Blog

The Impact of UK Interest Rate Cuts

The Impact of UK Interest Rate Cuts: What Happens if Inflation Rises? Interest rates play a crucial role in shaping the economy, influencing everything from borrowing and spending to saving and investment. When the Bank of England (BoE) cuts interest rates, it...

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Tax and your work Christmas party

How to reward your team in a tax-efficient way. As 2023 draws to a close, many employers will be looking for ways to reward their teams’ hard work. But how can you do that in a tax-efficient way that benefits both you and your employees? Thankfully, showing your...

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SELF ASSESSMENT

Self-assessment What to watch out for when navigating this important financial obligation. The UK self-assessment system has its quirks and nuances, and understanding how to stay compliant is crucial to a smooth and stress-free income tax process. From early paper...

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Accountants call for drastic improvements to HMRC service

Accountants are struggling to work with HMRC at even the most basic level and are calling for urgent improvement. The overwhelming majority (93%) of respondents to an ACCA survey said that HMRC needed to make drastic improvements across at least three key areas...

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HMRC to cut access to phone lines by 30%

The tax authority plans to cut the use of phone-based tax advisers by 30% within two years as it struggles to cope with increasing demand and cuts to staffing budgets HMRC chief executive Jim Harra said: ‘We want to reduce the volume of contact through phone and post...

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Tax Returns for 2022-23 – FILE NOW!

Now that we’re well into the new tax year (and approaching the 31 July payment on account), tax returns for 2022-23 can be submitted any time now, up until the deadline. We’re strongly encouraging our clients to submit their tax returns well before the January...

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