Inaccountancy Stockport
0161 456 9666

News from InAccountancy

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
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
Read the full article…


ATT issues last call for firms seeking to use increase in Annual Investment Allowance

30th November 2020 | Written by In Accountancy | Categories : News
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
Read the full article…


Brexit imports and exports

27th November 2020 | Written by In Accountancy | Categories : Limited Companies, News, Small Business Advice, Sole Traders, Tax Advice
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
Read the full article…


Tax relief for working at home

25th November 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
Tax relief for working at home

HMRC has received more than 54,800 claims from taxpayers using a new online portal which allows workers to claim tax relief for working at home. From 6 April 2020, employers have been able to pay employees up to £6 a
Read the full article…


Separation, divorce and tax…

24th November 2020 | Written by In Accountancy | Categories : CoronaVirus, News, Personal Tax, Small Business Advice, Tax Advice
Separation, divorce and tax…

2020 has as we all know been one hell of a year. But it’s not just people’s physical and mental health, our NHS, jobs, businesses and finances which have been impacted.  Relationships and families have been hard hit, having been
Read the full article…


Self-assessment customers to benefit from enhanced payment plans

23rd November 2020 | Written by In Accountancy | Categories : News, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
Self-assessment customers to benefit from enhanced payment plans

Self-assessment taxpayers are now able to benefit from enhanced payment plans and can apply online for additional support to help spread their tax bill into monthly payments. The online payment plan service was already able to set up instalment arrangements
Read the full article…


Chancellor approves grants for businesses closed by lockdown

21st November 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Small Business Advice, Sole Traders
Chancellor approves grants for businesses closed by lockdown

Chancellor Rishi Sunak has announced approved additional funding for cash grants to support businesses required to close in England due to the lockdown. Those businesses affected will be eligible for the following: For properties with a rateable value of £15,000
Read the full article…


HMRC Employer Bulletin October 2020

20th November 2020 | Written by In Accountancy | Categories : Limited Companies, News, Pensions and Payroll, Small Business Advice
HMRC Employer Bulletin October 2020

HMRC has published the latest issue of the Employer Bulletin. The October issue has information on various topics including: Coronavirus support schemes and what employers need to do from November onwards National Insurance Number delays Guidance on off payroll working
Read the full article…


Increased support made available for the self-employed

19th November 2020 | Written by In Accountancy | Categories : CoronaVirus, News, Personal Tax, Small Business Advice, Sole Traders
Increased support made available for the self-employed

The government has increased the support available to self-employed workers and extended its emergency business loan schemes as the UK heads for a second national lockdown. On 5 November Rishi Sunak announced an increase  in the level of the third
Read the full article…


Capital Gains Tax Review 2020

18th November 2020 | Written by In Accountancy | Categories : Limited Companies, News, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
Capital Gains Tax Review 2020

Capital Gains Tax Review – will it be changing? In my previous article about CGT we outlined what it is, and what the rates currently are. I also highlighted that the Chancellor had asked the Office of Tax Simplification (OTS)
Read the full article…


Capital Gains Tax – your guide

17th November 2020 | Written by In Accountancy | Categories : Limited Companies, News, Personal Tax, Small Business Advice, Tax Advice
Capital Gains Tax – your guide

Why is everyone talking about Capital Gains Tax? Capital Gains tax, or CGT has been in the news a lot recently, as there is much speculation that this will be the first place that the government will go to try
Read the full article…


Furlough Scheme Extended

17th November 2020 | Written by In Accountancy | Categories : CoronaVirus
Furlough Scheme Extended

On 5 November, Chancellor Rishi Sunak announced that as part of the new national lockdown the Coronavirus Job Retention Scheme (CJRS), has been extended until the end of March 2021. This announcement updates the Prime Minister’s previous announcement on 31
Read the full article…