oana - Ion Partners Accountant
June 6, 2024
Directors and National Insurance
Directors are classed as employees and are required to pay National Insurance on their annual income from salary and bonuses that exceed the Primary Threshold. For […]
April 29, 2024
Checking your National Insurance records
HMRC offers an online service for checking your National Insurance Contributions (NIC) record. The service is available on the Government website. You will need a Government […]
April 17, 2024
Accessing the HMRC mobile APP
HMRC’s free tax app is available to download from the App Store for iOS and from the Google Play Store for Android. The latest version of […]
April 17, 2024
COVID Bounce Back abuse
The Insolvency Service has recently published information confirming that a total of 831 company directors were banned in 2023-24 for Covid support scheme abuse, up more […]
April 9, 2024
Tax-Free Mileage Expenses: A Guide to Claiming Mileage Allowance in 2024-25
Understanding Tax-Free Mileage Expenses and Mileage Allowance Payments (MAP) If you use your own vehicle for business journeys you may be able to claim a tax-free allowance […]
March 27, 2024
HMRC helpline changes on hold
HMRC has been forced into an embarrassing climbdown on plans to close the Self-Assessment, VAT and PAYE helplines from early April until September this year. HMRC […]
March 13, 2024
Spring Budget 2024 – VAT registration threshold changes
The taxable turnover threshold that determines whether businesses should be registered for VAT will increase from £85,000 to £90,000 from 1 April 2024. The taxable turnover threshold that […]
March 6, 2024
ECCT Act Empowers Companies House with New Authorities
ECCT Act. Companies House rolls-out new powers. The first measures under the Economic Crime and Corporate Transparency Act 2023 (ECCT Act) came into force on Monday, […]
March 6, 2024
Companies House filing fees increase
Companies House has announced that some of its fees will change starting 1 May 2024. The last change in fees was in April 2016.  The fees […]