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 […]
VAT Accounting Schemes Read More »
This month the Insider newsletter provides a summary of the following: LACK OF AWARENESS OF TAX LIABILITY AMONG CRYPTO INVESTORS HMRC: BUSINESSES DON’T THINK MTD APPLIES TO THEM SELF-EMPLOYED STRUGGLING WITH TAX OBLIGATIONS BANK OF ENGLAND FOCUSES ON RETURNING INFLATION TO THE 2% TARGET Our full report can be found here and if you have any questions
Business Insider News – August 2022 Read More »
As some of you may know, there are changes happening to National Insurance Contributions (NICs). From 6th July, these changes will come into effect with the NIC thresholds being amended, so that both the primary threshold and the lower profits limit rises from £9,880 to £12,570, bringing them in line with the income tax personal
How do changes to NICs affect you? Read More »
This month the Insider newsletter provides a summary of the following: Government Overhauls Audit Regime National Insurance Threshold Increases Recovery Loan Scheme comes to an end Taxpayers not ready for Making Tax Digital Our full report can be found here and if you have any questions please do not hesitate to contact us.
Business Insider News – July 2022 Read More »
R&D tax credits were once a little known tax incentive for companies which invested in innovation, however, in recent years they are much more widely understood and used. They are still a remarkably effective way for innovative companies to get something extra back from the tax system. We have prepared a short guide here which explains R&D
The Tax Benefit for Innovative Companies Read More »
This month the Insider newsletter provides a summary of the following: HMRC Raises Interest Rates on Late Tax Payments Work from Home Tax Relief may not be available in 2022/23 Bank of England Raises Interest Rate to 1% SMEs unprepared for MTD Rollout Our full report can be found here and if you have any questions please
Business Insider News – June 2022 Read More »
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
The Importance of Estate Planning Read More »
Planning to take advantage of low interest rates? After a challenging year for the UK’s residential landlords, you might have read about improvements to the buy-to-let mortgage market in recent weeks. In the three months to 31 May 2021, the average interest rates for residential landlords had declined. A two-year fixed-rate buy-to-let mortgage fell 0.10
Tax planning for residential landlords Read More »
An introduction to the main business tax. VAT is a business tax on the supply of goods and services. It is charged at varying rates depending on what is being supplied, who it is being supplied to and where it is being supplied to. But with Brexit, temporary rate changes due to COVID-19, the rollout
The basics of VAT for UK businesses Read More »
How might the big freeze affect you? Traditionally, most people get nowhere near breaching the pensions lifetime allowance, but that’s likely to change over the next five years. The lifetime pensions allowance is currently £1,073,100. In his Spring Budget on 3 March 2021, however, Chancellor Rishi Sunak revealed that this would be frozen until 5
The pensions lifetime allowance Read More »
Accounting4Everything are a Paignton based Accountants servicing clients across Torbay and the South West.
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Accounting 4 Everything is the trading name for Accounting 4 Everything SW Limited, a company registered in the England & Wales.
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