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Merry Christmas from IN Accountancy

18th December 2020 | Written by In Accountancy | Categories : News, Team News
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Merry Christmas from IN Accountancy

What an evening we had yesterday at IN Accountancy! Without being able to arrange a Christmas Do this year for obvious reasons, we still felt that we had to do something to reward the IN Accountancy team for all their
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Get prepared for the end of the Brexit transitional period

17th December 2020 | Written by In Accountancy | Categories : News, Small Business Advice
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Get prepared for the end of the Brexit transitional period

It is time to prepare for the end of the Brexit transitional period. Whilst the United Kingdom officially left the European Union (EU) on 31 January 2020, this prompted the start of an 11-month transitional period during which time the
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Virtual Christmas parties will qualify for tax exemption

16th December 2020 | Written by In Accountancy | Categories : Limited Companies, News, Sole Traders
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Virtual Christmas parties will qualify for tax exemption

HMRC has confirmed that they will accept a virtual Christmas party as an event which is capable of falling within the tax exemption rules for annual functions. The Association of Taxation Technicians (ATT) has received the following statement from HMRC:
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Advisory fuel rates for company cars

11th December 2020 | Written by In Accountancy | Categories : Client News, Limited Companies, News
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Advisory fuel rates for company cars

New company car advisory fuel rates have been published and took effect from 1 December 2020. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only apply
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Self-assessment taxpayers warned to watch out for scammers posing as HMRC

9th December 2020 | Written by In Accountancy | Categories : Client News, Limited Companies, News, Small Business Advice, Sole Traders, Tax Advice
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Self-assessment taxpayers warned to watch out for scammers posing as HMRC

HMRC is warning self-assessment taxpayers to be alert to the danger of scammers posing as the tax authority in the lead up to the tax return deadline. Every year HMRC issues thousands of SMS messages and emails as part of
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Outsourced Team Member – Hiring Now…

8th December 2020 | Written by In Accountancy | Categories : Client News, News, Small Business Advice, Sole Traders, Team News
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Outsourced Team Member – Hiring Now…

It’s exciting times at IN Accountancy as we announce that we are recruiting once again. We’re looking for an outstanding individual to join the IN Team as an outsourced team member. If you, or someone you know, fits the bill,
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HMRC confirms MTD for corporation tax to be mandated from 2026

7th December 2020 | Written by In Accountancy | Categories : Client News, Limited Companies, News
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HMRC confirms MTD for corporation tax to be mandated from 2026

In a new consultation HMRC has confirmed that Making Tax Digital for corporation tax (MTD for CT) will not be implemented until 2026 ‘at the earliest’. The consultation considers how the principles created for MTD could be established for companies
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£1 million Annual Investment Allowance cap extended

4th December 2020 | Written by In Accountancy | Categories : Limited Companies, News
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£1 million Annual Investment Allowance cap extended

The Treasury has confirmed that the £1 million cap on the Annual Investment Allowance (AIA) is to be extended for an additional year as the government continues to look at ways to stimulate the economy. The AIA provides a tax
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Electric Vehicles – To buy or not to buy??

4th December 2020 | Written by In Accountancy | Categories : Limited Companies, News, Personal Tax, Small Business Advice, Tax Advice
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Electric Vehicles – To buy or not to buy??

Or should we say to lease or not to lease?? In the company, or keep it personal?? Have you guessed what I’m talking about yet? Well, probably as it’s in the title, which we have to do from an SEO
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Crown Preference – what you need to know!

30th November 2020 | Written by In Accountancy | Categories : Construction Industry, Limited Companies, News, Small Business Advice, Tax Advice
Tagged in: insolvency, Tax,
Crown Preference – what you need to know!

What is Crown preference? Why does it make a difference? Will it impact a personal guarantee? In the World of Covid, with Brexit around the corner, it is easy to forget that there is another change that will impact the
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ATT issues last call for firms seeking to use increase in Annual Investment Allowance

30th November 2020 | Written by In Accountancy | Categories : News
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ATT issues last call for firms seeking to use increase in Annual Investment Allowance

The Association of Taxation Technicians (ATT) has issued a last call for businesses looking to make use of the increase in Annual Investment Allowance (AIA). The AIA will be reduced from £1 million to £200,000 from 1 January 2021. Businesses
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Brexit imports and exports

27th November 2020 | Written by In Accountancy | Categories : Limited Companies, News, Small Business Advice, Sole Traders, Tax Advice
Tagged in: Brexit, export, import,
Brexit imports and exports

From 1 January 2021, the UK will operate a full external border with the EU, which will entail major changes for imports and exports to and from the trading bloc. From 1 January 2021, declarations will be needed to import
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