After a prolonged period of speculation, the new Prime Minister Liz Truss has announced preliminary details of how the government plans to deal with the energy price crisis. In late May this year, the then…
HMRC withdraws P11D PDF alternative
HMRC has decommissioned its interactive PDF that businesses have been using to submit up to 150 P11Ds. For 2021/22, former users will instead have to turn to HMRC’s PAYE online service or use commercial payroll…
More disclosure on the cards for businesses
A downside to running a limited company is that financial information is publicly available. However, micro-entities and small companies do not have to file a profit and loss account, so available information is somewhat restricted.…
Small business: double hit from rising prices
Rising prices hurt just about everyone, but small business owners face a double hit: the impact on their own spending power, but also less revenue coming in from cash-strapped customers. The volume of retail sales…
The patchwork effect of rising inflation
2021 ended with inflation sitting at 5.4%, but it may not have felt like that to you. You may have caught the food campaigner Jack Monroe on TV and radio interviews recently highlighting how the…
Student loans – normal debt rules do not apply
The issue of student loans weighs heavily on students and their families, and even political parties – remember the Lib Dems? But the name itself has created misunderstanding about how they operate and the best…
Scammers step-up sophisticated frauds
One side effect of the pandemic has been a surge in scams, with around £535 million reported as lost to investment fraud in the year to April 2021. One investment scam involving a retired detective…
Thinking of retiring anytime soon?
A recent survey of people who have retired or plan to retire in 2021 provides interesting insights, whatever your intended retirement year. The average age of people planning to retire in 2021 is 60, according…
Coping With Brown Envelope Syndrome
It's estimated roughly 100,000 people a year enter one form of formal personal insolvency or another and Covid-19 is likely to significantly increase this figure. This article is written in the hope that it may…
Deferring July’s income tax payment
HMRC is allowing your second self-assessment payment due on 31 July 2020 on account for the tax year 2019/20 to be deferred, due to the Covid-19 pandemic. This means no interest or penalties will be…