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The Accountants for Growth

The New HMRC Late Payment Penalty (LLP) Regime

The New HMRC Late Payment Penalty (LLP) Regime
What is the aim?
· To bring the LPP regime in line for both VAT and income tax.
 
When will the new penalty regime start?
· For VAT - accounting periods beginning on or after 1st April 2022.
· From an income tax perspective, for those self-employed and property landlords who will be caught by Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) – Accounting periods beginning on or after 6th April 2023.
· For those remaining taxpayers still caught up within the SA Return system – Accounting periods beginning on or after 6th April 2024.
 
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Watch out Self Employed - Changes Ahead

Watch out Self Employed - Changes Ahead
Who does this affect?
·       Unincorporated businesses (sole-traders, partnerships, and limited liability partnerships) whose accounts year does not end between 31st March and 5th April.
 
What is the present position?
·       For a particular tax year, you are normally taxed on the net profit per the accounts which end in that tax year.
 
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An Advent Message

An Advent Message
I am reliably informed that if you are currently seventy years of age you will have spent about three of those years just waiting (in the shops, at the doctor’s, for a train, for lunch to arrive)! And those who drive may feel that they have waited far longer than that!
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St Basil's Walk 2017

St Basil's Walk 2017
On Saturday 17th June, the James, Stanley & Co team of five which was made up of Andrew, Chandni, Dawn , Devaney and our loyal walker from St Peter’s Church, Andy Batch, set out from Cirencester College on a 14 mile walk (which turned out to be nearer 17 miles) for the St Basil’s charity.
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Cloud Accounting - Part 2

Cloud Accounting - Part 2
Following the previous blog on cloud accounting, this blog shares three options we provide that fits the needs of every type of business. To help you identify the best option for your business here is a quick overview.
 
Total Accounting Solution
 
This is the best option for ambitious business owners who want comprehensive support and advice to help them build a truly successful business, maximise their income and wealth, and minimise their tax bills. We drill down to the fine detail of what figures really drive and impact your business including;
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