Whether you are just starting or considering a change in business structure, choosing between sole trader and limited company status can have a significant impact on your tax bill and long-term plans.| numericaccounting
Accountants in Salisbury, Wiltshire. Providing cost effective chartered accountancy for businesses of all sizes and industries. Book a free consultation.| numericaccounting
At Numeric Accounting, serving businesses and individuals across Salisbury, Southampton, and the surrounding areas, we believe good tax planning is about more than just saving money today; it’s about securing...| numericaccounting
One of the simplest ways is to ensure you are fully utilising your tax-free allowances.| numericaccounting
Let us start with the headline: employer’s National Insurance is increasing from 13.8% to 15%. That’s a 1.2% hike you’ll need to pay on top of your employees’ salaries. For a number of businesses, that alone is going to add pressure to already-tight budgets.| numericaccounting
The New April 2025 classifications are important if you are a business owner who is considering buying a double cab pickup. We are here to help you understand the new tax classifications and the longer-term impact of your decision.| numericaccounting
This blog from Numeric Accounting looks at Making Tax Digital for Income Tax Self Assessment and tells you what you need to know.| numericaccounting
The Numeric Accounting blog takes a look at how holiday pay operates in relation to the pandemic and how it might differ from standard entitlement.| numericaccounting
THE NEW VAT RULES FOR CONSTRUCTION SECTOR START ON 1 MARCH 2021 New VAT rules are due to come into effect on 1st March which will impact accounting for VAT for transactions in the construction sector. The new rules are called “the domestic reverse charge for supplies of building and construction services”. Under the new...| numericaccounting
It was announced on the 2 November that the government is increasing its support to the self-employed over the coming months and ensuring people get paid faster than previously planned. To reflect the recent changes to the furlough scheme, the UK-wide Self-Employment Income Support Scheme (SEISS) will be made more generous – with self-employed individuals...| numericaccounting
Following the announcement by the Prime Minister on the 31 October regarding the new lockdown in England for the commencing 4 November, and the subsequent announcement by the Chancellor on 5th November, the CJRS has been extended until 31st March. The Grant will ensure employees receive 80% of their current salary for hours not worked,...| numericaccounting
HMRC updated their guidance 4 May to outline the process for applying for SEISS. Full details: https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme The scheme will allow you to claim a taxable grant of 80% of your average monthly trading profits, paid out in a single instalment covering 3 months, and capped at £7,500 altogether. You will get a taxable grant...| numericaccounting
On Thursday 26 March the government announced their intention to provide further support for the self-employed in the form of a taxable cash grant. The scheme allows individuals to claim a taxable grant worth 80% of their trading profits up to a maximum of £2,500 per month for the 3 months from March to May 2020. This may be extended if needed.| numericaccounting
PLEASE NOTE: NOTE THIS GUIDANCE IS STILL INCOMPLETE AND THE GOVERNMENT NEED TO ISSUE FURTHER BRIEFING NOTES ON THE DETAIL. Introduction Under the coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been...| numericaccounting
