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In the meantime, check out the latest tax news for your business

Tax-Free Childcare: How Employers Can Offer Nursery Benefits

With childcare costs on the rise, many employers are now offering workplace nurseries or creche facilities as an attractive, tax-free benefit to help attract and retain staff. For larger employers, an on-site nursery may be feasible, but for smaller businesses, partnering with a local nursery provider is often the more practical solution.

Key Tax Deadlines: September/October 2024

As we approach the latter half of 2024, it’s crucial to stay on top of your tax deadlines to avoid any penalties or interest from HMRC. Below is a detailed list of the important tax dates coming up in September and October, along with additional information to help you understand what’s due and ensure you’re fully compliant.

Should You Consider Passing on Wealth Now to Manage Inheritance Tax?

Many individuals, including high-profile figures like TV presenter Anne Robinson, are considering passing on substantial amounts of their wealth ahead of anticipated changes to inheritance tax (IHT) in Labour’s upcoming Budget on 30 October. Robinson, for example, has reportedly transferred £50 million to her children and grandchildren. So, should you be thinking about doing the same?

Making Tax Digital

MTD for income tax reporting

HMRC are currently consulting on the precise details of what needs to be reported each quarter. As expected, it seems the accounting software will need to record and report

Making Tax Digital update

Making Tax Digital (MTD) for VAT has been with us since April 2019, with the extension to all VAT registered businesses from April 2022.

MTD for income tax – Quarterly information to be reported by businesses

Making Tax Digital (MTD) for Income Tax will apply to sole traders, property landlords and certain other businesses with gross turnover and/or property income over £10,000 a year and will commence in April 2024.

Covid-19

Tax-Free Childcare: How Employers Can Offer Nursery Benefits

With childcare costs on the rise, many employers are now offering workplace nurseries or creche facilities as an attractive, tax-free benefit to help attract and retain staff. For larger employers, an on-site nursery may be feasible, but for smaller businesses, partnering with a local nursery provider is often the more practical solution.

Key Tax Deadlines: September/October 2024

As we approach the latter half of 2024, it’s crucial to stay on top of your tax deadlines to avoid any penalties or interest from HMRC. Below is a detailed list of the important tax dates coming up in September and October, along with additional information to help you understand what’s due and ensure you’re fully compliant.

Should You Consider Passing on Wealth Now to Manage Inheritance Tax?

Many individuals, including high-profile figures like TV presenter Anne Robinson, are considering passing on substantial amounts of their wealth ahead of anticipated changes to inheritance tax (IHT) in Labour’s upcoming Budget on 30 October. Robinson, for example, has reportedly transferred £50 million to her children and grandchildren. So, should you be thinking about doing the same?

Do you need more support with our business resources. Our team of experts provide more than just accountancy and tax advice. Your proactive dedicated accountant manager will really get to know you and your business to understand how we can help.

Why choose A&C Chartered Accountants?

Innovation

Work from anywhere and everywhere with our efficient cloud accounting systems; Xero and Sage Business Cloud. Being at the forefront of the latest technology is our speciality.

Efficiency

Time is the most precious resource we have. A&C will ensure all your accounting needs are met on time, with the highest level of care and accuracy.

Success

Our aim is to give your business the confidence it needs to grow and continue to be successful. We partner with you to ensure this happens.

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