Interest rates fall – what does it mean for you?
12 March 2025 | Mrge_Acontants
February saw another cut in the Bank of England base rate by another 0.25 percentage points to 4.5%, the third cut since August 2024. But while this should provide some relief for mortgage and...
Still time to maximise your end of tax year planning
05 March 2025 | Mrge_Acontants
Now is the time to work towards maximising your end-of-year tax planning before the new tax year starts on April 6. If you haven’t used all your allowances and reliefs for this tax year,...
Company size thresholds to increase in the UK from April
26 February 2025 | Mrge_Acontants
The official classification of company sizes is set to change from April, with many firms being identified as smaller than they were previously, which should make filing company accounts more straightforward. The new legislation,...
Stamp Duty thresholds to fall to previous levels from April 1
19 February 2025 | Mrge_Acontants
Anyone buying a property from April 1, 2025, will face higher levels of Stamp Duty Land Tax (SDLT) in England and Northern Ireland as the Stamp Duty thresholds fall back to their previous levels....
Divorces rise in January, here’s how to make it less painful
12 February 2025 | Mrge_Acontants
It’s a sad fact that more people choose to divorce in January than any other month. Many families will realise over Christmas due to the extra time they spend together that they are no...
25,000 people filed tax returns on New Year’s Day
05 February 2025 | Mrge_Acontants
While most of us were ringing in the New Year with a chorus of Auld Lang Syne or nursing a hangover from the revelries, nearly 25,000 people filed their tax return on January 1,...
HMRC’s new Basis Period Reform could bring higher tax bills this January
29 January 2025 | Mrge_Acontants
A change in the way HMRC is calculating when tax is due to be paid on profits arising for the self-employed or members of a Limited Liability Partnership (LLP) mean they could be facing...
Mixed-use property with stables pays less SDLT
22 January 2025 | Mrge_Acontants
Stamp Duty Land Tax (SDLT) is the tax payable on most property purchases within the UK, and the figures for who needs to pay what are set out very clearly by HMRC. But there...
Scammers hit Self-Assessments – here’s what to look for
15 January 2025 | Mrge_Acontants
HMRC is warning people who are filing Self-Assessment returns to be on the look out for fraudsters, after customers referred nearly 150,000 frauds to the taxman in the last year. As the January 31,...
Do you need to pay a Simple Assessment tax bill this January?
13 January 2025 | Mrge_Acontants
Most of us have heard about the Self-Assessment tax regime, especially those who are self-employed or who need to declare income outside of their main PAYE job. But some people will have received Simple...
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