Live updates to be published here and then summarised after Chancellor Rishi Shunak is set to release a budget for unusual times on 3rd March 2021 – “Whatever it takes” Key announcements Protect jobs Furlough scheme to be extended to end of September, no change to terms for employees As businesses reopen employers will be…
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The new grant will give small businesses immediate cash grants of between £1,000 and £5,000 to cover the cost of essential services during the post-lockdown recovery. You could use the grant to hire advisors to provide specialist advice to support your business’s recovery following the impact of the pandemic such as assistance with cash-flow forecasting…
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PAH Accounting are here to support and help small businesses, both existing clients and those others that may need support. We are working in conjunction with our key business partners, ABC Accounting Services SW Ltd, SW Payroll and Cheltenham Bookkeepers Ltd We will post the most up to date information here as and when it…
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Philip Hammond announced the Spring budget as his first and last. This is due to the move to autumn for the main budget with a spring update instead. This update highlights some of the key impacts for small businesses: The Chancellor announced a one year deferral from Making Tax Digital for Business for unincorporated businesses…
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It didn’t seem overly exciting; however, there are always snippets within the details that will have a major impact. Flat rate vat changes will impact many of our clients. Disguised remuneration also came up again. We will of course look into the detail and notify our clients of any impacts on them. Chancellor Philip Hammond…
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Live updates on the items that will affect small businesses. Keep refreshing the page. Also available on our Facebook page and our twitter feed. We choose to put the next generation first Chancellor confirms his view that Brexit will create uncertainty on the OBR growth forecasts Lowest proportion of people claiming benefits since 1970…
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Salary or dividend? What’s the most tax-efficient way to pay yourself in 2016/17? Owner-managers and contractors often pay themselves in a combination of salaries, bonuses and dividends. A common strategy is to draw a salary of around £8,000 while also extracting profits from the business as a dividend. A salary of £8,060 (for the…
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Spreadsheet errors marked as major business risk As business accounting becomes increasingly reliant on technology, errors in spreadsheets could pose a threat to the financial stability of many companies, according to the Institute of Chartered Accountants in England and Wales (ICAEW). A report reveals that half of accountants feel that errors occur in spreadsheets with…
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George Osborne, Chancellor of the Exchequer, has announced the latest Autumn Statement along with his Spending Review. Download our full Autumn Statement 2015 report The two biggest politcal issues were tackled and the Chancellor agreed to scrap plans to cut tax credits; however the devil will, as ever, be in the detail. In light of recent times the loudest…
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HMRC has revealed how it plans to introduce digital tax accounts over the course of the 2015/16 tax year. First announced in Budget 2015, news that HMRC wants digital accounts to replace traditional annual tax accounts created much debate. Now, further details of what this transitional process will look have been provided by HMRC: July…
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