Latest blogs for Services

HMRC’s most recent Employer Bulletins are indicating a clear shift towards the promotion of payrolling benefits, with the topic being mentioned in nearly every latest issue.   The payrolling of benefits in kind shifts the management of the process from annual to monthly reporting, allowing employees to pay tax in ‘real time’ during the tax year…

The Government have announced plans to revamp filing at Companies House for small companies & micro-entities in a move that will see additional information made available to the public when filing company accounts. The reforms are largely seen as an attempt to reduce the levels of economic crime committed through the country.   Currently, small…

While you may be pleased that the value of your home is increasing, it may also mean that you need to consider the effect that the increased value may have on Inheritance Tax.   The number of people being caught by Inheritance Tax has increased by over 35% within the last year, mainly due to…

HMRC have released their latest Advisory Fuel Rates to be used from 1st March 2022.   These rates should be used when you:-   Reimburse employees for business travel in their company cars Need employees to repay the cost of fuel used for private travel   Rates The advisory electricity rate for fully electric cars…

In accordance with the government’s desire for the NLW to reach two-thirds of median earnings by October 2024, the following increases to the NLW & NMW have been adopted for 2022-23 tax year.     The new rates will be introduced from 1st April 2022 and will be applicable to all payments made after this…

It has been announced that the Statutory Sick Pay Rebate Scheme will close on 17 March 2022, with the deadline for submitting outstanding claims being 24 March 2022.   You will no longer be able to claim back the SSP for coronavirus-related absences occurring beyond 17 March 2022.   From 25 March 2022, normal SSP…

Do you have gaps in your National Insurance records (35 years contributions are required for maximum state pension entitlement)? Have you recently retired to help out with your grandchildren’s childcare but you are not yet old enough to receive state pension?   If so, and the child’s main carer is working and in receipt of…

With over 1,000 apps available on the Xero App Store alone, it can be difficult to know which apps are best suited to your business.   Whilst every business is unique and will have different requirements, I believe there are two key app types that should always be part of your app selection, or “app…

It has recently been announced that the average waiting time for HMRC to answer a telephone call reduced to nine minutes in December 2021 compared to 13 minutes in November 2021! If you would like us to speak to HMRC on your behalf, we require agent authorisation via form 64-8. To submit form 64-8 to…

There’s never been a better time to become an eco-friendly company.  Not only for the wellbeing of the planet but it also makes good business-sense.   Although financial measures are very important in deciding the performance of a business, there are many non-financial measures which can affect your figures. Being sustainable is something that customers…