Very exciting day today! 😀 I am travelling down to London at the invitation of Sage to meet with their team at a round table with James Murray MP at HMRC headquarters, to discuss Making Tax Digital for Income Tax MTDIT. It is a fantastic opportunity to talk about MTDIT and the realities of how…

Great news – we have just been elevated to Silver Partner with Freeagent! This means that we get a higher rate of discount on software subscriptions which we currently pass directly to our clients. We can also confirm that we have already successfully filed two quarterly MTDIT returns using Freeagent, and the process was very…

One of our lovely clients has brought to our attention that existence of another spate of spam emails from HMRC. They look incredibly genuine, so do not be fooled by them. This particular scam email invited the client to click on a link to update their VAT profile. Thankfully that client is not VAT registered…

I know you may be sick of us mentioning Making Tax Digital for Income Tax (MTDIT) but it IS going to happen. Making Tax Digital (MTD) for Income Tax is a new way to report income from self-employment and property to HMRC. It will involve filing QUARTERLY returns rather than one annual one. It is…

We have had a couple of clients reporting that they have received email notification, purporting to be from HMRC, advising of a VAT compliance check or VAT assessment. These are scam emails. At first glance they look quite official, but check the sender email address. It would normally end with hmrc.gov.uk. Do not click on…

Calling all content creators and influencers! The rules around the trading allowance, and income and capital gains have not changed. However, there does seem to be a lot of confusion about when and how people need to pay tax on additional income or gains from selling items online or earning money through social media content….

This year, Michael and I have decided that rather than sending out Christmas cards to our clients, we shall make a donation to the Salvation Army Christmas Appeal 2024. We would like to wish all our clients a really wonderful Christmas and every blessing for a happy, healthy and prosperous 2025. May God bless you…

NATA Autumn 2024 Budget tax briefing

NATA is delighted to announce that we now have two offices – in Ashington and Morpeth.  Please note that client meetings are by appointment only as we are just two full time staff members working across both offices. We also have a new staff member – our Staff Welfare Officer, Riley – who is based…

The Spring Budget was definitely a pre election budget. The key points are as follows: 2% reduction of the class 1 national insurance for employees from 10% to 8% from April 2024 – four weeks time!  (I pity the payroll software providers!) 2% reduction of the class 4 national insurance for self employed from 8%…