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Committee Warns Small Businesses ‘Could Pay Heavy Price’ For MTD And Latest ‘Encouragement Letters’

14th December 2018 | Written by In Accountancy | Categories : Business, Client Focus, HMRC, Making Tax Digital, Making Tax Digital
Committee Warns Small Businesses ‘Could Pay Heavy Price’ For MTD And Latest ‘Encouragement Letters’

The Economic Affairs Committee has warned HMRC that small businesses ‘could pay a heavy price’ for Making Tax Digital for VAT (MTDfV). The Committee stated that HMRC has ‘failed to adequately support small businesses’ ahead of the introduction of MTDfV. MTDfV is generally set to come into effect for the from 1 April 2019 for businesses which have a taxable turnover above the Read the full article…


Discounting – Christmas Deals or Don’ts??

13th December 2018 | Written by In Accountancy | Categories : Budget, Business, Client Focus, Limited Companies, Miscellaneous, News
Discounting – Christmas Deals or Don’ts??

It’s that time of year again when everyone is getting excited for the bargains they might find in the January sales, which if you ask me have been getting earlier and earlier in recent years. But if you’re in business and are participating in the sales season, be it the recent Black Friday, Cyber Monday, Shop Local Saturday, Boxing Day or Read the full article…


Entrepreneurs’ Relief Changes

21st November 2018 | Written by In Accountancy | Categories : Budget, Business, Client Focus, HMRC, News
Entrepreneurs’ Relief Changes

The government announced, as part of the Budget, that some changes are being made to the rules for Entrepreneurs’ Relief (ER) with immediate effect for disposals on or after 29 October 2018. Two new tests are to be added to the definition of a ‘personal company’, requiring the claimant to have a 5% interest in both the distributable profits and Read the full article…


HMRC Countdown: File Your Tax Return

17th November 2018 | Written by In Accountancy | Categories : Client Focus, HMRC, Personal Tax, Tax
HMRC Countdown: File Your Tax Return

With less than 100 days until the self assessment tax return deadline of 31 January 2019, HMRC is urging taxpayers to complete their tax returns early, in order to avoid the last minute rush. The deadline for submitting 2017/18 self assessment tax returns online is 31 January 2019. An automatic penalty of £100 applies if the return is late. HMRC Read the full article…


Personal Tax Changes – Allowance and Basic Rate Band Increases

16th November 2018 | Written by In Accountancy | Categories : Budget, Client Focus, HMRC, News, Personal Tax, Tax
Personal Tax Changes – Allowance and Basic Rate Band Increases

At the Budget, the Chancellor announced that increases to the personal allowance and basic rate band for 2019/20. The personal allowance is currently £11,850. The personal allowance for 2019/20 will be £12,500. Also for 2019/20, the basic rate band will be increased to £37,500 so that the threshold at which the 40% band applies is £50,000 for those who are Read the full article…


AUTUMN 2018 BUDGET OVERVIEW

30th October 2018 | Written by In Accountancy | Categories : Budget, Business, Client Focus, News, Pensions and Payroll, Personal Tax, Tax
AUTUMN 2018 BUDGET OVERVIEW

Autumn Budget 2018 – for “Strivers, Grafters and Carers” Budgets, as we all know, take place on Wednesdays. After the excitement of Prime Minister’s Questions, the Deputy Speaker calls ‘the Chancellor of the Exchequer’ and he – so far we have not had a female Chancellor – bounds to his feet, delivering an upbeat message about the nation’s finances and Read the full article…


No Deal Brexit? Read on if your business trades with the EU

21st September 2018 | Written by In Accountancy | Categories : Business, Client Focus, HMRC, Limited Companies, Making Tax Digital, News
No Deal Brexit? Read on if your business trades with the EU

A No Deal Brexit seems more likely today than yesterday it would appear, but what does that really mean for businesses trading with the EU? The ICAEW (Institute of Chartered Accountants of England and Wales)  tells us HMRC has begun writing to all VAT-registered businesses in the UK that currently only trade within the EU in order to inform and Read the full article…


Stockport Accountants, IN Accountancy share stories from happy clients

17th September 2018 | Written by In Accountancy | Categories : Business, Client Focus, IN Team, News, Team News, Testimonials
Stockport Accountants, IN Accountancy share stories from happy clients

We’re delighted to be able to share some new videos we have been working on recently, and extend a huge thank you to the team at Bellyflop TV for all their work in making these videos happen 🙂


Government announces that Class 2 NIC will not be abolished

14th September 2018 | Written by In Accountancy | Categories : Business, Client Focus, HMRC, Personal Tax
Government announces that Class 2 NIC will not be abolished

The government has announced that Class 2 National Insurance contributions (NIC) will not be abolished in the current parliament. It had been due to be abolished in April 2019. Class 2 NIC is payable on self-employed profits, currently at the rate of £2.95 per week. There is no liability if profits are below the small profits threshold, currently £6,205 per Read the full article…


Meet the Buyer is back – Are you looking for new business?

13th September 2018 | Written by In Accountancy | Categories : Business, Client Focus, Contractors, Events, Limited Companies, Miscellaneous, News
Meet the Buyer is back – Are you looking for new business?

Meet the Buyer is returning in 2018 on Thursday 22nd November! The popular event gives Stockport suppliers the opportunity to promote their goods and services to buyers acting on behalf of some of the largest public sector organisations from Rochdale, Stockport, Trafford and Tameside through a series of tailored appointments. Meet the Buyer events are an excellent opportunity for local small and Read the full article…