HMRC
Paying employees early at Christmas
Under Real Time Information (RTI), you must report payments made to employees and associated deductions to HMRC on a Full Payment Submission (FPS) at or
December 1, 2021 No Comments
OnPoint Accounting Blogs
Tax
File your tax return by 30 December 2021 to have underpayments coded out
File your tax return by 30 December 2021 to have underpayments coded out The deadline for filing your 2020/21 self-assessment tax return is midnight on
December 1, 2021 No Comments
Tax
Tax checks for licence renewal applications
From 4 April 2022, applicants applying to renew certain licences will need to pass a tax check before their licence application can be considered. Initially,
December 1, 2021 No Comments
VAT
New VAT rate for hospitality and leisure
New VAT rate for hospitality and leisure To help the hospitality and leisure industries recover from the impact of the COVID-19 pandemic and associated lockdowns,
December 1, 2021 No Comments
Finance & Accounting
AIA transitional limit extended
The Annual Investment Allowance (AIA) is a capital allowance that enables you to claim an immediate deduction against your profits for qualifying capital expenditure up
December 1, 2021 No Comments
Tax
Budget highlights
The Chancellor presented his Autumn Budget and Spending Review on 27 October 2021. Some of the highlights are discussed below. Income tax rates and thresholds
December 1, 2021 No Comments
Acquisition News
OnPoint Accounting Group Launches My Easy Payroll
The Onpoint Accounting Group is proud to announce the establishing and Launch of My Easy Payroll My Easy Payroll was set up to focus on
November 15, 2021 No Comments
Software Partnerships
OnPoint Accounting Group Announces Strategic Partnership with Intuit QuickBooks
Intuit QuickBooks and OnPoint Accounting Group announce strategic partnership in Scotland London, 15 November 2021—Intuit QuickBooks, a leading financial management software provider, and OnPoint Accounting
November 15, 2021 No Comments
Payroll
Paying tax and National Insurance due under your PSA
If you agreed a PAYE Settlement Agreement (PSA) with HMRC for 2020/21, you will need to pay the tax and Class 1B National Insurance that
October 27, 2021 No Comments
Advice
Extension of Making Tax Digital for VAT
Making Tax Digital (MTD) for VAT is currently only compulsory for VAT-registered businesses whose turnover for VAT is above the VAT registration limit of £85,000.
October 20, 2021 No Comments
Advice
Plan ahead for increases in the dividend tax rates
As part of the Government’s funding strategy for health and social care, the dividend tax rates are to be increased from April 2022, alongside the
October 13, 2021 No Comments
News
National Insurance rises and the Health and Social Care Levy
On 8 September 2021, the Prime Minister outlined the Government’s plans for health and social care, including a new funding strategy designed to meet social
October 6, 2021 No Comments
Advice
End of the CJRS
The Coronavirus Job Retention Scheme (CJRS) came to an end on 30 September 2021. The scheme has provided financial help to employers and employees during
September 30, 2021 No Comments
Advice
Get ready for the plastic packaging tax
Get ready for the plastic packaging tax The plastic packaging tax is a new tax which is being introduced from 1 April 2022. The tax
September 29, 2021 No Comments
Advice
Check you are paying the NMW
Check you are paying the NMW The Government have recently named and shamed well-known employers who have fallen foul of the National Minimum Wage legislation.
September 22, 2021 No Comments
Advice
Reclaiming SSP for periods of self-isolation
The recent ‘pingdemic’ has resulted in large numbers of employees self-isolating. Where an employee meets the qualifying conditions, you must pay them SSP while they
September 15, 2021 No Comments
Advice
Kickstart Scheme
Kickstart Scheme You may be able to benefit from funding under the Kickstart Scheme if you are looking to create new jobs for young people.
September 8, 2021 No Comments
Advice
MTD ITSA – Basis period reform
Basis period reform HMRC have been consulting on the reform of the basis period rules in preparation for the introduction of Making Tax Digital for
September 8, 2021 No Comments
