Inaccountancy Stockport
0161 456 9666

News

More than £30 million lost to pension scams

25th September 2020 | Written by In Accountancy | Categories : News, Pensions and Payroll
Tagged in:
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
Read the full article…


Winter Economy Plan

24th September 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
Tagged in: coronavirus, covid-19,
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,
Read the full article…


How do I close my Limited Company?

23rd September 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Small Business Advice, Tax Advice
Tagged in: HMRC,
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
Read the full article…


Stockport Accountants IN-Troduce Paul Smith, Associate Director

22nd September 2020 | Written by In Accountancy | Categories : Limited Companies, News, Small Business Advice, Team News
Tagged in: accountants, Stockport,
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
Read the full article…


Business Mileage Allowance

21st September 2020 | Written by In Accountancy | Categories : Limited Companies, News, Small Business Advice, Sole Traders, Tax Advice
Tagged in: business mileage,
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
Read the full article…


Kickstart Scheme opens for applications

18th September 2020 | Written by In Accountancy | Categories : CoronaVirus, News, Small Business Advice
Tagged in:
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
Read the full article…


Advisory fuel rates for company cars

15th September 2020 | Written by In Accountancy | Categories : Limited Companies, News
Tagged in:
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
Read the full article…


Furlough fraud – make corrections or face fines!

13th September 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Pensions and Payroll, Small Business Advice
Tagged in: Furlough, HMRC,
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
Read the full article…


Redundancy packages and tax liability

10th September 2020 | Written by In Accountancy | Categories : CoronaVirus, News, Pensions and Payroll, Personal Tax, Tax Advice
Tagged in: redundancy,
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

19th August 2020 | Written by In Accountancy | Categories : News, Personal Tax, Tax Advice
Tagged in:
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
Read the full article…


Government announces review of business rates scheme

17th August 2020 | Written by In Accountancy | Categories : News, Small Business Advice
Tagged in:
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
Read the full article…


Treasury sets out next steps for HMRC Making Tax Digital

14th August 2020 | Written by In Accountancy | Categories : News, Personal Tax, Tax Advice
Tagged in:
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
Read the full article…