If you own a furnished holiday let, important tax changes are on the horizon. Currently, furnished holiday lets qualify for Business Asset Disposal Relief (BADR), allowing property owners to benefit from lower Capital Gains Tax when selling. However, this beneficial […]
If you claimed Child Benefit before May 2000, you may be missing out on your full State Pension entitlement. Prior to that date, there was no requirement to provide a National Insurance number when applying for Child Benefit. Unfortunately, this
Child Benefit Claimants Missing Out on Full State Pension Entitlement Read More »
Pension tax changes are predicted to be a part of the forthcoming budget next month. We go through each of the potential changes to pension taxes and the likelihood of them being implemented. The main areas of pension taxes that
Potential Pension Tax Changes: Predictions & Actions to Take Read More »
To promote our new Darlington accountancy office in Coniscliffe House, we have taken out an advert with the Sainsburys store in Darlington. Look out for our Accountants advert at Sainsburys in Darlington next time you visit the store. We moved
PH Chartered Accountants Advert at Sainsburys Darlington Read More »
On Wednesday 6th March 2024, the Chancellor, Jeremy Hunt announced his Spring Budget to update the country on the fiscal plans ahead. With an upcoming general election later this year, tax cuts were anticipated. As with every budget there are
Spring Budget 2024 – How it affects you and your business? Read More »
The Autumn Statement was announced on Wednesday 22nd November 2023. The Chancellor, Jeremy Hunt announced 110 measures for businesses to deliver an ‘Autumn Statement for Growth’. The main announcements included significant reductions in National Insurance, full expensing for Companies and
Autumn Statement 2023 – How it affects you and your business? Read More »
The most frequently asked questions regarding the Construction Industry Scheme to assist both Contractors and Subcontractors. This is just an overview of the main topics. Related Links: DISCLAIMER – Please note that the content contained in this article is for
A CIS penalty of £100 is issued to contractors who file their monthly returns just 1 day late. This can increase to up to £3,000 per a return. Contractors who fail to comply with the requirements of the construction industry
What are the CIS penalties for filing returns late? Read More »
Improve your understanding of CIS repayments with this step-by-step guide. Get all the information you need to complete your CIS reclaim. Businesses which are registered as 20% net subcontractors receive less income from the contractor. They don’t receive the full
How do Subcontractors reclaim CIS Repayments from HMRC? Read More »
Contractors need to pay CIS to HMRC on a monthly or quarterly basis. We will show you the options on how to make the CIS payment. CIS deductions are paid to HMRC in the same way as employers make their