Anna’s Accountancy Alerts – Week 7 (13th – 19th May 2024)

Accounting

iSpeech National Cyber Security Centre offers phishing scam training Phishing was the most common cyber-attack affecting UK businesses in 2023, according to the Department for Science, Innovation and Technology. To deal with this growing problem, the National Cyber Security Centre (NCSC) has produced an e-learning employee training package, Staying Safe Online: Top Tips for Staff. The training […]

Anna’s Accountancy Alerts – Week 5 (29th –April – 5th May 2024)

Anna's Accountancy Alerts

On 16 January 2024 the government announced that it will mandate employers to report and collect Income Tax and Class 1A National Insurance contributions on employment benefits through payroll software from 6 April 2026. This means that the 2025 to 2026 tax year will be the last year that employers will be able to file P11Ds and P11D(b)s with HMRC in most cases. From this date, tax on employment benefits will be collected in real time and not through tax codes in arrears. Class 1A National Insurance contributions will also be collected in real time for each pay period rather than at the end of the year.

Walsall Samaritans

Walsall Samaritans

I believe the Samaritans to do a fantastic job. One of my friends is a Samaritan and I know from her how valuable the service they offer is and what a difference it makes to people.

When I found out that that Walsall Samaritans need a new building I thought I want to raise awareness.

I don’t know if people realise but all the Samaritans are volunteers and many of them work full time as well as cover their shifts.

They have been in Walsall for 55 years and I want to help them to achieve their goal of getting a new building.

The area they cover isn’t just Walsall central – it includes Cannock, Hednesford, Lichfield, Sutton Coldfield, Streetly , Willenhall and Bloxwich.

They need to raise £250k and have set up Project 55 to do exactly that!

Mental health awareness day at Tesco, Walsall | Samaritans Tesco are supporting them by making them one of the charities that people can pick up a blue token and allocate it to Walsall Samaritans

Project 55 support tee’s off. | Samaritans Druids Heath Golf Club have Walsall Samaritans as their charity of the year

If you can donate or what to get involved in fundraising then click on the link below:

https://www.samaritans.org/branches/walsall/

A Financial Plan for 2024 – 3 Steps for success

Financial plan 2024

https://www.ispeech.org Over the festive break, amongst all the festivities you may have had some time to ponder what you want to achieve in the next year. As you start the New Year, it’s a great time to have a financial plan in place. It focuses your mind on where you are now and where you […]

Anna’s Accountancy Alerts – Week 37 (11th – 17th December 2023)

heating

iSpeech.org Get insulated Insulating your loft is cheap (especially if you do it yourself) with rolls costing from £25. For a semi-detached home, going from no insulation to the recommended 270mm would save you £285 a year. Turn down the heat The Energy Saving Trust (EST) estimates that, if you only have a single thermostat […]

Be More Tax Efficient

Tax

iSpeech The key to success with being as tax efficient as possible is to think about it now. Don’t leave it until sometime in the future. As you will see from this blog, there are strategies you can put in place which will make a big difference to you financially. So why wait? Are you […]

Thinking of going self-employed? – 10 things to think about

Self Employed

https://www.ispeech.org Going self-employed is a big step and it’s more likely to be successful if you think it through before you make your decision. From having the initial idea, you will need to have a vision and a plan in place before you start. By doing this you will be able to take a step-by-step […]

Anna’s Accountancy Alerts – Week 35 (27th November – 3rd December 2023)

Tax

iSpeech.org New guidance on tax basis period reforms New guidance. HMRC’s new guidance note, “Changes to reporting income from self-employment and partnerships” is the first in a series intended for owners of unincorporated businesses and their advisors explaining how the new basis period rules, which took effect on 6 April 2023, will work in practice. […]

Autumn Statement highlights

Autumn Statement Highlights

iSpeech Personal tax Income tax rates The basic rate will remain at 20%, the higher rate at 40% and the additional rate at 45% for 2024/25. The point at which individuals pay the additional rate of 45% was reduced from £150,000 to £125,140 for the current tax year and this will continue for 2024/25. Income […]

How to plan for Christmas as an accountant – tips to save money and time!

Financial planning for christmas

iSpeech.org The Christmas adverts are on telly and the jingles are in the shops. This should be a time of happiness and cheer but with the cost-of-living crisis causing fear, Christmas is going to compound them unless you plan ahead. You may be wondering how on earth you are going to cope with the added […]