senior-disable-man-in-eyeglasses-and-shirt-playing-chess-with-social-worker

National Insurance Increase from April 2022

Don’t forget that the new National Insurance increase to cover social care costs will be introduced from April 2022. The details can be found on the gov.uk website but the essential details are as shown below with links for further information: From April 2022 the rate of National Insurance contributions you pay will change for one…

male-hand-holding-a-check-and-using-a-calculator-when-filling-out-an-individual-tax-calculation

Remember to file your online tax return by the deadline

The deadline for filing paper tax returns passed on 31 October 2021. If you missed it, don’t worry; you still have until 31 January 2022 to submit your tax return online. By this date, you must have submitted your return for the 2020/21 financial year and paid off any tax you still owe for the…

Cheadle tax self-assessments

Now is the time to think Self Assessment

The deadline for Cheadle tax self-assessments is fast approaching, and now is the best time to start planning to make their payments. The deadline for the 2020 to 2021 tax year digital tax return is January 31 2022. Everyone knows the process of making sure every invoice is correct and every receipt is accounted for…

investors in Cheadle

How will the new UK budget affect property and investors in Cheadle?

On Wednesday Chancellor Rishi Sunak revealed a bumper £150 billion worth of spending in his new UK budget, as well as a variety of reforms and tax changes. But how will this affect property and investors in Cheadle. He said he was presenting a “new age of optimism” with his “generous” Budget promising public spending…

mtd for landlords

Why should landlords care about MTD For Income Tax and why do they need to start planning now?

MTD For Landlords: From April 6 2024 landlords with business or property income above £10,000 will need to follow new rules for MTD (Making Tax Digital) when paying Income Tax. The government aims to once and for all put all income records online and make the process of paying tax more efficient. HMRC says they…

Financial accountant working on the laptop at the office desk

How has the pandemic changed the way businesses tackle fraud?

With the rapid rollout of the COVID-19 vaccines across the world, especially in the more developed western countries, people and businesses are beginning to turn their heads to what life will be like once the pandemic is over. The impact the pandemic has had on business cannot be overstated from changes in operations, changes in…

Social worker using infrared thermometer

How the National Insurance increases affect businesses

The new Health and Social Care tax recently announced by the Prime Minister, Boris Johnson, will initially be collected through National Insurance contributions (NICs). This rise will be paid by both employed and self-employed workers and will be an increase of 1.25 percentage points from April 202 . Dividend tax rates will also rise by…

business

Your insurer says you’re not covered?

Business Interruption Insurance Claims  Your insurer says you’re not covered. The Government says that you are covered. Your insurance brokers say they don’t know. There is so much contradictory information out there, how do you find out? How much could you possibly claim? Will your claim be successful?  We have recently established our business interruption…

tax free childcare

Are you a working parent? Do you know about the Tax-Free Childcare scheme?

The Government Tax-Free Childcare scheme has been in operation since 2017. It replaced the Employer-Supported Childcare scheme, which as the name suggests, was offered to parents by their employers. The new scheme is open to everyone (subject to eligibility) and benefits more families than the previous one did. What is Tax-Free Childcare? As detailed on…

Business documents on office floor

Business interruption insurance claims are now possible

As previously reported. the Supreme Court handed down its judgment on 15 January 2021, substantially allowing the FCA’s appeals and dismissing the insurers’ appeals. This means that many thousands of policyholders who have cover should now have their claims for coronavirus-related business interruption losses looked at. The judgment from the Supreme Court and High Court provides policyholders and…

CJRS Claims Help

Coronavirus Job Retention Scheme (CJRS) claims

Businesses in Cheadle must meet 30% of costs from July With the economy showing signs of bouncing back, restrictions to movement and personal freedoms being lifted and a more widespread return to the office anticipated, one of the central support pillars of business support provided by the Government has been the Coronavirus Job Retention Scheme.…

Phishing scam fraud identity theft concept - credit card on fishing hook on white computer keyboard

APP fraud is a popular scam this year, here’s what to look out for…

Authorised push payment – APP fraud – where fraudsters trick you into forwarding money from your account to theirs – cost consumers more than £207 million in the first half of 2020, according to UK Finance, the trade body representing financial firms. According to experts at GBG, a company that specialises in identity data intelligence,…