Earlier today, the new Chancellor, Kwasi Kwarteng, delivered a ‘fiscal statement’ (that’s a ‘mini-Budget’ to the rest of us) in the House of Commons. However, as events transpired, it turns out there really wasn’t anything mini about it at all, as Mr Kwarteng used his first speech as Chancellor to make some pretty seismic economic […]…
On Monday, the Chancellor, Philip Hammond, presented his Autumn Budget to Parliament. Whilst there’s a lot to decipher from his announcement, we’ve taken a concentrated look at the changes and predictions that are most likely to affect you and your business. Targets Met for Higher Rate Threshold & Personal Tax Allowance The higher rate […]…
October 30 2018 @ 10:58 am by Damian Broughton MBE
Philip Hammond yesterday delivered his budget outlining what we can expect from April 2019 and beyond, and, as widely anticipated, plans to reform IR35 rules for those working ‘off-payroll’ in the private sector have been announced. What we now know With concerns around the recent reform in the public sector being voiced, namely, the […]…
Monday’s Autumn Budget will be the Government’s first official opportunity to respond to the recent consultation on off-payroll working in the private sector, and current discussion appears to revolve more around when the changes will come into force, rather than what the potential changes may be. WHAT ARE THE GOVERNMENT’S OFF-PAYROLL, BUDGET PLANS? Rumours […]…
The first deadline of the current tax year is fast approaching. If it’s your business’s second tax year and you’re registering for Self-Assessment, you must do so by this Friday, October 5th, or face a potential financial penalty. Here are some quick to-dos for Self-Assessment registration, whatever your circumstances. If you’re registering as a […]…
The much anticipated consultation into IR35 has been released, detailing the government’s proposed changes in order to tackle non-compliance in the private sector. Unsurprisingly, at the top of HMRC’s list of proposed changes is an extension of the public sector reform to the private sector, although alternatives have been presented including encouraging businesses to secure […]…
Many will have wondered why HMRC have ‘gone quiet’ regarding the possible extension of the IR35 changes that affected the public sector last year, to the private sector. Admittedly, all government departments have had a substantial amount of time taken up with Brexit issues, but a recent survey conducted by the FCSA – an independent […]…
Finding the right accountant, or even knowing where to start looking, can be a daunting experience for many people. How do you know who you trust? Are you being charged a fair rate? Do your accountants have your best interests at heart? There are over 320,000 accountants registered in the UK alone, so how do […]…
February 14 2017 @ 3:42 pm by Damian Broughton MBE
By Damian Broughton MBE Some would say that 2016 was one of the most noteworthy years for change, but as we’re now firmly into the new year, it looks as though 2017 could become even more notorious than its predecessor. I would like to say from the outset that we must remember that change always […]…
National accountancy firm Danbro has signed the biggest-ever cloud accounting deal which will give thousands of self-employed individuals and small businesses across the UK free access to the award-winning FreeAgent platform. Under the groundbreaking partnership, 4,000 of Danbro’s freelancer, consultancy and micro-business clients will be able to manage their business finances by accessing the popular […]…
