For those clients of ours, who are or looking to go VAT registered, this document details the basics of VAT, the different types of VAT schemes, and the benefits for your business. Making tax digital (MTD) came into effect in April 2022, this doesn\’t have to be a daunting change, as this should make VAT processes […]
With the current economic situation, some may want to begin planning for managing inheritance tax, especially when considering how to plan this in the most tax-efficient way. We have prepared a guide here which explain more on Inheritance Tax Rules as well as making a Will. If you have any further queries on this, please do not
Increasing house prices raise inheritance tax risk. Soaring house prices coupled with certain thresholds being frozen in the most recent Budget have the potential to drag more estates into the inheritance tax net over the coming years. Back in March 2021, Chancellor Rishi Sunak confirmed the main inheritance tax thresholds will remain frozen at their
Get on track for a comfortable retirement. If you have a defined contribution pension scheme – whether private or through your employer – your retirement savings have probably been hit quite hard by the COVID-19 pandemic over the past 12 months. That’s because pension funds invest in the stock market and recent turbulence, which has
Property investment has always been a source of a steady income and a wise choice for those thinking of their future and saving for their retirement, however it may be a tricky route to take due to the changes to income relief and thinking of life after mortgage interest relief for landlords. Our guide here
Now that the government are slowly easing the measures put in place due to Covid and as many businesses have been getting back to normality, there have been recent announcements into the support for businesses in the next few months, and our guide here will explain what the measures are and if they apply to you, such
With the number of schemes the government have put in place over the last few months to support those affected by Covid-19, they have also had to put in place measures to investigate that every claim is correct and not fraudulent, so it is important to know that HMRC may decide to investigate if they
For those planning on passing on wealth to the next generation, it may be a complicated system in which route you decide to take, and you may have considered trusts as an option. Our detailed guide here will explain the different options you may have,as well as the impact on tax and family circumstance. If you would
UK Economy slumps into recession after record contraction in April Builders Cash flow chaos prompts further reverse charge VAT delay Government clarifies furlough scheme stance for employers Self Employed grants are liable for tax and national insurance Please find July\’s Insider report here. As always feel free to get in touch if you have any queries.
Extension to Furlough scheme to end of October Businesses claim billions in state support Coronavirus impact places UK Economy into \’Significant Recession\’ HMRC relaxes stance on home office equipment until 2021/22 You can find the full report here.
Accounting4Everything are a Paignton based Accountants servicing clients across Torbay and the South West.
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Accounting4Everything is the trading name for Accounting 4 Everything SW Limited, a company registered in the England & Wales. Company No. 08967022 Registered Office: 13 Hyde Road, Paignton, Devon, TQ4 5BW