New rules from April for pension scheme returns – are you ready?
22 April 2025 | Mrge_Acontants
From April 6, anyone managing a pension scheme will need to submit their pension scheme return (PSR) on the Managing Pension Schemes service, with the Pension Schemes Online service no longer being used for...
Five years on from Covid – what have we learnt?
16 April 2025 | Mrge_Acontants
It’s now five years since the UK – and most of the rest of the world – went into Covid lockdown, and various things have changed since that period. One major benefit was a...
Have you had PAYE or other errors in your payroll? You could face a penalty
09 April 2025 | Mrge_Acontants
If your business has had any kind of errors in Pay As You Earn (PAYE) for your payroll, you could be facing a penalty from HMRC for not operating your PAYE correctly, including anything...
Are your employee benefits as good as you think?
02 April 2025 | Mrge_Acontants
Many companies offer employee benefits to encourage the best people to join their team, or maximise the chances of encouraging existing employees to stay. But are the benefits you offer as effective as you...
1.1m missed the January 31 deadline – can you appeal a penalty?
26 March 2025 | Mrge_Acontants
Around 1.1m of us missed the January 31 deadline to file our self-assessment tax returns for the 2023/24 tax year. For each person, this means at least a £100 penalty and potentially additional charges...
Business compliance with HMRC costs firms £15.4 billion a year
19 March 2025 | Mrge_Acontants
Meeting tax obligations is costing UK firms around £15.4 billion a year according to the National Audit Office (NAO), the body responsible for scrutinising public spending, and it appears HMRC is underestimating these costs...
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....
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