National Insurance Increase 2022

NATIONAL INSURANCE INCREASE 2022ACCOUNTANTS IN MANCHESTERIf you’re self-employed, you need to be clear on the taxes you need to pay – and that includes the National Insurance (NI) increase coming in April 2022. Our article to National Insurance for the self-employed covers the basics. Read on to find out how your profits affect the amount of […]

Read More

8 Purchases You Didn’t Know Where Tax Deductible

8 Purchases You Didn’t Know Where Tax Deductible?ACCOUNTANTS IN MANCHESTERWho doesn’t love a refund?! We’ve got a list of 10 purchases that you didn’t know where tax deductible. Scroll on… When preparing your annual self-assessment, it’s important to know what counts as an allowable expense. HMRC states that anything you claim must be ‘wholly and exclusively’ […]

Read More

Parker Whitwood Receives First Clutch Review

At Parker Whitwood, Accountants in Manchester, we provide professional accounting and financial services that help businesses grow. Since 2017, we’ve been offering bookkeeping, payroll, tax returns preparation, VAT returns, and other accounting services to small and medium-sized businesses across Manchester and the wider UK. We are focused on reducing our client’s workload, helping them make […]

Read More

Company Insolvencies on the Rise in June 2021

Company Insolvencies on the Rise in 2021?ACCOUNTANTS IN MANCHESTERAccountancy Today has reported that company insolvencies rose by 63% in June 2021. The figure represents an 18% drop compared to June 2019 (2020 data removed due to unprecedented trading conditions), it marks a spike in insolvencies from May 2021 where there were 2,011 business closures.Scotland also saw a […]

Read More

Fifth SEISS Grant

Fifth SEISS GrantPERSONAL TAX ACCOUNTANTS IN MANCHESTERSelf-employed taxpayers can now apply for the fifth SEISS grant, but you may need to provide two different turnover figures from your business as part of your application…. The portal to apply for the fifth self-employed income support scheme (SEISS) grant opened on 29 July, but not everyone can apply […]

Read More

A Day in the Life of An Accountant

A Day in the Life of an AccounantPERSONAL TAX ACCOUNTANTS IN MANCHESTER Here’s Mark – One of our Senior Client Accountants Tell us about the duties and responsibilities of your job.My role at Parker Whitwood is Senior Client Accountant, this means I am responsible for different roles for clients such as Bookkeeping, Payroll, VAT Return preparation, Year-End […]

Read More

HMRC on Auto-Correct with Tax Returns

HMRC on Auto-Correct with Tax ReturnsPERSONAL TAX ACCOUNTANTS IN MANCHESTERTax returns auto-corrected for SEISS grantsHMRC is automatically correcting tax returns where the total of declared SEISS grants don’t match what HMRC thinks the taxpayer has received, but those auto-corrections can be challenged.As AccountingWEB reported in May, HMRC had to stall the processing of many 2020/21 self assessment […]

Read More