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...
Tax relief claims on employee expenses changed
13 November 2024 | Mrge_Acontants
Employees on PAYE who need to make expenses claims can no longer currently make their claims online, and instead will have to use a postal system to deal with HMRC. Anyone who has out-of-pocket...
Rules on fraudulent payments change from October
11 November 2024 | Mrge_Acontants
New protection rules which came in on October 7 mean banks will now refund qualifying Authorised Push Payment (APP) payments where someone has unwittingly paid a fraudster. The rules apply to transactions made between...
Corporation Tax reminders will no longer be sent
24 October 2024 | Mrge_Acontants
Businesses will no longer receive Corporation Tax reminder letters from September, so from now on, you will need to be on top of your Corporation Tax to make sure you pay everything on time...
How to deal with an estate on death as lifetime gift clawbacks rise
16 October 2024 | Mrge_Acontants
Dealing with someone’s death is never easy, and unpicking their affairs once they have gone, especially if there has been no forward planning for this inevitable event, can be very hard on those left...
Nearly £57m in overpaid pension tax refunded in Q2
09 October 2024 | Mrge_Acontants
HMRC has had to repay a massive £56.9m in overpaid pension tax between April 1 and June 30 this year, as the problems with the emergency tax rate on flexible pension withdrawals continue to...
MTD to expand to income tax in 2026 – get ready!
02 October 2024 | Mrge_Acontants
The Making Tax Digital (MTD) regime is set to begin applying to income tax soon, and the first people to be brought into the regime will be the self-employed and landlords. Although April 2026,...
Changing VAT details must now be done online
25 September 2024 | Mrge_Acontants
Anyone who needs to make changes to their VAT details now needs to do this online through their VAT online account. Prior to August 5, you could use the VAT484 form, or another postal...
How to deal with VAT on school fees from January 2025
18 September 2024 | Mrge_Acontants
The new Labour Government will be adding VAT to school fees from January 1 next year, which will increase the bill to parents by 20%, unless schools choose to reduce fees another way to...
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