Could you be better off by claiming Marriage Allowance?
17 January 2024 | Mrge_Acontants
HMRC is encouraging those who are either married or in a civil partnership to check whether they could be up to £252 a year better off by claiming Marriage Allowance. It has launched a...
NICs changes to start from January 6
15 January 2024 | Mrge_Acontants
Just a quick reminder that the reduction of Class 1 National Insurance Contributions (NICs) will begin on January 6, 2024. From this date, the amount paid on Class 1 NICs will fall from 12%...
Big plans for private and State Pensions
20 December 2023 | Mrge_Acontants
Pensions are set to have one of the biggest overhauls in recent memory, as the Chancellor also announced a consultation on plans that would bring significant changes to pensions in the UK. The biggest...
Christmas party with a gift of tax breaks
15 December 2023 | Mrge_Acontants
Yes, it’s that time of year again! Christmas is on the horizon, and the office Christmas party planning will be in full swing for many companies across the UK. So, if you are planning...
Autumn Statement NICs changes in detail
13 December 2023 | Mrge_Acontants
The biggest tax cuts announced by the Chancellor in his Autumn Statement were in NICs, where self-employed people will no longer pay Class 2 NICs at all from April 6, 2024. Class 4 NICs...
Chancellor announces tax cuts and business boosts
06 December 2023 | Mrge_Acontants
Chancellor Jeremy Hunt announced several tax breaks for individuals and businesses in this year’s Autumn Statement ahead of the General Election next year. While they will help to put a little more money back...
Advance Valuation Rulings on imported goods
29 November 2023 | Mrge_Acontants
Importers of goods to the UK from overseas no longer need a business tax account to get an Advance Valuation Ruling for their goods. The rulings, which last for up to three years, mean...
How to spot tax avoidance schemes
22 November 2023 | Mrge_Acontants
Thousands of people found themselves caught up in the IR35 tax avoidance problems, where freelancers who were earning through a limited company set up to deal with their income were deemed – retrospectively –...
Tax advice error could impact your State Pension
15 November 2023 | Mrge_Acontants
Group income protection policies taken out through employer salary sacrifice schemes have been wrongly treated for tax thanks to incorrect advice given by HMRC to the Association of British Insurers back in October 2019....
Could you have money sitting in lost or forgotten accounts?
08 November 2023 | Mrge_Acontants
The cost-of-living crisis is hitting many of us hard, no matter how well off we might be. But there are many people who have money sitting in lost bank or building society accounts, pensions...
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