Self-assessment thresholds change for PAYE workers
12 July 2023 | Mrge_Acontants
The threshold for people taxed through PAYE who are required to file a self-assessment return has increased from £100,000 to £150,000. Those affected should be contacted by HMRC if they need to change anything....
New tax regime for sole traders and partnerships starts
05 July 2023 | Mrge_Acontants
HMRC is changing the way sole traders and partnerships need to calculate profits for their self-assessment returns. The Revenue will require the profits to be declared for the tax year in question, rather than...
How you can benefit from salary sacrifice
28 June 2023 | Mrge_Acontants
Salary sacrifice is something you may have come across before but not fully understood. After all, why would anyone want to voluntarily give up some of their salary? The reality is that, in some...
Deadline to catch up on National Insurance contributions extended
21 June 2023 | Mrge_Acontants
Anyone with an incomplete National Insurance contributions (NICs) record between April 2006 and April 2016 now has until July 31 to add to their NICs to qualify for a full State Pension after HMRC...
Can hybrid working boost your business?
14 June 2023 | Mrge_Acontants
The pandemic brought a lot of changes to our businesses, some good and some bad. One that has continued to be a topic of conversation is the desire for more people to be able...
Base rate rises again – what it means for business
07 June 2023 | Mrge_Acontants
The cost-of-living crisis is taking its toll across all areas of our lives now. While inflation has fallen very slightly this month to 8.7%, food prices remain stubbornly high, and the Bank of England...
Check your PAYE code is correct for this tax year
24 May 2023 | Mrge_Acontants
Every employee working for a company has a Pay-As-You-Earn (PAYE) code which denotes how much tax you will pay in a year. If this code is incorrect, it could mean you are paying more...
Could you benefit from a free Government midlife MOT?
17 May 2023 | Mrge_Acontants
Our cars go through MOTs each year once they reach a certain age, but have you ever thought of giving yourself an MOT? The Government is offering a free midlife MOT for those in...
Pension Carry Forward rules are now more beneficial
10 May 2023 | Mrge_Acontants
The Chancellor made some major changes to the pension rules in the March Budget, and one key amendment has made using something called ‘Carry Forward’ rules much more beneficial for pension savers. How...
Make the most of the new tax year by acting now
03 May 2023 | Mrge_Acontants
The new tax year started on April 6 and while many people will wait until the last minute to maximise the tax benefits available to them, there is a lot to be said for...
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