Entries by Gemma Burke

Job vacancy: Administrative/Accounts Assistant – Full Time

Job vacancy: Administrative/Accounts Assistant – Full Time We are a busy accounting firm in Stansted with 5 team members. We are looking for an Administrative/Accounts assistant to join our team. As one of the first points of contact for our clients and colleagues you will be well presented, pleasant, welcoming and reassuring.  Using your admin […]

Part Time Bookkeepper Vacancy

We have experienced incredible growth over the last 12 months and as a result we need to expand our team once again. We are very excited to promote our part-time Bookkeeper vacancy and to welcome the right candidate to join our busy team. We like to think of ourselves as being a bit different from […]

HMRC telephone service deteriorates further

HMRC telephone service deteriorates further ICAEW (INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND AND WALES) published an article today showing the latest figures for April to June 2023 show that callers waited even longer on HMRC helplines. To read their full article, please click on this link: https://latest.icaew.com/47WY-1JNFH-E0AF077E2B5BB3D5JVYH04A78E9F786418FD2/cr.aspx      

New penalties for submitting VAT returns or paying VAT late

New penalties for submitting VAT returns or paying VAT late, which came into effect from 1‌‌‌ ‌‌January 2023. The new penalties replace the default surcharge and now also apply to customers who submit nil or repayment returns. To avoid penalties, you must: • submit your VAT returns on time using software that is compatible with Making […]

Self Assessment threshold change

Self Assessment threshold change From tax year 2023 to 2024 onwards, the Self Assessment threshold for customers taxed through PAYE only, will change from £100,000 to £150,000. Affected customers do not need to do anything now as the Self Assessment threshold for 2022 to 2023 tax returns remains at £100,000.  They will receive a Self Assessment […]

Information from HMRC – VAT registration helpline will be closing!

From‌‌‌‌‌ ‌‌‌Monday‌‌‌ ‌‌22 May 2023, HMRC will close their VAT registration helpline – a subsidiary of the VAT helpline – which was dedicated specifically to helping customers who have a concern around their VAT registration application. Over 85% of calls to the VAT registration helpline were from customers who wanted an update on the progress […]

Keeping on top of your business finances

As a small business owner, it’s important to keep on top of your finances to ensure the success and longevity of your business. Here are some friendly and easy-to-follow tips to help you stay on track: Keep track of your income and expenses. Make sure you keep a record of all your business income and […]

New VAT penalty points scheme

As a firm of accountants, we welcome the introduction of the new VAT penalty points scheme by HM Revenue and Customs (HMRC). The scheme provides a clear framework for businesses to understand their VAT obligations and the consequences of non-compliance. From a third-party perspective, we have seen many businesses struggle with VAT compliance. We understand […]

Spring Budget 2023 – A summary of the key announcements

A summary of the key announcements: Business tax Corporation tax – The Chancellor confirmed that the main corporation tax rate will increase from 19% to 25 with effect from 1 April 2023. Capital Allowances – The super-deduction regime will end 31 March 2023, and will be replaced from 1 April 2023 with ‘full expensing’ – 100% capital […]