Financial Update

Pearson May Financial Update: Reporting benefits and expenses

May 16, 2022
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Pearson May Financial Update: Reporting benefits and expenses

It is important at this time of year not to overlook the filing deadline for any ‘P11D’ forms that may be required to report certain benefits and expenses provided to employees in the tax year ended 5 April 2022, writes Pearson May partner Matthew Rutter.   Any forms required must be reported to HM Revenue...

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Pearson May weekly financial round-up

May 12, 2022
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Pearson May weekly financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. SMEs not ready for Make Tax Digital, accountants say Businesses also unaware of other government schemes. Read more here               Interest on late taxes raised to 3.5% Move by HMRC follows increase...

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Pearson May weekly financial round-up

May 6, 2022
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Pearson May weekly financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. IPSE: “IR35 damages business growth” 42% of firms report negative financial impacts. Click here for more information Companies House reform impacts SMEs Government shake up to bolster powers of Companies House. Read more here    

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Pearson May weekly financial round-up

April 28, 2022
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Pearson May weekly financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Tax planning for mixed domicile marriages  ‘Non-doms’ can benefit from a more lenient tax treatment. For more details, click here Figures paint ‘mixed picture’ for businesses Business confidence grows, regardless of challenges ahead. Find out more here    

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Pearson May weekly financial round-up

April 14, 2022
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Pearson May weekly financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Key tax changes for 2022/23  National Insurance threshold increased to match income tax allowance. For more details, click here Make Tax Digital for VAT next phase rolled out VAT-registered businesses must comply regardless of income. Find out more here...

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Pearson May weekly financial round-up

March 31, 2022
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Pearson May weekly financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Sunak aligns NIC threshold and income tax  Primary threshold and lower profits limit increasing to £12,570. For more details, click here Spring Statement support: Is it enough? Measures announced to mitigate cost of living crisis. Find out...

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Pearson May weekly financial round-up

March 17, 2022
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Pearson May weekly financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Outlook for 2022 economy sours  British Chambers of Commerce and thinktank the Resolution Foundation warn of harsher economic conditions for 2022. Get more information here House of Commons passes Economic Crime Bill Beneficial owners of overseas entities...

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Pearson May Financial Update: The end of the tax year – do you need to take action?

March 8, 2022
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Pearson May Financial Update: The end of the tax year – do you need to take action?

As the end of the 2021/22 tax year approaches on 5 April, it is also a good time to review your affairs, making the most of opportunities to maximise your income and minimise your tax. Some tax planning may require action to be taken before 5 April. Pearson May partner Jacqui Bowden highlights a...

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Pearson May weekly financial round-up

March 3, 2022
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Pearson May weekly financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. House of Lords and NAO raise concerns over IR35  New reports highlight risks and challenges for HMRC. Find out more here Government considers new online sales tax Tax on internet sales would be used to reduce business...

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Pearson May Financial Update: Tax changes affecting limited companies

February 21, 2022
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Pearson May Financial Update: Tax changes affecting limited companies

Despite mounting pressure to scrap the increase in National Insurance Contributions (NICs), the Prime Minister and Chancellor recently confirmed that they are ‘fully committed’ to introducing the so-called “Health and Social Care Levy” on 6 April 2022, writes Pearson May partner Matthew Rutter. With a planned increase in Corporation Tax also due in just...

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