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Autumn Statement 2023 – Understanding Cash Basis Accounting Changes

by Jessica Garbett | Nov 22, 2023 | Uncategorized

In the Autumn Statement 2023 an announcement was made that for unincorporated businesses Cash Basis Accounting would become the default for reporting profits on Self Assessment rather than Accruals Basis Accounting. So, what does this mean?  And is it a good thing?...

ACCA: More tax avoidance schemes subject to stop notices

by Jessica Garbett | May 19, 2023 | Uncategorized

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA HMRC sets out details for promoters of tax avoidance schemes and disguised remuneration schemes On 13 April 2023 HMRC published the details...

ACCA – Basis period reforms – handling the transition

by Jessica Garbett | Jan 20, 2023 | Uncategorized

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA ACCA on Examining the impact of abolishing ‘basis period’ from 2024-25 – applies to Sole Traders and Partnerships Part 4 of Finance Act...

ACCA – Autumn Statement 2022 – Income Tax Rate Changes

by Jessica Garbett | Dec 2, 2022 | Uncategorized

Income tax changes At-a-glance guide to changes for all thresholds We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA The income tax additional rate threshold will reduce from £150,000 to...

ACCA – Autumn Statement 2022 – Income Tax Rate Changes – Changes to Personal Allowances

by Jessica Garbett | Dec 1, 2022 | Uncategorized

Changes to personal allowances At a glance changes, including examples Personal allowance for higher rates – 2023/24 We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA We know that the...

ACCA – Autumn Statement 2022 – National Insurance

by Jessica Garbett | Dec 1, 2022 | Uncategorized

National insurance updates At-a-glance changes to NI We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA The national insurance thresholds for all classes will be maintained until April 2028 at...
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