Category: Accountancy

Budget 11 March 2020

Statutory Sick Pay (SSP) and Coronavirus/COVID-19
SSP is usually paid to employees from day four onwards, i.e. there are three “waiting days”. The three waiting days have been suspended and employees will be entitled to SSP …

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Autumn Statement 23 November 2016

These are my views on the announcements made today by Philip Hammond, the Chancellor of the Exchequer.

Income tax
It was confirmed that the personal allowance (the amount you can earn tax free) will rise to £ …

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March 2016 Budget – 16 March 2016

It is important to remember that many of the measures announced today by George Osborne will take effect in future years. We need to look at past budgets as well as today’s budget to understand …

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The Autumn Statement – November

As far as personal and business tax is concerned, the Autumn Statement today didn’t have many surprises. It is supposed to be a spending review rather than a full blown budget where tax increases feature.

However, …

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The Summer Budget – 8 July 2015

Budget briefing – Budget 8 July 2015

This is just a very brief summary of some of the key measures in today’s budget which I feel have an impact on the majority of my clients. This …

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Changes to the way Class 2 National Insurance Contributions are collected

If you are self-employed as a sole trader or in a partnership, the chances are you are liable to pay Class 2 National Insurance. Many years ago this used to be called “the stamp” – …

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Tax relief – what is it and how do you get some?

Do you want a tax bill of zero?

Many people will do almost anything to avoid paying tax… I can reduce your tax bill to a big fat zero – legally.

Let’s forget about the shenanigans of …

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The Annual Investment Allowance – an important timing opportunity to save tax

The Annual Investment Allowance

Many readers will know that expenditure on capital assets can attract a tax allowance called an “Annual Investment Allowance” which effectively writes off the cost of the assets at 100% in year …

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Will your excuse for a late tax return work – or raise a laugh?

The deadline is looming

The deadline for filing your 2012/13 self-assessment tax return is 31 January 2014; if you file it late HMRC will issue an automatic £100 penalty. But, if you have a reasonable excuse …

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How to pay my self-assessment tax – updated 7th January 2014

This is a question I am often asked at this time of year.

The due date for paying the balance of 2012/13 self-assessment tax is 31 January 2014, together with your first payment on account for …

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