News Archives - IN-Accountancy

Limited Companies

Time to Pay Arrangements: A Lifeline for Owner-Managed Businesses

Are You Struggling to Meet Your Tax Obligations?

More than 30,000 UK businesses were involved in some kind of insolvency action in 2023, which was an increase of more than 50% compared with 2021 according to an article in the Guardian earlier this year.

And the economic outlook would suggest that despite the fact that we are no longer in recession, 2024 and 2025 will be a challenging year for UK small business.

With this in mind we have prepared the following guide and associated video to help you understand what your options are with regards to agreeing what is known as a ‘Time to Pay’ arrangement with HMRC.

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May 16, 2024

News

Maximising Child Benefit: Understanding the Higher Income Child Benefit Charge

Did you know that changes to the Higher Income Child Benefit Charge (HICBC) could mean more money for your family? So what has changed in

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May 7, 2024

Sarah at IN Accountancy sitting on a chair discussing marriage allowance

News

Marriage Allowance – What’s it worth??

Hands up if you have heard talk of Marriage Allowance? 🙋🏽‍♀️ Not exactly a reason to say ‘I do’ but definitely a little gem of

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April 8, 2024

Limited Companies

Sole Trader vs. Limited Company: A Freelancer’s Guide (2024)

Which is the best legal entity for a brand new freelancer business? It’s a question we are often asked, sole trader vs limited company, which

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January 31, 2024

Limited Companies

Advisory fuel rates from 1 December 2023

Advisory fuel rates are changing from quarter beginning 1 December 2023 for certain vehicles!

The rate for electric cars has been reduced to 9p per mile and hybrid cars are treated as petrol or diesel for these purposes. This reflects the slight decrease to electricity costs over recent months.

Other changes can be found in the main table

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December 15, 2023

an image of company director woth the support of an in accountancy accountant applying for employment allowance

News

What is the Employment Allowance and how can it benefit your business?

The Employment Allowance is a government incentive designed to support businesses by reducing their National Insurance Contributions (NICs). It gives employers the opportunity to save

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September 18, 2023

an image of a business owner working out the company payroll to avoid late payroll penalty

News

Don’t pay the penalty for missed payroll reporting

It’s easy to overlook the importance of correctly filing payroll reports on time, but it could be more costly than you think if you don’t.

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September 4, 2023

Limited Companies

Advisory fuel rates from 1 September 2023

Advisory fuel rates are changing from quarter beginning 1 September 2023 for certain vehicles!

The rate for electric cars will be 10p per mile and hybrid cars are treated as petrol or diesel for these purposes. This further increase reflects the higher electricity costs faces by energy consumers throughout the country…

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September 4, 2023

Associated Companies - Corporation Tax post 2023

Limited Companies

‘Associated Companies Rules’ what are they and why is it important to understand them?

This article explores the ‘associated companies rules’ which came into effect alongside the new corporation tax rules from 1 April 2023.

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July 13, 2023

Interest Rates Increase to 7% from 31 May 2023

Limited Companies

HMRC to increase interest on late payments yet again!

HMRC have just announced that they will raise interest rates on late payments by a further 0.25% from 31 May 2023 to 7%. Repayment rates will also increase to 3.5%

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May 18, 2023

an image of a local accountant showcasing the benefits of hiring a local accountant

News

How To Find & Hire The Right Local Accountant

Whether you’re a sole trader or a director of a limited company, you want an accountant who is reliable, knowledgeable, and trustworthy. After all, you’re

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March 20, 2023

Limited Companies

Spring Budget 2023 – A bit of a damp squib for small business?

Jeremy Hunt’s first Budget announced on Wednesday 15 March 2023 may have been a bit of a damp squib for small business, but after the chaos of Autumn 2022, for accountants, tax advisors, economists and software companies around the country I suspect there was a huge sigh of relief.

So rather than complain about the lack of anything interesting to talk about, perhaps we should remember that sometimes a little bit of stability goes a long way!

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March 16, 2023

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News

Time to Pay Arrangements: A Lifeline for Owner-Managed Businesses

Maximising Child Benefit: Understanding the Higher Income Child Benefit Charge

Marriage Allowance – What’s it worth??

Sole Trader vs. Limited Company: A Freelancer’s Guide (2024)

Advisory fuel rates from 1 December 2023

What is the Employment Allowance and how can it benefit your business?

Don’t pay the penalty for missed payroll reporting

Advisory fuel rates from 1 September 2023

‘Associated Companies Rules’ what are they and why is it important to understand them?

HMRC to increase interest on late payments yet again!

How To Find & Hire The Right Local Accountant

Spring Budget 2023 – A bit of a damp squib for small business?

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