Saving for your pension – beware the annual limits
The maximum annual allowance for pension contributions is currently £40,000 p.a. although it is possible to use up some past […]
Tax
Budget – 27 October 2021
Following on from the increases above, the Chancellor will present his next budget on Monday 27 October 2021. It is
Changes to NI rates for 2022/23
From April 2022, the Government plans to create a new social care levy which will see UK-wide tax and National
Automated Invoice processing
The prior article referred to invoices being duplicated. Using one of the purchase invoice data extraction products can help to
Bookkeeping – review your “aged payables” report regularly
If you are using purchase ledgers – recording purchase invoices when received – these will appear as owing and then
Selling online but not declaring the income? Watch out – HMRC will know
[vc_row][vc_column][vc_column_text] Selling online but not declaring the income? Watch out – HMRC will know [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Changes are afoot that will
Inheritance tax – the housing and stock market booms means more estates could face IHT bills
Latest estimates from HMRC are that IHT receipts will hit £5.6 billion in 2021/22 rising to £6.3 billion pounds in
Should you register for VAT?
Should you register for VAT? You must register for VAT if: • you expect your VAT taxable turnover to be
Are you saving enough for your retirement?
You can claim state pension when you reach the state pension age. For men and women, this is currently 66.
Higher Rate taxpayers – some simple tax savings tips that are easily overlooked
If your pre-tax income exceeded £50,000 in the last tax year (2020/21) it is possible that you may have been