Is it me getting old, or are the days flying past!  …  Can’t believe that it is August already!  So 31 July has now passed, and those of you who had to make a second payment on account should have done so by now!  If you haven’t, and you should have, be warned that HMRC…

Despite a promising amount of glorious sunshine last month, July has started as a rather wet month!  And the gloominess may well be set to continue if you are one of those unfortunate souls who has to make a tax payment by 31 July 2017.  You will probably have already received your HMRC tax statement….

Hope you are all enjoying some of this lovely sunshine we are having!  It certainly makes me feel more cheerful, even if I am only enjoying it through the office window! But in the midst of all this sunshine, and great BBQs and fun in the sun, if possible do spare a thought for your…

Legislation to implement the government’s Making Tax Digital initiative has been put on hold. There has been widespread criticism of the plans for MTD, which would see businesses and the self-employed submit multiple tax returns online via computers or smartphones. However, following last week’s announcement of a general election, The Finance Bill 2017 has been…

Reminder to all employers.  The national living wage and minimum wage went up on 1st April 2017 (NOT 6th April 2017 which you might presume). If you have a worker aged under 25, or an apprentice, they are legally entitled to at least the National Minimum Wage. The new rates are: Date 25 & over 21…

Hurray!  Good sense has prevailed and Mr Hammond’s decision to put up class 4 NI for the self employed has been reversed! As our fourteen year old daughter says ” Aye, back down!!”.

We know the budget delivered a couple of blows to the self employed – a stepped increase in class 4 NI – and also to company directors – with a reduction in the dividend allowance from £5,000 to £2,000.  But there was some good news regarding Making Tax Digital. This will be deferred until April…

Following our attendance at an HMRC Making Tax Digital (MTD) update last night, we thought it might help to post an update on Making Tax Digital (MTD). The first thing worthy of note is that the acronym MTD was last night lengthened to MTDFB – Making Tax Digital For Businesses.  MTD is definitely happening.  And…

Regular readers will be aware of HMRC’s MTD revolution – “Making Tax Digital”.  They started a consultation in August 2016 and this consultation has now finished as of 31 January 2017. Michael and I are attending an update of the MTD consultation on Valentine’s Day – such a romantic, my husband! – to see what happens…

Happy New Year to you all.  We wish you all health, happiness and prosperity in the coming year. Now that the Christmas festivities are over, and the children are back to school, life returns to normal.  BUT the 31 January deadline is looming large for anyone who has to file a self assessment tax return….