Accountancy Blog

Our accountancy blog is updated monthly with our opinions on a variety of issues affecting our clients and the industry sectors we cover.

Options if You Missed the Self-Assessment Deadline

Updated 23 February Did you miss the Self Assessment deadline of 31 January this year? As we know, the past year has been anything but normal and the Self Assessment deadline was no different. On 25 January HMRC announced that Self Assessment customers will not receive an automatic late filing penalty if the deadline was missed […]

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Global Markets Performance Update – Quarter 4 2020

Overview Global equity markets continued to rally Value stocks had their best quarter since 2009 The impact of vaccine announcements overshadowed those of further lockdown measures Low returns on government bonds expected to continue. Equities Following last quarter’s rebound, equity markets continued to rally in the fourth quarter of 2020. In spite of government action […]

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Making Tax Digital (MTD) Update

It’s been almost 2 years since HMRC introduced the first phase of Making Tax Digital (MTD) for VAT registered businesses with a turnover above the VAT threshold of £85,000. Although the pace of the wider ‘Making Tax Digital’ strategy rollout has been slowed by the impact of COVID-19, you should be aware of the key […]

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‘Tis the Season to Speculate – Tax Reforms

It’s probably safe to say that Rishi Sunak will be looking for ways to answer the “someone’s got to pay for it” question surrounding the incredible amount of money that has been borrowed to fund the COVID-19 crisis. Informed estimates suggest the government is going to have to raise around £40 billion a year. One […]

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What the Pension Freedoms Mean for You

The Government has confirmed that in 2028 it will increase the age at which people can access their pensions from 55 to 57. Under current pension freedom rules, introduced in 2015, individuals aged 55 and over can choose how and when they can access their savings. However, the government said in an answer to a […]

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News

Coronavirus/COVID-19: Summary of Finance and Business Measures – last updated 23 February

This article summarises the business support measures the UK and Scottish governments, along with other NGBs and organisations have introduced as a result of the COVID-19 outbreak. Last updated 23 February: VAT Deferral – online application system now open For each measure we have listed the date of the latest change. Simply click on any […]


Blog

Options if You Missed the Self-Assessment Deadline

Updated 23 February Did you miss the Self Assessment deadline of 31 January this year? As we know, the past year has been anything but normal and the Self Assessment deadline was no different. On 25 January HMRC announced that Self Assessment customers will not receive an automatic late filing penalty if the deadline was missed […]