Accountants of Worcester

04/02/2025

Over a million missed the tax return deadline | AccountingWEB

HMRC has released the latest figures [1] revealing how many tardy taxpayers failed to meet the 31 January deadline for self assessment.

05/04/2024

https://www.moneymarketing.co.uk/news/child-benefit-threshold-to-increase-to-60000/

Annoyingly, the £60k and £80k thresholds are applied to individuals. So a couple each on £60k pa will receive full child benefit. However, a single parent on £80k pa will lose all child benefit. HMRC and the Government are aware of this and are working towards resolving this silly rule...

The threshold at which parents are charged for receiving child benefit is to rise from £50,000 to £60,000, chancellor Jeremy Hunt announced in the Budget today (6 March). The top of the taper at which the benefit is withdrawn altogether will also rise to £80,000. These thresholds had not previous...

06/03/2024

996 signatures are needed, let’s get there by the end of the day?

22/12/2023

Wishing all my clients a merry christmas. The office is now shut until Wedns 27th of December 2023...

19/12/2022

As per usual, HMRC have had to put on hold making tax digital for Self Assessment. Was to start April 24 with those with a turnover above £10k. Now it April 26 with turnover over £50k and a year after, those over £30k

06/01/2022

The Self Assessment deadline of the 31st of Jan 22 has been moved to the 28th of Feb 22 with no penalties. However, they still urge you to get your return in online if you can...
https://hmrc.imicampaign.uk/seeemailinfull/EmailServlet?campaignkw=notrack&tid=CC03_1641469941441092641&signature=48AC0F952E4CF243FBD337C752A8C0C8

21/05/2021

Good afternoon all. Just a quick note that I will be on annual leave from Wednesday the 26th of May and back on Monday the 7th of June....Any problems, email me and if I can respond, I will or i'll forward it on to my business partner Kath to deal with. Cheers

11/09/2020

For those setting up in self employment with computer skills. I found a fab tool using an Excel spreadsheet. You enter you income and expense categories, then every day, week or month, you enter the amounts and it automatically creates a spreadsheet showing your yearly activity. From that information, you can hopefully complete your own Tax Return but it's always wise to ask an accountant to finalise it....

Our Excel Cash Book is easy to use and free to download

20/06/2019

Interesting reading, however, I believe that the shortfall in collection is more likely to be because of HMRC staff shortages during austerity....

The amount of uncollected tax has hit £35bn, with small businesses accounting for the largest percentage of the tax gap at £14bn while VAT evasion remains a major drain on tax revenues, reports Sara White

04/04/2019

The tax year is coming to an end. If you've collected up all your invoices and receipts but don't have time to create your accounts, contact us to arrange a meeting to discuss further. Self assessment doesn't have to be daunting if we can do the work for you at competetive rates...

25/08/2018

Are you a sole trader or at the point where It's the first year to complete a Tax Return? Unsure how to complete it or want someone else to do it? Contact us and we can chat about the options....