Category: Tax News

ACCA guide to the mini-budget (growth plan)

Hi all,   With the changes for the mini-budget, the ACCA have released a guide. Please find a link to the guide below;   ACCA guide to Mini Budget October 2022 revised   We hope you find the guide useful. If you have any questions please do not hesitate to contact us at; Email: … Continued

Stamp duty land taxes September 2022

Hi all,   With changes to the stamp duty land taxes, the ACCA have published a document outlining the changes with the new rates. Please find a link to it below;   ACCA guide to SDLT rates September 2022   We hope you find the guide useful. If you have any questions please do not … Continued

Jeremy Hunt’s mini-budget tax reversals

Kwasi Kwarteng announced a mini-budget on the 23rd September. On Friday 14th October, Kwasi was sacked with the new Chancellor Jeremy Hunt taking over. What changes has Jeremy Hunt made after his broadcast Monday Afternoon?   Here is a list of the changes; Income tax being reduced to 19% starting April 2023 has now been … Continued

How can I help my child who is going to University?

With the new Academic year right around the corner, many parents are getting ready to send their child off to University. How can you help? A few things to consider first when your child leaves for university are; Your child is no longer classified as your dependant, so your council tax/housing benefit may go up … Continued

Guide to 2022-23 spring budget

Hi all, Please find below the ACCA’s guide to spring budget in regards to new tax changes for the 2022-23 tax year. ACCA-Guide-to-Spring-Statement-2022   We hope you find the guide useful.   Have a good day!

Online Expense Form issues fixed

Hi all,   We have now fixed a glitch with our online expense form where it was saying date invalid from the 7th March to the 31st March.   Apologies for any inconvenience this may have caused.

New Expense Form

Hi all, I hope you are well.   We now have a new Expense Form in accordance to regulation set by HMRC. To help with confusion, we now have a video to explain the new form, and a pdf for a written guide on them. Any questions, please do not hesitate to email and/or … Continued

HMRC sets sights on solicitors

HMRC has launched a new campaign urging solicitors to come forward and bring their tax affairs up to date. The Revenue claims tax crackdowns focused on the likes of doctors, dentists and lawyers among others have raised almost £1bn so far since being initiated in 2011. Solicitors who are self-employed or work within a partnership … Continued

Merchant Acquirer data matchin

Background Legislation issued in 2013 has provided HM Revenue & Customs (HMRC) with new powers to request data from Merchant Acquirers. Merchant Acquirers are financial institutions that process all credit and debit card transactions on behalf of UK businesses. There are 8 major Merchant Acquirer businesses operating in the UK. HMRC has now received the … Continued

SMEs avoiding the books

A report by Intuit QuickBooks has found that only 23% of SMEs surveyed enjoyed the financial management aspect of business with nearly half putting off doing their books while wasting between 30 minutes and six hours a week dealing with spreadsheet issues. Source: Sunday Express (03/08/2014)