Wanted Senior Client Manager for Hereford accountancy practice Fast growing accountancy firm Relaxed working environment Salary £35-45k Generous bonus Flexible working No timesheets Sound like you? Drop us your CV to team@theonlineaccountant.com We are a growing firm of accountants in Hereford with a wide and varied client...

The budget has come and gone, but did you look past the headlines? Here is our one page budget reminder card, to check that you haven't missed anything which may impact your or your business. Any questions, let us know. TOA...

Budget UPDATE! SUPER DEDUCTION From 1 April 2021 until 31 March 2023, companies investing in qualifying new plant and machinery assets will be able to claim a 130% super-deduction capital allowance on qualifying plant and machinery investments or a 50% first-year allowance for qualifying special rate...

Budget UPDATE!   A new Restart Grant in April, "to help businesses reopen and get going again".   Non-essential retail businesses will receive grants of up to £6,000 per premises.   Hospitality and leisure businesses will get grants of up to £18,000. ...

Budget UPDATE!   Income tax rates set until 2026   On income tax, the threshold for paying the basic rate will rise to £12,570 next year.   For higher-rate payers, the threshold will be £50,270.   Both rates will stay the same until 2026.   And the VAT registration threshold will remain at £85,000 until...

Budget UPDATE!   Corporation Tax to increase to 25% in April 2023 (up from 19%).   No change for companies with profits less than £50k.   Profits between £50k to- £250k - the rate will be tapered. ...

Budget UPDATE!   The stamp duty cut will continue until the end of June, with the nil rate band set at £250,000 until the end of September. Reverting back to the £125,000 lower band in October. ...

Budget UPDATE!   VAT - the 5% reduced rate of VAT will be extended for six months to 30 September followed by interim rate of 12.5% for another six months.   The standard rate will not return until April next year. ...

Budget UPDATE! Furlough will continue until September, with no change of terms. After July, businesses will be asked for a 10% contribution, rising to 20% in August and September. Support for the self-employed will also continue until September. ...

When does it come into effect? Introduced from 1st March 2021   Who does it effect? VAT registered businesses who work in the Construction Industry Scheme (CIS)   Why does it exist? Designed to combat fraud. There have been instances where sub-contractors are charging VAT to contractors and are not VAT registered....