Category Archives: Uncategorised

June 18, 2021

Focus on NI contributions

New government proposals target the promoters of national insurance contribution (NIC) avoidance schemes, while plans are in place to introduce a zero rate of employer contributions in Freeports. Both measures are included in the National Insurance Contributions Bill 2021.
June 11, 2021

Family money increases wealth divide through inheritance

Research by the Institute for Fiscal Studies provides a stark warning of how important inheritances are going to be for younger generations in terms of both lifetime income and wealth.
June 04, 2021

HMRC’s April interest rate cut

HMRC’s official rate of interest has been cut from 2.25% to 2% from 6 April 2021. This will affect any directors or employees who have a beneficial loan from their employer, as well as directors who have an overdrawn current account with their company. The official rate is also used in some other tax calculations.
May 28, 2021

Excess furlough money repaid

The government reports that 3,000 businesses have voluntarily repaid over £760 million of furlough grants received under the Coronavirus Job Retention Scheme (CJRS) where the reality of the impact of the pandemic was not as bad as first anticipated.  For those less forthcoming, the government is targeting fraudulent claims.
May 25, 2021

In memory of Allan Cheason

Our much loved and respected former colleague Allan passed away on 11 March 2021. His funeral was held on 29 March 2021 at New Southgate Crematorium.
May 21, 2021

New tax year opportunities

Some tax planning should happen before the end of the tax year; but the start of a new tax year also presents opportunities. With many people experiencing a drastic change to their circumstances due to the pandemic, it is more important than ever to keep on top of your tax affairs.
May 14, 2021

Freeport tax incentives

Among the development measures the Chancellor announced in the March Budget were eight new freeports in England. These are due to enter operation in late 2021, with each freeport including a defined tax site within which a range of tax incentives and reliefs for businesses will apply.
May 07, 2021

Missing out on tax-free childcare

Missing out on tax-free childcare By setting up an online childcare account, you can get a government top-up to help with the costs of childcare. However, thousands are missing out on this payment.
April 30, 2021

Should you incorporate?

The planned increase in corporation tax has changed some of the mathematics on incorporation.
April 23, 2021

Changing tax payments for SMEs

As making tax digital extends to businesses and landlords from April 2023, the government is considering whether to increase the frequency of tax payments, both for the self-employed and companies. The recently published consultation is part of the government’s ten-year strategy to build a modern tax administration system.
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