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Don’t Pay HMRC More Than You Owe

10th January 2018 | Written by In Accountancy | Categories : Contractors, News
Don’t Pay HMRC More Than You Owe

But do make sure you pay on time Here’s how… STEP 1: Find your UTR Find the letter from HMRC requesting you complete a self assessment tax return, and locate your personal Unique Tax Payer’s Reference code (UTR) STEP 2: Create your Digital Tax Account If you are completing your own tax return online for the first time you will Read the full article…


Working from Home? Your guide to what you can and can’t claim…

6th December 2017 | Written by In Accountancy | Categories : Contractors, News
Working from Home? Your guide to what you can and can’t claim…

Working from Home? Your guide to what you can and can’t claim in terms of tax relief… There are a number of opportunities to obtain tax relief if you work from home. These can vary substantially dependent on the amount of time you spend in your home office, the type of work you do or business you run, and whether Read the full article…


Business mileage and tax relief explained

1st December 2017 | Written by In Accountancy | Categories : Contractors, News
Business mileage and tax relief explained

Business mileage and tax relief explained What is business mileage? How is it worked out and how do we claim tax relief on the miles we travel each year?  These are questions we hear week in, week out from local businesses in and around Stockport. If you use your own car or van for business purposes you maybe able to Read the full article…


How to change accountants – it’s easier than you think!

30th November 2017 | Written by In Accountancy | Categories : Contractors, News
How to change accountants – it’s easier than you think!

How to change accountants – it’s easier than you think! The reason most often given to us as to why individuals and businesses stay with unsatisfactory accountants for longer than there is any need for them to do so, is simply fear: Fear of the potential complexity of changing accountants Fear of any associated costs Fear of the unknown (otherwise known Read the full article…


IN Accountancy TOMs Awards 2017 Best Boutique Accountancy Practice

25th September 2017 | Written by In Accountancy | Categories : Contractors, News, Testimonials

IN Accountancy, Stockport are absolutely thrilled to have once again been shortlisted for a Talk of Manchester TOMs award – this year for the BEST BOUTIQUE ACCOUNTANCY PRACTICE 2017. We don’t know who nominated us – apparently we had a number of nominations in more than one category – so thank you, whoever and wherever you are 🙂 So, now we move Read the full article…


Government’s U-Turn on their U-Turn regarding Tax Free Pension Allowances

14th July 2017 | Written by In Accountancy | Categories : Contractors, News

If you are over 55 and have accessed any of your pension this affects you, so read on… In Philip Hammond’s 2016 Autumn statement he first introduced the idea that the £10,000 limit on new contributions to pensions for those who had already accessed any of their possible 25% tax free cash would be slashed by a massive 60% to Read the full article…


What’s ‘App’-ening?!

12th July 2017 | Written by In Accountancy | Categories : Contractors, News

New for 2017/18 – The updated and enhanced IN Accountancy TaxApp


More about claiming expenses

27th January 2017 | Written by In Accountancy | Categories : Contractors, News

Following on from an earlier guide to business expenses, it’s worth knowing some more about claiming expenses and the importance of how you record them. As Contractor Accountants in Manchester, we are often asked about business expenses we are often asked about the use of rented offices, company cars and even if contractors can pay their partner as a business. Read the full article…


Changes to the Flat Rate VAT Scheme

7th December 2016 | Written by In Accountancy | Categories : Contractors

Changes to the Flat Rate VAT scheme, used by small businesses with an annual turnover less than £150,000, will come into effect from 1 April 2017.  The main change that interested us as contractor accountants is that the new rate will be a straight 16.5% regardless of your industry or type of work. Previously several different rates applied, some as Read the full article…


Last posting dates

2nd December 2016 | Written by In Accountancy | Categories : Contractors, News

It must be time to start Christmas shopping when the last posting dates are upon us, according to your local accountants in Stockport, IN Accountancy, . The last recommended dates for posting International Standard (formerly Airmail) post are as follows: Saturday 03 December for  Africa, Middle East Wednesday 07 December for Asia, Cyprus, Eastern Europe (except Czech Republic, Poland and Read the full article…