tax blogs : Struggling to pay tax – What should you do? Staff Christmas Parties.

Tax 52

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AUGUST 25, 2022

The rates only apply in the following circumstances: reimburse employees for business travel in their company cars; or. When employees are reimbursed for business travel in their company cars, HMRC will accept there is no taxable profit and no Class 1A national Insurance to pay. These rates cannot be used in any other circumstances.

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NOVEMBER 14, 2022

R&D Funding - In a further blow to entrepreneurship, this funding could be cut. Read more of Inform's tax blogs : Struggling to pay tax – What should you do? Help to grow - Government funded business support programmes. Remember to declare COVID-19 grants on your tax return.

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OCTOBER 17, 2022

The help with energy costs is still going ahead but only until April. From April there is likely to be a different and more targeted regime to help with energy costs. We will, of course, then, give you a full rundown of any changes which will impact you or your business. After all, we are living in “ interesting times ”.

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