New VAT penalty regime – the changes explained
A new VAT penalties regime was brought in this month, and any firms or individuals missing their filing deadline from January 2023 onwards will receive penalty points even if there is no VAT due to...
Self-assessment late payment rates changed this month –what to expect if you miss the deadline
The taxman has been busy this month – no surprise given it is the time when self-assessment returns need to be filed. But anyone who misses the deadline of January 31 faces a new set of interest...
Self-Assessment – now is the time to get your tax return sorted
Yes, here we are again, the Christmas tradition of dealing with your self-assessment tax return is back for another year, and you need to get everything sorted as soon as you can. The final deadline...
Should your business declare the cost of the Christmas party?
Christmas parties or even regular summer BBQs, or annual team building events may need to be declared to HMRC for the current 2022/23 tax year if they do not meet certain rules, so you need to be...
New year new me, why is now a good time to review your financial plan with Bright Ideas Financial Planning?
You have joined the gym, bought the 15-minute meals book booked those Spanish lessons you said you were going to do this year… good on you! There is another element we all know we should be looking...
Tax year end – get your accounts ready before the rush
It’s that time of year again – the shops are playing Christmas music, there are Christmas films starting to appear on the TV, and for many of us, there is a tax deadline looming, whether that is...
Autumn Statement – what you need to know about upcoming changes.
You could be forgiven for thinking Budget statements are a bit like buses lately – we don’t have one for ages, and then three come along almost at once. While the latest financial proclamation from...
What does the market volatility mean for you?
The market volatility resulting from the ill-fated mini-Budget on September 23 has created real concern for investors. Most of the measures announced that day were reversed just weeks later, but the...
How to protect your business in a recession
The UK’s GDP fell by 0.3% in August according to official figures, and if GDP falls for two quarters in a row, that is the definition of a recession. Experts at the EY ITEM Club predict the UK will...
U-turns and changes – what happened to the mini-Budget announcements?
The majority of measures in former Chancellor Kwasi Kwarteng’s mini-Budget have been scrapped after new Chancellor Jeremy Hunt tried to settle markets and politicians across the House of Commons...
Business News England
Welcome to our round-up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you! Making Tax...
Changes made to Corporation Tax filing in September – what you need to know
HMRC made some changes to the way Corporation Tax needs to be filed online in September, and companies need to be aware of what they are now expected to do and where there could be difficulties with...
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