Author: Simon Murrison

Autumn budget: business taxes

Overall the UK autumn budget is uneventful and some of the announcements outlined below will not impact Scottish businesses. We look forward to the Scottish budget on the 9 of December and will be sharing announcements that will have a […]

autumn budget: personal taxation and investments

income tax For 2022/23 to 2025/26, the personal allowance will remain at £12,570 and the higher rate threshold at £50,270, as previously announced. In Scotland, the higher rate threshold for non-savings, non-dividend income will be announced in the Scottish Budget […]

autumn budget overview & highlights

The first autumn Budget for three years was a three-part presentation. The Chancellor’s well-trailed speech was accompanied by the first multi-year Spending Review since 2015 and the latest Economic and Fiscal Outlook (EFO) from the Office for Budget Responsibility (OBR). […]

protecting your business against fraud

Instances of fraud have increased during the pandemic – what can you do to help mitigate the risks? Invoice fraud is on the rise and while not a particularly new scam, it can be catastrophic for businesses who fall victim […]

beware mini-umbrella company fraud

HMRC are urging businesses to look out for the use of mini-umbrella companies (MUCs) to pay contractors supplying their labour via agencies and other intermediaries. Businesses need to be aware of the financial and reputational risks of such entities in […]

Companies House webinars

Join Companies House live webinars for quick and useful guidance. The webinars cover a range of topics, including: starting a limited company and your responsibilities to Companies House and HMRC how intellectual property such as patents, trademarks and copyrights can […]

are you trading with the EU?

If your business moves goods between the UK and countries in the EU, they will need to follow new customs and tax rules. Their business will be affected by the new rules if they: buy goods from an EU seller […]

making tax digital extended to more businesses

making tax digital extended to more businesses

Currently only VAT registered businesses making taxable supplies in excess of the £85,000 VAT registration threshold are mandated to comply with Making Tax Digital (MTD) rules. Those rules require the business to keep digital business records and send VAT returns […]

SPRING 2021 BUDGET: CORONAVIRUS MEASURES

Coronavirus job retention scheme (CJRS) The CJRS (furlough scheme) will be extended to run until 30 September 2021, providing employees with 80% of their current salary for hours not worked. Up to the end of June, the current 80% government […]

Some financial lessons from the last year

The last year has been a traumatic one in which much has changed, perhaps never to revert to the old ‘normal’. It has also provided some useful financial lessons. Make sure you have an up-to-date will – Early on in […]

Get ready for new off-payroll working rules (IR35)

This time last year businesses were preparing for important changes to the rules where workers supply their services via their own personal service companies. The start date was then deferred from 6 April 2020 to 6 April 2021. The new […]

So what are ammu’s business predictions for 2021?

SO WHAT ARE OUR BUSINESS PREDICTIONS FOR 2021? We have to admit that last year we did not predict the Pandemic and the devastation we have endured. We did predict Brexit disruption, and this looks like it will be the […]

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