HMRC’s communication to individuals outside of self-assessment

by Jessica Garbett | Aug 19, 2024 | Tax News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA What you need to know about a letter from HMRC to individuals with taxable income HMRC has shared the following update with ACCA, which we...

Are you employing seasonal workers?

by Jessica Garbett | Aug 16, 2024 | Business News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA The Pensions Regulator is reminding employers to ensure they are complying with automatic enrolment pension duties this summer If you are...

Seven in ten workers unaware of new flexible working law

by Jessica Garbett | Jul 17, 2024 | Business News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Research by Acas also finds low level of awareness among almost half of employers From 6 April 2024, new laws give UK employees the right to...

Change to Website Terms of Use

by Jessica Garbett | Jul 12, 2024 | YogaTax News

We have recently made some changes to the terms of use for our websites. As part of these changes, the publisher and controller of our websites is now Whitefield Websites LLP. Our new Website Terms of Use are: Our websites, www.whitefieldtax.co.uk and...

Update on MTD for ITSA

by Jessica Garbett | Jul 10, 2024 | Tax News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA What businesses need to know Digitalisation of tax is a huge focus for the UK government. Making Tax Digital (MTD) for VAT is already running...

P11D: avoid late-submission penalties

by Jessica Garbett | Jul 1, 2024 | Tax News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Why it pays to be on time – plus reasonable excuses for appealing HMRC can charge penalties if P11D Expenses and Benefits are not received by...

Check if you have paid enough NI to get the full state pension

by Jessica Garbett | Jun 25, 2024 | Tax News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Use the new online service to see if there are any national insurance gaps The Check your State Pension forecast allows British tax payers to...

‘Green lease’ toolkit updated

by Jessica Garbett | Jun 18, 2024 | Tax News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Landlords, tenants, property agents, investors, lenders and professional advisors will welcome updates to the Better Buildings Partnership...

How Do Recent Tax Changes Impact Choice of Business Structure? Part 2 – Director Salary Levels

by Jessica Garbett | Jun 18, 2024 | Tax News

In this first part of this article, we considered the question: “Many business owners ask “Would I be better off as a Limited Company?” or if already trading via a Limited Company the opposite question, “Would I be better off as a Sole...

Companies House changes for ECCTA implementation

by Jessica Garbett | Jun 11, 2024 | Business News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA A summary of the key changes The Economic Crime and Corporate Transparency Act (ECCTA) was passed into UK law in October 2023. It purposes to...

Furnished Lettings Reform

by Jessica Garbett | May 31, 2024 | Tax News

In the 2024 Budget, it was announced the special tax regime for furnished lettings was to be abolished from April 2025. However detail on how this will work, and any transitional arrangements, has yet to be published and the hiatus of the General Election will only...

HMRC Erroneously Refunds Voluntary Class 2 NI Payments

by Jessica Garbett | May 31, 2024 | Tax News

If you pay Class 2 NI on a  voluntary basis as Self Employed / Business Partner, then the payment is via your Self Assessment but it must be paid by 31st January after the tax year – pay a day late and the right to make a voluntary payment is lost. Its...

Companies House: resources and updates

by Jessica Garbett | May 28, 2024 | Business News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA The latest news on Companies House changes including the ECCTA implications Companies House is an executive agency, sponsored by...

Upcoming changes to paternity leave and pay

by Jessica Garbett | May 22, 2024 | Business News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA New legislation represents a progressive shift in parental leave rights On 8 March 2024, England, Scotland and Wales implemented new...

Beware of scam ‘HMRC’ telephone calls

by Jessica Garbett | May 15, 2024 | Tax News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA How to protect yourself from fraudulent calls allegedly from HMRC In today’s digital age, where scams and fraud attempts are becoming...