Inaccountancy Stockport
0161 456 9666

Tag: Expenses

Subsistence Allowance – How to reduce that Mound of Receipts!

5th December 2019 | 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!

Are you fed up with dealing with multiple expenses and all those itty bitty receipts for meal deals, coffees and fast food? What you can or can’t claim differs dependent on the legal entity under which you trade, and sole
Read the full article…


VAT Fuel Scale Charges

10th June 2019 | Written by In Accountancy | Categories : Limited Companies, Tax Advice
VAT Fuel Scale Charges

HMRC has issued details of the updated VAT fuel scale charges which apply from the beginning of the next prescribed VAT accounting period starting on or after 1 May 2019. VAT registered businesses use the fuel scale charges to account
Read the full article…


Delay to Rise in Probate Fees

26th April 2019 | Written by In Accountancy | Categories : Client News
Delay to Rise in Probate Fees

The government has delayed its planned increase in probate fees indefinitely. The delay has been attributed to ‘pressure on Parliamentary time‘ caused by Brexit debates and votes. The increase in fees had been set to take effect from 1 April 2019,
Read the full article…


Reporting Benefits in Kind – Forms P11D

23rd April 2019 | Written by In Accountancy | Categories : Client News, Personal Tax, Tax Advice
Reporting Benefits in Kind – Forms P11D

The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2019, are due for submission to HMRC by 6 July 2019. The process of gathering the necessary information
Read the full article…


Advisory Fuel Rates for Company Cars

27th March 2019 | Written by In Accountancy | Categories : Client News, News
Advisory Fuel Rates for Company Cars

New company car advisory fuel rates have been published which take effect from 1 March 2019. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only
Read the full article…


Tax Efficient Investments Ahead of the Tax Year End

25th March 2019 | Written by In Accountancy | Categories : Client News, Tax Advice
Tax Efficient Investments Ahead of the Tax Year End

With the end of the tax year looming there is still time to save tax for 2018/19.   Make full use of your ISA allowance – ISAs can offer a useful tax free way to save, whether this is for
Read the full article…


Pensions Auto Enrolment Contributions To Rise

21st March 2019 | Written by In Accountancy | Categories : Client News, News, Pensions and Payroll
Pensions Auto Enrolment Contributions To Rise

Minimum pension contributions are set to increase from 6 April 2019:   Duration   Employer minimum   Total minimum contribution   Current contributions   2%   5%   6 April 2019 onwards   3%   8%   The Pensions Regulator
Read the full article…


Minimum Wage Increases

20th March 2019 | Written by In Accountancy | Categories : Client News, News, Pensions and Payroll
Minimum Wage Increases

The National Minimum Wage (NMW) and National Living Wage (NLW) are the legal minimum wage rates that must be paid to employees. Employers are liable to be penalised for not complying with the NMW and NLW rules. There are different
Read the full article…


Protect Your Pension Pots

11th February 2019 | Written by In Accountancy | Categories : Client News, Pensions and Payroll
Protect Your Pension Pots

The Insolvency Service has urged individuals saving for retirement to protect their pension pots from criminals and ‘negligent trustees’. Research carried out by the Service found that criminals use a range of tactics to convince savers to part with their
Read the full article…


Spring Statement Date Announced

8th February 2019 | Written by In Accountancy | Categories : News
Spring Statement Date Announced

The Chancellor of the Exchequer, Philip Hammond, has announced that the government will respond to the forecast from the Office for Budget Responsibility (OBR) in the Spring Statement on Wednesday 13 March 2019. The Chancellor may take the opportunity to
Read the full article…


HMRC Reminder to Employees to Claim their Tax Deductible Expenses

17th January 2019 | Written by In Accountancy | Categories : Limited Companies, Tax Advice
HMRC Reminder to Employees to Claim their Tax Deductible Expenses

HMRC is reminding employees that they may be able to claim a tax rebate on their work related expenses. HMRC estimate that millions of employees, particularly those working in the service industry, could be entitled to a tax refund. Workers,
Read the full article…


Pension Contribution Increases Ahead

15th January 2019 | Written by In Accountancy | Categories : Pensions and Payroll
Pension Contribution Increases Ahead

The Pensions Regulator (TPR) is reminding employers that from 6 April 2019, the amount that will need to be paid into a workplace pension will increase to an overall minimum of 8%, with employers contributing at least 3% of this
Read the full article…