Personal tax planning in 2021/22 If there’s one thing to take away from Spring Budget 2021, it’s taking charge of your personal finances is going to be increasingly important over the next five years. With the financial fallout from COVID-19 over the last year being the fiscal equivalent of fighting a war at more than[…]
Get on track for a comfortable retirement. If you have a defined contribution pension scheme – whether private or through your employer – your retirement savings have probably been hit quite hard by the COVID-19 pandemic over the past 12 months. That’s because pension funds invested in the stock market and recent turbulence, which has[…]
Update on Barrister Incorporation Back in 2015, the Bar Standards Board began accepting applications from Barristers who wish to practice through a separate legal entity, thus paving the way for barristers to operate through a limited company. Since then some 75 entities are now BSB Authorised Bodies meaning that they are fully owned and managed[…]
As part of the Budget announced on 3rd March 2021, the Government introduced new temporary first-year allowances, including a 130% super-deduction, which will take effect from 1st April 2021 up to 31st March 2023. HM Treasury has provided a factsheet covering the super-deduction here. We have summarised the capital allowances applicable from 1st April 2021[…]
Are you prepared for changes to the IR35 rules? Exactly a year later than planned, changes to the off-payroll rules – known as IR35 – will take effect in the private sector next month. The emergence of COVID-19 delayed the changes affecting large and medium-sized private-sector organisations this time last year, but now it’s for[…]
Congratulations to Chloe Taylor who has been nominated as the Employee of the Month for February 2021. Each month our staff choose a colleague that they believe has gone above and beyond. This month, Chloe was chosen by her colleagues as she has been doing a fantastic job managing her workload despite having a lot[…]
Businesses that deferred paying VAT between 20 March 2020 and 30 June 2020 do not need to pay the full amounts by the end of this month. VAT-registered firms were not required to make VAT payments during this deferral period, and initially had until 31 March 2021 to pay any liabilities. However, the Government’s winter[…]