Since the Budget in March, businesses have seen a stream of different support schemes and policies announced to help them manage the financial impacts of the coronavirus lockdown. When Chancellor Rishi Sunak stood in the House of Commons again on 8 July, it was in the context of the gradual reopening of the economy, with[…]
An overview of accountancy issues in the third sector If you’re in charge of running a charity, you will know how it differs from operating a business and how its motives and goals vary. Non-profit organisations are treated very differently under the law, and managing a charity’s accounts can offer some unique challenges as a[…]
View our latest Jack Ross Insider for June 2018.
What’s new for 2018/19? Despite year-on-year tax rises, company cars remain a popular benefit. While the tax cost of expensive high-emission cars can be eye-watering, by choosing carefully it’s possible to enjoy the convenience that comes with a company car for a relatively low tax cost. So, as the new tax year gathers steam, what’s[…]
What to expect from incorporating your business With a new tax year almost upon us, many sole traders will be reviewing their business structure and considering whether it’s worth switching to a limited company. There’s no denying that incorporating a business proved popular in 2017, with Companies House reporting a 7% rise in the number[…]
A range of measures designed to boost business and productivity were announced in Autumn Budget 2017. Amid a background of discontent surrounding business rates, chancellor Philip Hammond revealed future increases will be determined by the Consumer Prices Index measure of inflation from April 2018. The measure comes into effect two years earlier than originally planned[…]
Under-25s push for national living wage equality Workers under the age of 25 are missing out on more than £6,000 a year because they are not entitled to the national living wage (NLW).
Personal tax returns need to be submitted to HMRC before 31st January. As of today, that leaves just 61 working days to get the return finalised. This year, there is an earlier deadline which may be relevant to you. HMRC have announced from 13 January 2018 (i.e. only 49 days away), they will no longer[…]
Businesses accepting cash payments of €10,000 or more HMRC under money laundering regulations (MLR).
Employers with more than 250 staff are now required by law to report gender pay gaps, following the introduction of new legislation. Employers must publish the following figures by April 2018: their median gender pay gap – difference between midpoints in the ranges of men’s and women’s pay their mean gender pay gap – difference[…]