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 […]
BEST WAYS TO RECORD YOUR EXPENSES FOR YOUR ACCOUNTANTPERSONAL TAX ACCOUNTANTS IN MANCHESTERWhat are the best ways to record your expenses for your accountant? Read on… Do you keep adding more receipts to that ever-growing pile of crumpled up paper? It was okay at first, it didn’t bother you much, but now the anxiety of it […]
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 […]
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 […]
Parker Whitwood summarises the special national insurance rules for company directors and sets out who is treated as a director for these purposes.
Is Your Accountant Qualified?PERSONAL TAX ACCOUNTANTS IN MANCHESTERAAT Launches Guide Explaining the Risks of Unregulated AccountantsThe guide by Accountancy Today, draws consumers’ attention to the lower standards of service and protection and the higher risks of using an unregulated accountant and presents examples of malpractice, incompetence and dishonesty witnessed by AAT members shared from a […]
DO I NEED AN ACCOUNTANT?PERSONAL TAX ACCOUNTANTS IN MANCHESTER Do you need an accountant for your small business?If you’re confident in your ability to deal with your business finances, it’s possible to prepare and file your accounts yourself.Company accounts are due every year regardless of whether a company is active or dormant. You must register them at Companies […]
DEFERRED VAT PAYMENTS DEADLINEPERSONAL TAX ACCOUNTANTS IN MANCHESTER The Deferred VAT Payments Deadline LoomsThe deadline for paying VAT deferred due to the impact of coronavirus is the 30th June 2021. ICAEW’s Tax Faculty explains the options available to businesses to avoid a 5% penalty.One of the first tax easements for businesses affected by the coronavirus pandemic […]
CORONAVIRUS BUSINESS SUPPORTPERSONAL TAX ACCOUNTANTS IN MANCHESTER Coronavirus – how is HMRC is continuing to support customers and the economy?Throughout the pandemic, HMRC’s priority has been to deliver the government support to protect people’s livelihoods and help businesses get through this difficult time financially.As the UK begins to emerge from COVID-19, the country will face serious economic […]
WORKING FROM HOME TAX RELIEFPERSONAL TAX ACCOUNTANTS IN MANCHESTER Did you know that you could claim back some money in tax reliefs for working from home on a regular basis, either for all or part of the week.This includes if you have to work from home because of coronavirus (COVID-19).HMRC will allow you to claim tax […]