January payslips have seen workers across the UK pay a reduced rate of National Insurance for the first time since the rate cut announced last year took effect. The government announced it would cut National Insurance by 2p from 12% to 10% at the 2023 Autumn Statement – for the average salaried … [Read more...]
News for: Accountancy
3.8 million Self Assessment returns still to be filed a week before deadline
With just one week to go before the 31st January Self Assessment deadline, HMRC estimates that 3.8 million are risking a £100 penalty if they do not file their tax return in time. HMRC is anticipating more than 12.1 million Self Assessment tax returns to be filed for the 2022-23 tax year, along … [Read more...]
Limited companies urged to file accounts ahead of September deadline
Limited companies due to file accounts with Companies House by the end of September are being urged to allow plenty of time before the deadline. All limited companies, including dormant companies that are not trading, must deliver annual accounts to Companies House each year. Even if an … [Read more...]
HMRC reminds businesses about new VAT penalties and interest payments
HM Revenue and Customs (HMRC) is reminding VAT registered businesses to file their returns and pay on time following the introduction of a new penalties system. The late payment penalties and points-based late submission penalties were introduced from 1 January 2023, replacing … [Read more...]
Late payment problems eased at end of 2022, finds insolvency trade body
Analysis by insolvency trade body, R3, has found that the number of overdue invoices has fallen for businesses in the North-west. R3’s analysis of Creditsafe data, released at the end of December 2022, found that the number of outstanding invoices owed to firms in the North-west fell 32.1% … [Read more...]
Increased Employment Allowance comes into effect
A £1,000 increase in the Employment Allowance, the amount smaller firms can claim to reduce National Insurance Contributions (NICs), has come into effect from 6th April. The Employment Allowance has risen from £4,000 to £5,000, as announced in the Chancellor’s Spring Statement. The increase is … [Read more...]
Covid-19 insolvency measures lifted as pandemic business support winds down
Temporary insolvency measures put in place during the Covid-19 pandemic will be lifted from 31st March 2022 as the remaining pandemic support schemes are wound down. Measures were introduced as part of the Corporate Insolvency and Governance Act 2020 to limit the impact of Covid-19 related … [Read more...]
Making Tax Digital for VAT becomes mandatory in less than one week
HMRC is warning VAT-registered businesses that Making Tax Digital (MTD) for VAT becomes mandatory from 1st April. Businesses have less than one week left to ensure they are using compatible software to submit VAT returns, when online submissions become mandatory. Making Tax Digital is part of the … [Read more...]
SMEs encouraged to join programme to adopt digital accounting technologies
Cheshire East Council is encouraging SMEs in the borough to take part in a free programme to help them adopt digital accounting technologies to aid their recovery from the Covid-19 pandemic. The Adoption of Digital Accounting and Payment Technology (ADAPT) programme will give businesses that sign … [Read more...]
Payroll Assurance Scheme reaccreditation for Macclesfield payroll specialist
Macclesfield based payroll specialist for the hospitality sector, Fourth, have been reaccredited for the fourth time by the Chartered Institute of Payroll Professionals' (CIPP) Payroll Assurance Scheme. The Payroll Assurance Scheme is the gold standard for both people and payroll processes within … [Read more...]
Langricks charity golf day supports primary school financial education
Fourteen teams of golfers took part in a successful Charity Golf Day event for chartered accountancy firm Langricks at Shrigley Hall in Macclesfield and raised £2,500 to support primary school financial education. Langricks has made an ongoing commitment to DebtAware – the specialist education … [Read more...]
Cheshire accountancy firm makes acquisition in Yorkshire
Langricks Chartered Accountants in Wilmslow has acquired Holmfirth-based Michael Bell & Co, formalising long-established ties to form a new expanded practice. The deal doubles the size of the Langricks’ business, taking the headcount to 19 and turnover in excess of £1 million, and adding key … [Read more...]