by admin | Jul 18, 2024 | National Insurance
The Employment Allowance benefits eligible employers by reducing their National Insurance liability. The current allowance is £5,000. An employer can claim less than the maximum if this covers their total Class 1 NIC bill. The allowance is only...
by admin | Jul 18, 2024 | HMRC notices
Two separate £1,000 tax allowances for property and trading income were introduced in April 2017. If you have both types of income highlighted below, then you can claim a £1,000 allowance for each. The £1,000 exemptions from tax apply to: If you make...
by admin | Jul 15, 2024 | Business Support
The Chancellor has promised to take immediate action to fix the foundations of the economy, rebuild Britain and make every part of the country better off. In her first speech as Chancellor, Rachel Reeves pledged to leaders of some of the UK’s pioneering...
by admin | Jul 15, 2024 | Business Support
The Information Commissioner’s Office has a simple guide that explains what you need to do in the 72 hours following a data breach. The seven step approach advocated is set out below: Step one: Don’t panic It’s understandable if you’re...
by admin | Jul 11, 2024 | Corporate Governance & Regulation
HMRC must be informed when a non-trading or dormant company restarts trading and becomes active for Corporation Tax purposes. Companies can use HMRC Online Services to supply the relevant information. When a company has previously traded and then stops it would...
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