Latest Accounting & Financial News

Say hello to Kim, TBL Accountants’ Bookkeeping Supervisor. Get to know more about Kim and her role at TBL Accountants here…

Last week, HMRC launched the IR35 consultation, a consultation that is exploring the extension of the reforms on off-payroll works into the private sector. Currently, the IR35 reforms – an anti-avoidance tax legislation designed to challenge the tax paid by contractors involved in off-payroll working – only affect those in the public sector.

The slowdown to making tax digital continues as other policies take priority. According to the email, which was sent to AAT among others, HMRC has decided to delay plans to introduce further digital services for individuals, to release project capability to EU exit work.

While major tax changes were not expected in the Spring Statement, we have rounded up all the updates from today’s publication that could affect you and your business. From the latest economy status to updates and consultations that could impact your business in the year ahead, read on for all the key takeaways from the 2018 Spring Statement.

As confirmed by the Chancellor of the Exchequer in the Autumn Budget, April 2018 sees the introduction of the new National Living Wage rate and

Many companies are predicting IR35 reforms to extend into the private sector this year, after rules were introduced for the public sector in April 2017. What is IR35 and how can the reforms affect your business?

It was announced at the end of 2017 that this year’s Spring Statement is due to take place on 13 March 2018. This was to replace that Spring Budget – the last of which took place in March 2017 – so that the UK now has just one major change to the tax system every year.

The way businesses file information and update their tax accounts is changing. Here is what you need to know.

To help businesses in Southend and beyond, all the important tax, VAT and PAYE dates and deadlines for the financial year 2018-2019 are in one place.

Previously, buyers do not pay tax on the first £125,000 of a property purchase. However, in a popular move with younger voters, stamp duty for first-time buyers has been cut. In a more controversial move, the Help to Buy scheme has also been extended. How will this affect the property market?