Original artwork by local photographer W H Harding for more information click here
When you’re self-employed, keeping track of essential dates and deadlines can be challenging. One crucial date to remember is 5 October 2024, which is the deadline to register for Self-Assessment. If you started working as a self-employed individual on or after 6 April 2023, you must register with HM Revenue & Customs (HMRC) by this…Read More
The furnished holiday lettings (FHL) tax regime is set to be scrapped from April 2025, with draft legislation already on the table. If you own a holiday home, now is the time to get familiar with these forthcoming changes and consider how they could impact your tax liability. From April 2025, the tax incentives associated…Read More
While we’ve made meaningful progress in the global energy transition, the pace is still too slow. The charity Accounting for Sustainability (A4S) and Aviva Investors have sounded the alarm in their new report, Accelerating the Transition: Assessing Progress and Driving Action. Despite the shift from voluntary to mandatory sustainability reporting, emissions continue to rise. Scientists…Read More
Your environmental, social and governance (ESG) strategy might just pave the way to growth for your business. ESG initiatives are increasingly important for businesses in terms of client values and acting ethically. However, tracking and reporting on ESG objectives may also be the key to achieving efficiency and optimised business performance – crucial drivers of…Read More
Having the right team that aligns with your goals and values is key to the success of your business. However, many sectors are currently facing a skills and staffing shortage. Government data shows that over one-third of vacancies were skills-shortage related, with around a quarter of all employers having at least one vacancy within their…Read More
HMRC has begun to issue ‘nudge letters’ to cryptoasset owners who may have underpaid tax when selling their assets, urging them to amend or submit a tax return. In this rapidly evolving sector, asset holders are not always clear on what income or profit generates a tax liability. This follows the introduction of CARF…Read More
As we approach the Autumn Budget on 30 October, speculation is rife about potential changes that could impact taxpayers across the UK. Over the coming weeks, this series of blogs will look at areas of tax that might be affected by the Budget, and the ‘what ifs’ that surround them. Today, we look at Capital…Read More
We’ve all become increasingly savvy when it comes to identifying scams, yet this hasn’t deterred fraudsters, who are finding new ways and schemes to trick businesses into parting with their hard-earned profits. A recent warning from HM Revenue & Customs (HMRC) has highlighted a particularly concerning scam, where fraudsters are sending letters that appear to…Read More
As more people turn their passion for breeding and selling animals into a source of income, HM Revenue & Customs (HMRC) will be writing to people to ensure that those involved in these activities are paying the correct tax. Whether you’re breeding dogs, cats, or other animals, it is important to know what your tax…Read More
You may have recently received correspondence from HM Revenue & Customs (HMRC) asking you to check if you need to pay the High Income Child Benefit Charge and to double-check the amount if you have already paid. If you or your partner earned more than £50,000 during the year, this charge could apply to…Read More
Manchester-based accountancy firm, FFT, is kicking off National Payroll Week with a celebration of payroll superheroes up and down the country – keeping businesses going with the power of planning and efficiency! The firm, which provides a full range of accountancy, business advisory, tax and payroll services, recognises the potential of an efficient payroll team…Read More
Economic uncertainty often forces businesses to seek ways to reduce expenses without sacrificing quality or service.
It is the time of year when the job market is populated with new graduates, fresh from receiving their university results, and a great time for your business to pick out a talented new hire. Hiring recent graduates is a great way to inject new ideas and energy into your team. However, managing payroll for…Read More
HM Revenue & Customs (HMRC) is reaching out to around 560,000 individuals over the next few weeks regarding their tax obligations.
Storms, heavy rain, and other severe weather conditions can cause major damage to your business premises, leading to costly repairs, loss of revenue, and in some cases, even financial ruin.
Whether you're starting from scratch or have been in business for years you'll benefit from working with FFT advice on how to take you to the next level.
