News
More than £30 million lost to pension scams
Over £30 million has been lost to pension scams since 2017, according to the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR). A total of £30,857,329 in pension savings has been lost to scammers since 2017, data published by
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Winter Economy Plan
Rishi Sunak outlined his Winter Economy Plan this afternoon – below I have summarised what we know so far and what exactly that means for our small business clients. Winter economy plan – As not everything will apply to everyone,
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How do I close my Limited Company?
How do I close my limited company is a question we have been asked multiple times over recent months, and for a variety of reasons. So maybe the first question to answer is why directors are considering closing their limited
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Stockport Accountants IN-Troduce Paul Smith, Associate Director
Stockport Accountants IN Accountancy are delighted to announce the appointment of Paul Smith FCCA FMAAT as Associate Director starting September 2020 Please join us in welcoming Paul Smith to the IN Team. Paul joined Stockport accountants IN Accountancy as Associate
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Business Mileage Allowance
Business Mileage Allowance – How does it work and what can you claim? Business owners frequently ask us whether they can claim for all the fuel they use in their personal vehicle because they use it for business purposes. But
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Kickstart Scheme opens for applications
On 2 September 2020, the government’s £2 billion Kickstart Scheme opened for employer applications. The scheme is part of the Plan for Jobs announced during Chancellor Rishi Sunak’s July Summer Economic Update. The Kickstart Scheme aims to create work placements
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Advisory fuel rates for company cars
New company car advisory fuel rates have been published which came into effect from 1 September 2020. The rates only apply to employees using a company car. The guidance states: ‘You can use the previous rates for up to one
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Furlough fraud – make corrections or face fines!
Taxpayers who have received CJRS or SEISS grants are urged to doublecheck their entitlement as the 90 day period to inform HMRC of any overclaimed amounts is now law. Furlough fraud – Do you need to be worried about overclaimed
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Redundancy packages and tax liability
Redundancy packages are unfortunately at the front of many minds at the moment, with many people asking “Will the taxman get his hands on…
Chancellor asks OTS to review capital gains tax
Chancellor Rishi Sunak has asked the Office of Tax Simplification (OTS) to carry out a thorough review of capital gains tax (CGT). In a letter to the OTS, the Chancellor requested that the independent office review CGT and aspects of
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Government announces review of business rates scheme
The government has published a call for evidence on the overhaul of the business rates system that applies in England. The government announced at the 2020 Budget in March that it would conduct a review of the business rates system
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Treasury sets out next steps for HMRC Making Tax Digital
On 21 July, the Treasury set out the next steps in its plan to extend Making Tax Digital (MTD) to all businesses and those taxpayers that file self assessment returns. Currently, businesses above the VAT threshold of £85,000 are required
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