Draft Welsh Government Budget 2024/25

by Jessica Garbett | Jan 22, 2024 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA For our Clients in Wales, here is a useful summary from ACCA The draft Welsh Government Budget for 2024/25 was published on 19 December 2023....

HMRC sets out consultation on new draft regulations for MTD

by Jessica Garbett | Jan 22, 2024 | ACCA, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Draft legislation and notices have been issued HMRC has set out draft legislation and notices following announcements in the Autumn Statement...

Bank dispute resolution service extends into 2024

by Jessica Garbett | Jan 19, 2024 | business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Business Banking Resolution Service will continue to operate The Business Banking Resolution Service (BBRS) has informed ACCA that it will...

New employment law retains anti-discrimination rules

by Jessica Garbett | Jan 19, 2024 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA EU-derived anti-discrimination laws continue to apply from 1 January 2024, that would otherwise have automatically ceased to apply from that...

New holiday rules for part year and irregular hours workers

by Jessica Garbett | Jan 18, 2024 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Employers should plan for new rules, which came into force on 1 January 2024 The new regulations clarify that paying rolled-up holiday pay at...

Updates from Companies House

by Jessica Garbett | Jan 17, 2024 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Including answers to questions around the Economic Crime and Corporate Transparency Act Changes to UK company law The Economic Crime and...

Changes to National Insurance contributions from 6 January 2024

by Jessica Garbett | Jan 17, 2024 | ACCA, business taxation, personal taxatation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA HMRC rates tables updated As mentioned in our recent Autumn Statement Summary, class 1 NIC contributions were cut with effect from 6 January...

Self-assessment: repair or capital?

by Jessica Garbett | Jan 16, 2024 | ACCA, business taxation, capital taxation, personal taxatation, property taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA A recap of what is allowable when preparing your taxes The profits of a trade are calculated in accordance with generally accepted accounting...

HMRC announces reduced support during December and January

by Jessica Garbett | Jan 15, 2024 | ACCA, business taxation, HMRC, personal taxatation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Support for the self-assessment helpline will be redirected to online services From 11‌‌‌ ‌‌December 2023, HMRC has made changes to...

Record keeping, estimates and valuations – advice ahead of the self Assessment deadline

by Jessica Garbett | Jan 15, 2024 | ACCA, business taxation, capital taxation, personal taxatation, property taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA As the self-assessment tax return deadline is approaching, taxpayers should be reminded that they are required to keep any records and...

Side-Hustles & Tax

by Jessica Garbett | Jan 12, 2024 | business taxation

There has been a lot of confusion online about ‘side-hustle’ tax. Money Saving Expert Martin Lewis, accidentally overcomplicated the rules and then tried to correct himself by oversimplifying them. You will need to register for tax if your side-hustle...

Tailored compliance advice for AI and digital technology businesses

by Jessica Garbett | Dec 19, 2023 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Tailored compliance advice for AI and digital technology businesses Businesses and other organisations developing innovative digital...

‘Live-in’ domestic workers to become entitled to minimum wage

by Jessica Garbett | Dec 18, 2023 | ACCA, National Minimum Wage and National Living Wage

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Employers of au pairs, nannies and other live-in domestic workers will have to pay them the minimum wage as a result of proposed changes to...

Fifth of SMEs and freelancers see increase in late payments

by Jessica Garbett | Dec 15, 2023 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Seven tips to help you protect your finances from late payments Late payments are a powerful economic disruptor impacting businesses of all...

Start-up boom sees rise in rural entrepreneurs

by Jessica Garbett | Dec 14, 2023 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA More and more Britons are choosing to set up their own business In the past 12 months, more than 100,000 rural micro businesses have been...