Latest blogs for Services

For the 24-25 tax year there will be 5 different student loan deduction rates. However, Plan 5 does not become due for payment until the 2026-27 tax year so can be discounted for now. The new rates show no change for Plan 2 and 3, but the thresholds for Plan 1 and 4 have been…

Yet again we have a tinkering of the rules regarding holiday pay in the seemingly forlorn hope for simplification. Basic holiday entitlement hasn’t changed. Employees are still entitled to 5.6 weeks holiday per annum and the changes apply to those workers who have no set hours or work irregular hours.   One little known aspect…

The National Minimum Wage increase from April 2024 will be welcomed by many employees. The rise will take place from 1 April for the next pay reference period post increase.   Perhaps the biggest change of all is the abolition of the 21–22-year-old band. Employees reaching the age of 21 will now enjoy a pay…

In 2016 the Government launched a trial scheme to payroll benefits. The purpose of this was to make declaring and paying tax on benefits easier in comparison to submitting annual P11D forms and also to provide HMRC with real time information.   Due to the regulations HMRC put in place at the time, it’s fairly…

One of the areas we find that generates more enquiries than any other is the murky world of Maternity Pay and all associated areas such as paternity, adoption and shared parental leave. Paternity Leave is the easiest area to get to grips with: Statutory Paternity Pay (SPP) lasts for 2 weeks. The employee can take…

Here’s our quick overview of Freeports, what they are and what benefits they offer.   On 20 November 2023 the Government announced that the window to claim Freeport tax relief in England will be extended to September 2031. This is however conditional on the Freeport developing a satisfactory plan for Levelling Up, Housing and Communities.…

Making Tax Digital for Income Tax will soon be upon us.   Over the past few years’ rents have been increasing and will continue to increase as inflation remains high. Many landlords will now be affected or will be coming close to the qualifying limits. With April 2026 fast approaching for those with qualifying income…

Did you know that there is finance available for start ups?   Starting in business can be an expensive task and a lot of businesses are not always aware of the funding that is available from the government to help with this.   Where to start The most popular is the government backed start up…

What are directors’ responsibilities? As a director, you are legally responsible for running the company. This must be done in line with both the articles of association and Companies Act 2006.   A key role is to ensure that all statutory reporting requirements are met. This includes, but is not limited to: Filing the annual…

Beware of Self Assessment scams! More than 11.5 million tax returns have been submitted for the 2022/23 tax year and fraudsters are focusing on these. Taxpayers have reported to be receiving emails, phone calls or text messages offering a tax rebate. These are phishing scams and are designed to use your personal details for selling…