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Autumn Budget 2022

The headline message from the Chancellor The Chancellor highlighted that “In the face of unprecedented global headwinds, families, pensioners, businesses, teachers, nurses and many others are worried about the future.” He highlighted he aims to tackle the...

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Working from Home Allowance and P11Ds

The Working from home allowance has changed for the 2022/23 tax year. As an individual you can now only claim it if you have to work from home (not if you choose to do so). Who is eligible for work from home tax relief? As an individual you can now only claim tax...

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Accounting System for Sole Traders

Erin looks after all our sole traders and earlier this year did a lot of work in the background on the best accounting system for self-assessment clients to use. It needed to comply with Making Tax Digital (MTD) for  Income Tax Self Assessment (ITSA), be straight...

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Changing National Insurance in July

The rates for national insurance contributions (NIC) increased by 1.25 percentage points for everyone on 6 April 2022. From 6 July the NIC starting threshold will rise to £12,570 per year (£1,048 per month) for employees. This means that some lower paid employees will...

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Our Letters of Engagement and Your Data

Over recent months we have been getting in contact with our clients to issue new letters of engagement and service schedules. This has been as a result of changes in legislation and we want to make sure we are fully transparent in the services that we provide, how we...

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These rates are for the National Living Wage (for those aged 23 and over) and the National Minimum Wage (for those of at least school leaving age). The rates change on 1 April every year. Date Age 23 and over Age 21 – 22 Age 18 – 20 Under 18 Apprentice April 2022...

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Xero have added a new feature giving you the ability to set a credit limit for a customer so you can keep track of what they owe you. The credit limit can be set within the contact record, see the help notes here You can also add a credit limit block to a customer to...

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We know how important it is for our clients to get paid on time and reduce hours spent on admin. That’s why we recommend GoCardless for Xero. GoCardless for Xero allows you to collect payments automatically or manually for any Xero invoice. The free GoCardless for...

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