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...
HMRC’s gifts for the employer’s Christmas party
24 December 2024 | Mrge_Acontants
Each year there are a number of items you can claim for when you’re planning the firm’s Christmas party, and looking at this ahead of the festive season can result in savings for your...
IHT thresholds frozen to 2030 and pensions in by 2027
18 December 2024 | Mrge_Acontants
Inheritance tax is one of the most unpopular taxes in the UK, as many people will pay 40% tax for the first time after they have died. The confirmation in the Budget that the...
National Insurance increases for employers from April 2025
11 December 2024 | Mrge_Acontants
One of the biggest announcements in the Budget was the increase in employers’ National Insurance Contributions (NICs) from April 2025, which will result in serious cost increases for the majority of employers affected. Employers...
First Labour Budget 2024 – the changes announced
05 December 2024 | Mrge_Acontants
Labour Chancellor Rachel Reeves delivered her first Budget at the end of October – which was also the first Budget ever delivered by a female Chancellor of the Exchequer, with Britain’s wealthiest people and...
New rules on tipping mean staff will get every penny
27 November 2024 | Mrge_Acontants
Business owners whose staff are given tips by customers must now ensure every penny given goes to the workers and none of it is kept by the business owner. The rule change, which came...
Just six months left to top up state pension back to 2006
20 November 2024 | Mrge_Acontants
Anyone with an incomplete National Insurance record between 2006 and 2016 has until April 5, 2025, to top up their National Insurance (NI) payments to get the maximum state pension. Ordinarily, voluntary NI top-ups...
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