If you are a charity, it is important to be aware that nearly all the provisions of the Charities Act 2022 are now in force as another tranche of rules came into force on 7th March, 2024.
Charities – Changes to the Charities Act 2022
Category Archives: Tax
Safeguard Your Business: HMRC Alerts on VAT Bank Details Fraud
In a recent development, HMRC has issued a critical warning regarding fraudulent activities targeting businesses’ VAT repayments. Exploiting Form VAT 484, fraudsters manipulate businesses’ contact, return, and bank details, posing a significant threat to financial security.
Difficult Times, Difficult Decisions for Businesses
The current economic outlook is to say the least, uncertain. Economic questions cloud the future. Interest rates, inflation, and the ongoing implications of Brexit have an impact. As does the consequences of global warming and the conflict in Europe and further afield. Forthcoming elections both here and abroad also make it harder to understand a business’ viability trading forward.
Are You Considering Earning Extra Income Through A Side Hustle In 2024?
Starting from January 1st 2024, HMRS now require selling and service platforms to regularly report your transactions to them. These records will be cross-checked with the income you’ve reported on your tax return, and any disparities may be subject to investigation.
This measure aims to combat tax evasion.
Happy New Tax Year! Navigate your 2024-25 Tax Year With Ease
Getting ready for the end of your tax year might appear daunting but don’t dread it, consider embracing it. This is an excellent opportunity to organise your business. This is easier when you have a great relationship with your accountant and you keep good records.
UK Tax Rates for 2024-25 – Key Changes
The start of the 2024-25 tax year is almost here. It is important to understand any changes to UK tax rates and allowances because this allows you to make the most of the opportunities available to you. This applies to your business, and for you personally.
Join Our Team: Apprentice Tax Assistant Position Available
Are you a part-qualified ATT or perhaps already an ATT qualified individual seeking a vibrant change from the hustle and bustle of London? Are you tired of working in isolation and longing to be part of a friendly, fun team with constant support for both your professional and personal development? Look no further – HB Accountants is looking for you!
Updates to National Insurance Contributions (NICs) and Tax Policies – Spring Budget April 2024
Changes to National Insurance contributions (NICs) and tax policies have been announced by the Chancellor. Take a look at the upcoming adjustments, including reductions in NICs rates for employees and the self-employed, changes to Capital Gains Tax rates, the introduction of a new British ISA allowance, updates to VAT registration thresholds, and plans to extend Full Expensing to leased assets. These changes are effective from 6 April 2024 and aim to support individuals and foster investment in promising UK enterprises.
Getting Ready to leave School or College? Your choices, Your Finances
If you are getting ready to leave school or college, you need to know how your next choices might affect you financially. Here is our guide to your next steps after school or college – this will be updated in the next few weeks to reflect the updates from the Chancellor’s Spring Budget on 6th March 2024 and the new tax rates for 24/25.
What Do Accountants Do?
Accountants aren’t just the data analysts you might think they are. Sure, math skills are important, but modern accounting is much more dynamic. Accountancy is problem-solving. Accountancy is detective work. Accountancy is communicating with both your clients and your colleagues. Read on if you are feel a career in accounting or auditing could be for you.
