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Auto Enrolment Contribution Changes 2018

Automatic enrolment has changed the face of the workplace pension dramatically and as an employer, you need to be aware of how this will affect you – not just now, but as auto enrolment contributions change in 2018. Here are the answers to some of the questions we… read more

Tax-Free Childcare Explained

The Tax-Free Childcare scheme, recently launched by the government, will top up the amount eligible parents spend on childcare by 25% to a maximum contribution of £2000 per child. Who is eligible? The Tax-Free Childcare scheme should benefit many self-employed parents as well as employees who do not… read more

Automatic PAYE Tax Code Adjustments

HM Revenue and Customs are planning to use information now available from Real Time Pay As You Earn to make automatic PAYE tax code adjustments through the year, rather than waiting until the end of the tax year. Automatic PAYE Tax Code Adjustments Designed to help millions of… read more

HMRC delay Making Tax Digital

Towards the end of last week, HMRC confirmed the new timeline for Making Tax Digital (MTD). Following the snap general election in June 2017, clauses relating to MTD were dropped from the Finance Bill 2017, leaving both accountants and businesses uncertain as to when, and even if, MTD… read more

How does the VAT Flat Rate Scheme impact on consultants?

At Rawlinsons, we are already starting to see the impact that the Flat Rate VAT scheme changes are having on businesses, particularly consultants. Changes to the scheme, which came into effect on 1st April 2017, will impact businesses defined as ‘limited cost traders’ (see below), who will have… read more

2017 Spring Budget

Philip Hammond’s first Budget speech as Chancellor was a relatively low key affair, with only a few standout announcements. One of these was the increase in Class 4 National Insurance contributions (NIC’s) for the self-employed. This increase follows the previously announced abolition of the outdated Class 2 NIC’s,… read more

Cloud Accounting Support

As a business or individual, you may be looking at the HMRC’s new quarterly online reporting requirements with some trepidation. You may also be considering cloud-based programmes to ease the transition. And of course, each software supplier provides its own FAQ and support. One thing you don’t need… read more

Surprise, surprise! Autumn Statement scrapped….

The most surprising news of Philip Hammond’s Autumn Statement was his decision to abolish it. In future we will have an Autumn Budget and a Spring Statement.  The announcement brought hilarity from the benches, but in reality it does appear to make some sense. Following the spring 2017… read more

How can cloud accounting benefit your business?

Managing your small business finances efficiently is essential to the success of your enterprise. You might be new in business and looking for the right approach, or maybe you have been established for a number of years and are wondering whether cloud accounting will suit you better than a traditional approach. Whichever… read more

Making Tax Digital

Whether it be online shopping, gaming, advertising or socialising everything we now do is made “simpler” by the digital world and even HMRC are on board, with their plans to make tax digital. By 2020 HMRC plan to move to a full digital tax system, which they tell… read more