The government recently announced the introduction of a new National Living Wage (NLW) for working people aged 25 years and above. The impact of the National Living Wage will vary significantly across different businesses, but will be particularly significant for care...
Claiming the marriage allowance - updated guidance The Low Incomes Tax Reform Group have published their updated guidance on how to apply for the new transferable personal allowance, known as the marriage allowance, for married couples and civil partners which came...
Extension of farmers' averaging to give greater flexibility One of the important announcements in the March Budget was the extension of farmers’ averaging, where farmers who meet specific conditions can average their profits for income tax purposes, from two years to...
HMRC have now issued the first in-year PAYE penalties HMRC have now issued the first in-year penalties notices to employers with fewer than 50 employees who missed the deadline for sending PAYE information to HMRC. Rather than issue late filing penalties automatically...
Changes for 'Buy to Let' landlords in Summer Budget It was announced in the Summer 2015 Budget that the government will restrict the amount of income tax relief landlords can claim on residential property mortgage interest costs to the basic rate of income tax. This...
The family home: new Inheritance Tax (IHT) rules The government has announced, in the Summer 2015 Budget, the introduction of a new transferrable nil rate band for the family home. The additional band will apply where a residence is passed on death to direct...
Summer 2015 Budget George Osborne delivered his Summer 2015 Budget yesterday, Wednesday 8th July, less than four months after he delivered the last one. Since his last Budget, in March, a lot has happened - including, in particular, the Tories' election victory. Our...
Growing your business sky high with cloud accounting Small and medium-sized businesses are the biggest beneficiaries of cloud accounting and there are many benefits in which moving to the cloud can bring. Working in the cloud will give your business the opportunity to...
Care sector - what does the next 12 months hold? The care sector continues to be challenging for operators, with significant regulatory changes coming into effect on 1 April 2015, coupled with increased compliance and funding pressures. Yet, the sector continues to be...
The government recently announced the introduction of a new National Living Wage (NLW) for working people aged 25 years and above. The impact of the National Living Wage will vary significantly across different businesses, but will be particularly significant for care...
Claiming the marriage allowance - updated guidance The Low Incomes Tax Reform Group have published their updated guidance on how to apply for the new transferable personal allowance, known as the marriage allowance, for married couples and civil partners which came...
Extension of farmers' averaging to give greater flexibility One of the important announcements in the March Budget was the extension of farmers’ averaging, where farmers who meet specific conditions can average their profits for income tax purposes, from two years to...