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24 Oct 24

Changing a company’s year end date

There are specific rules that restrict changing a company’s year-end date, also known as the "accounting reference date". Initially, this is based on the date of

24 Oct 24

HMRC shares 5 common reasons for helpline calls

There are a little over three months remaining to file your self-assessment tax return online for 2023-24. The deadline is 31 January 2025. As this date approaches, an increasing

21 Oct 24

Recent speculation on forthcoming Budget

There is unlikely to be much to celebrate when Rachel Reeves delivers her first Budget on the 30th of October. Speculation is rife regarding the likely targets for tax increases.

21 Oct 24

Managing business cashflow

Cash Flow Forecasting Creating a cash flow forecast helps you predict your inflows and outflows, allowing you to anticipate any cash shortages. Update it regularly, be

17 Oct 24

Deferring Class 1 NIC contributions

Employees with more than one job may be eligible to defer or delay paying Class 1 National Insurance in certain situations. This deferment can be considered if any of the following

17 Oct 24

Pension fund withdrawal options

Most personal pensions set a minimum age at which you can start withdrawing money, typically not before age 55. Some pension benefits can be taken tax-free. Generally, you can

17 Oct 24

Who qualifies for Tax-Free Childcare?

The Tax-Free Childcare (TFC) scheme helps working families manage childcare costs by providing support through a wide network of registered providers, including childminders,

17 Oct 24

Class 4 National Insurance payments

Self-employed individuals are usually required to pay Class 4 National Insurance contributions (NICs) if their annual profits exceed £12,570. For the 2024-25 tax year, Class 4 NIC

17 Oct 24

Payments on account for self-assessment

Self-assessment taxpayers typically need to pay their Income Tax liabilities in three instalments each year. The first two payments on account are due by 31 January during the tax

17 Oct 24

Boosting your State Pension

HMRC has issued a new press release reminding readers of a limited-time opportunity to enhance their State Pension. Currently, there is an opportunity for affected individuals to

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