by Samantha Sutcliffe | May 20, 2022 | NICs, Tax
P60 Deadline – 31 May All employers are legally obliged to issue P60s to employees by 31 May. By that date, employers must give a P60 to all employees on payroll who were working for them on the last day of the tax year (5 April 2022). The P60 summarises the... 
by Samantha Sutcliffe | May 13, 2022 | Business, HMRC, Tax
Basis Period Reform – what it is and how it could affect you Unincorporated businesses – including sole traders, trusts and those businesses working as partnerships, and anyone else that pays tax on trading income – face a major change that will... 
by Samantha Sutcliffe | May 6, 2022 | HMRC, MTD, Tax, VAT
MTD D-Day has arrived – here’s how to make sure you comply Anyone filing VAT returns from April 1, 2022 onwards now has to file their return digitally as HMRC’s Making Tax Digital reaches its next phase. All businesses registered for VAT – even... 
by Samantha Sutcliffe | Apr 29, 2022 | Business, Tax
Get a business health check at the start of the tax year Using up personal allowances is not the only reason you should see your accountant at the start of the tax year, it is also the best time to get a health and wealth check for your business too. The end of the... 
by Samantha Sutcliffe | Apr 21, 2022 | Business
Bank of England (BoE) base rate rises to 0.75% – what it means for consumers and businesses The Bank of England (BoE) base rate rose to 0.75% in March in response to Consumer Prices Index (CPI) inflation rising to 5.5% – almost triple the BoE’s...