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Practice News

Buying a second home: What should you think about?

Posted 17/06/2024 As accountants, we are often asked about the financial and tax implications of buying a second home. Sometimes the pull of a country or seaside retreat might inspire you to think about having a second home. Or maybe you have spare cash or income and are wondering if a second home could be…Read More

Less than a month left for exporters to move to Customs Declaration Service

Posted 22/05/2024 Submitting export declarations through the Customs Declaration Service (CDS) becomes mandatory for all businesses on 4 June. CDS will replace the Customs Handling Import and Export Freight (CHIEF) on that date. Businesses that use a customs agent to submit their export declarations should check that their agent is ready for the change. If…Read More

Online sales platforms required to report seller earnings to HMRC

Posted 14/05/2024 From 01 January 2024, platforms such as Etsy, Vinted, eBay and even media platforms such as Instagram, were required to report seller earnings to HMRC. Also, platforms which provide services such as Uber, Deliveroo and Airbnb, have to share their seller data as well. This first full year of data does not need to…Read More

Online National Insurance checker/payments service launches

Posted 30/04/2024 The government is making it easier for customers to check for and fill any gaps in their National Insurance (NI) record to help increase their State Pension by launching a new online service on 29 April 2024. The Check your State Pension forecast service has been enhanced to include a fully end-to-end digital…Read More

Don’t get caught out by tax avoidance

Posted 26/04/2024 HM Revenue and Customs (HMRC) are running a campaign to help people avoid being caught out by tax avoidance schemes. This is particularly relevant to those who are contractors, agency workers, or are working through an umbrella company. Tax avoidance schemes are schemes designed to bend the rules of the tax system in…Read More

Employment Law changes in April

Posted 25/04/2024 New employment laws came into force on 6 April 2024 that apply to all businesses. Here is a brief summary of the changes. Flexible working: Carer’s leave: Pregnancy and family leave: Paternity leave: For the Government release, please see: https://helptogrow.campaign.gov.uk/new-changes-to-employment-law/ For further updates, please follow us at: Linked In https://www.linkedin.com/company/accountants-congleton-cheshire Twitter https://twitter.com/Hammond_McNulty

New service to manage import duties and VAT accounts

Posted 23/04/2024 HM Revenue and Customs (HMRC) have published guidance on a new online service to help businesses with their import duties and VAT accounts. If you or your business are involved in importing goods into England, Scotland, Wales and Northern Ireland, you can use the new service to: This new service should help to…Read More

Have you checked your tax code?

Posted 15/04/2024 Prior to the tax year starting each 6 April, HM Revenue and Customs (HMRC), will issue new tax codes to employees, usually where there is a change of tax code. These tax codes, a series of letter and numbers, allow employers to deduct the right amount of tax to be deducted from each…Read More

Increase to small company thresholds

Posted 26/03/2024 Thresholds based on a company’s accounts and employee numbers determine whether a company is categorised as small or not. Being able to qualify as a small or medium sized business can cut red tape for a business with the reduced amount of both non-financial and financial reporting a small or medium sized business…Read More

Major reforms to apprenticeships announced

Posted 26/03/2024 The Prime Minister, Rishi Sunak, has announced reforms to apprenticeships that will enable up to 20,000 more apprenticeships and could be especially welcome news to small businesses. With effect from April 1st, the government will pay the full cost of training for anyone up to the age of 21. If you are a…Read More

New Companies House powers come into force

Posted 18/03/2024 The new measures allow Companies House to combat the criminal acts and money laundering being carried by criminals abusing the company registration system.These abuses have been well documented in the news, with many examples of individuals and businesses receiving correspondence and demands addressed to companies that they have no knowledge of. Annual confirmation…Read More

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