Inaccountancy Stockport
0161 456 9666

Personal Tax

Self Assessment Tax Deferral – OPT IN!

5th October 2020 | Written by In Accountancy | Categories : CoronaVirus, Personal Tax, Small Business Advice, Tax Advice
Tagged in: self assessment,
Self Assessment Tax Deferral – OPT IN!

The Self Assessment Tax Deferral outlined in Rishi Sunak’s Winter Economy Plan last month will NOT be automatically applied. In addition to the news that the deferral for VAT payments outlined in Rishi Sunak’s Winter Economy Plan would not be
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…


Self Assessment deadlines

23rd September 2020 | Written by In Accountancy | Categories : Personal Tax, Small Business Advice, Sole Traders, Tax Advice
Tagged in:
Self Assessment deadlines

Two self assessment deadlines are approaching: 5th October 2020 For those individuals who have not previously completed a tax return but need to report a liability for 2019/20. 31st October 2020 For those individuals who have previously submitted ‘paper’ self
Read the full article…


Subsistence Allowance – How to reduce that Mound of Receipts!

16th September 2020 | Written by In Accountancy | Categories : Limited Companies, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
Subsistence Allowance – How to reduce that Mound of Receipts!

Subsistence Allowance – How to deal with that mound of receipts.

Fed up with dealing with multiple expenses and all those itty bitty receipts for meal deals, coffees and fast food?

Subsistence allowance…


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…


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…


Flexible Furlough, Extended SEISS, SSP Rebates, Top Up Grants and Stockport SUBS

31st May 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
Flexible Furlough, Extended SEISS, SSP Rebates, Top Up Grants and Stockport SUBS

Well, what an amazing weekend we’re having!! I suspect lockdown would have felt very, very different for most of us had we been experiencing our normal spring weather! I took yesterday off and Andy and I went on a massive
Read the full article…


SSP Rebate Scheme, SUBS Stockport, SEISS challenges, Top Up Grants & Stockport Business Register…

21st May 2020 | Written by In Accountancy | Categories : Charity, CoronaVirus, Limited Companies, News, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
SSP Rebate Scheme, SUBS Stockport, SEISS challenges, Top Up Grants & Stockport Business Register…

This was meant to be just a quick update yesterday as HMRC have finally announced that the SSP Rebate Scheme (Statutory Sick Pay) is set to open for claims from 26 May 2020. However, I find myself with more to say (typical
Read the full article…


Furlough Extension, SEISS Grants, Top Up Grants & SSP

13th May 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Personal Tax, Small Business Advice, Sole Traders
Furlough Extension, SEISS Grants, Top Up Grants & SSP

I hope all remains well with you and your loved ones and you are managing to look after not just your physical health, but also your mental health. For those of you who have sent your tax return information for 2019-20
Read the full article…


Get Ready For 30-Day Returns And Payments For Residential Property Gains

14th April 2020 | Written by In Accountancy | Categories : News, Personal Tax, Tax Advice
Get Ready For 30-Day Returns And Payments For Residential Property Gains

Legislation has been enacted to change reporting obligations for residential property gains chargeable on UK resident individuals, trustees and personal representatives.


COVID-19 – Business Support Update 30 March 2020

31st March 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Personal Tax, Small Business Advice, Sole Traders
Tagged in: coronavirus, covid-19,
COVID-19 – Business Support Update 30 March 2020

IN Accountancy client communication on the morning of 31 March 2020 with further updates about new details regarding support available for businesses through the ongoing Coronavirus crisis. Please remember that this information is based on our understanding of the information
Read the full article…