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Maynard Johns Accountancy News

Keep up to date with all the accountancy news you need to know for your business with our regularly updated blog.

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New Vacancy for a Trainee to Join our Firm

Due to continued expansion, we have an exciting role to join our firm as a…

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When HMRC simple assessment is not simple at all!

Don’t fall into the trap of paying your simple assessment tax bill twice. Small business…

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We're Hiring

New Vacancy for a Trainee Manager/Accounts Senior

Due to continued expansion, we have an exciting role assisting our accountants in managing their…

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The Basis period reform and how it affects you

Important tax changes for the self-employed and partnerships The basis period reform (BPR) relates to…

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Why should you value a business

Are you aware of how to value a business and do you know what your…

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Budget 2023

Spring Budget 2023

Chancellor Jeremy Hunt delivered a ‘Budget for Growth’ after the Office for Budget Responsibility forecast…

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Payroll News 2023/24

Payroll News With the new tax year approaching fast, our Payroll news for 2023 below…

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National Insurance Contributions deadline extended

The national insurance contributions deadline extended by HMRC Further to our previous post on voluntary…

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National Insurance Contributions

What are National Insurance contributions? National insurance contributions are effectively a tax on the money…

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Voluntary National Insurance Contributions – important news!

Do you need to make voluntary National Insurance contributions? Check your national insurance record before…

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What does an accountant do?

Let’s rephrase that. It’s not a question of what does an accountant do, but what…

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Automatically pay your PAYE or CIS

Did you know you can now automatically pay your PAYE or CIS using the new…

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Uniform Tax Rebate

Uniform Tax Rebate Are you one of the many employees missing out on the Uniform…

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Winter Energy saving tips for businesses

With rising inflation and soaring energy costs, many businesses are feeling the pinch. Increased energy…

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Making Tax Digital For Self Assessment Delayed

An early Christmas present was delivered today to small businesses and landlords as the First…

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New HMRC VAT late payment penalty and interest charge scheme

Prepare for upcoming changes to HMRC's VAT late payment penalty and VAT interest charges As…

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How to avoid HMRC scams

Further to our article on How to Spot Fake HMRC letters, whilst the number of…

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Capital Gains Tax allowance signified by model house with woooden block saying tax

Capital Gains Tax allowance is halved to £6,000 from April 2023

In the Autumn Statement on November 17th, the Chancellor announced that the allowance available to…

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Corporation Tax rates from 1st April 2023 and Associated Companies

The rate at which corporation tax is charged is scheduled to increase from 1 April…

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A for sale board outside a house indicating capital gains tax on sale of property

Capital Gains Tax on Sale of Property

All you need to know about Capital Gains Tax on the sale of property in…

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Autumn Budget 2022

Autumn Statement 2022

On 17 November 2022, the government undertook the third fiscal statement in as many months,…

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How your business can cope with rising inflation

How to protect your business from rising inflation Is your business struggling to cope with…

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Reversal on Emergency Budget 2022

Chancellor brings forward further medium-term fiscal plan measures As the saying goes, a week is…

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start up loan application after reconsidering bounce back loan repayment options

Is it time to reconsider your Bounce Back Loan repayment options?

As we commence what will be a difficult winter for many, with businesses having to…

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Act Now words on blackboard with clock as Making Tax Digital deadline for VAT looms

Making Tax Digital deadline for VAT

The deadline for Making Tax Digital for VAT is less than a month away. Find…

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Autumn Budget 2022

September 2022 – Mini Budget

The government’s plans for growth Chancellor reveals his plan for growth The week leading up…

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MTD for Income Tax

MTD for Income Tax – your questions answered

Whilst MTD for Income Tax is not due to come into force until 2024, many…

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Grants for Electric Vehicle Charging Points

Grants For Businesses to Install Electric Vehicle Charging Points Grants available to SMEs in the UK…

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Merger of Cirrusli Limited with Maynard Johns

We wanted to share the good news that with immediate effect Cirrusli Limited, our software…

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How to change accountants

Would you like to change accountants but are not sure how or what the process…

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How to choose an accountant

Knowing how to choose an accountant is essential as whoever you choose is going to…

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Business Asset Disposal Relief (BADR)

Are you thinking of selling all or part of your company or have you decided…

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What is a chartered accountant and the importance of using one

Have you had a bad experience with an accountant in the past? Did you then,…

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eCommerce accounting services for clients selling online

eCommerce accounting is so important if you sell online. At Maynard Johns, we successfully look…

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tax return relating to overclaimed SEISS grants

HMRC starts to assess overclaimed SEISS grants

Overclaimed SEISS grants are now being contacted by HMRC. Following an amendment to self-assessment tax…

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buying a holiday home

Financial advice when buying a holiday home in the UK

Are you thinking of buying a holiday home in the UK? One of the first…

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P11D expenses and benefits

Do you need to submit a P11D

If you have paid taxable expenses on behalf of or provided benefits to an employee…

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MTD software

The benefits of using MTD software

Many small businesses are still unsure of the benefits of using MTD software. We have…

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Are you unsure whether to use Making Tax Digital software

Making Tax Digital software vs spreadsheets

Are you unsure whether to use Making Tax Digital software or spreadsheets for your tax…

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Spring Statement 2022

Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on…

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Making Tax Digital for VAT registered businesses

Making Tax Digital for VAT registered businesses

Making Tax Digital for VAT registered businesses for businesses above the VAT threshold of £85,000…

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Payroll News for 2022/23

As the new tax year approaches, make sure you know what's changing and what's staying…

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National living wage 2022 to rise

The National Living Wage in 2022 is set to rise by 59p to £9.50. The…

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Start up business support and advice

Make a success of your new business! If you are looking for start-up business support…

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Start-up business advice – essential information for new business owners

Essential start-up business advice for new business owners When you are a start-up business, the…

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self assessment deadline letter

Self assessment deadline – what happens if you don’t pay on time

The self assessment deadline is just about upon us on 31st January and yet according…

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How to reclaim SSP for employees with Covid 19

A recurring question we are being asked by employers is how to reclaim SSP for…

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self assessment penalty deadline letter from HMRC

Extension to self assessment penalty deadline announced by HMRC

Earlier today HMRC has announced extensions to the self assessment penalty deadline which will be…

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Self serve time to pay arrangements for self assessment

Here is a reminder to set up a self serve time to pay arrangement with…

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Support for businesses affected by Omicron announced by the government

Additional support for businesses affected by Omicron was announced by Rishi Sunak on 21st December.…

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Input tax and farmhouses

Are you getting the input tax relief you are entitled to on your farmhouse costs?…

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Fake HMRC letters – How to spot them and what to do

Fake HMRC letters are getting more and more common. Did you know there were a…

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start up loan application after reconsidering bounce back loan repayment options

New business start-up loans – all you need to know

Start-up loans for new businesses Are you looking for a new business start-up loan? Yes?…

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Basic Payment Scheme – Are you ready for the progressive reduction?

How much will the Basic Payment Scheme (BPS) reduce? The Basic Payment Scheme received by…

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VAT on electric cars – can it be reclaimed by a business?

What you need to know about claiming VAT on an electric car for your business…

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Autumn 2021 Budget

The Autumn 2021 Budget - key points at a glance: Chancellor Rishi Sunak presented his…

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Additional Restrictions Grant

Additional Restrictions Grant update

Further to our news regarding the New Additional Restrictions Grant, Torridge District Council have received…

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The Let property campaign – what you need to know

The Let Property Campaign and all you need to know The Let Property Campaign applies…

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Delay to Making Tax Digital for Income Tax

Delay to Making Tax Digital announce by the Government As part of the rollout of…

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New guidance for SEISS Grant 5

New guidance for SEISS Grant 5 has been released by HMRC to bring further clarification…

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Simplified tax reporting for self-employed and small businesses

A simplified tax reporting system may be coming into play after HMRC announces proposed radical…

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How to include the SEISS grant on your tax return

Many business owners are now asking the question of how to include the SEISS grant…

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piggy bank with face mask depicting New guidance for SEISS Grant 5

New Turnover test for SEISS 5

HMRC have a new turnover test for SEISS 5. They have now published their full…

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Xero multi-factor authentication becomes mandatory

Xero multi-factor authentication to become mandatory between 14 June – 2 July 2021 When you…

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How to avoid online scams

We all need to know how to avoid online scams, particularly now they are on…

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VAT deferral scheme indicated on wooden blocks reading VAT

VAT Deferral Scheme Deadline Looming

The VAT deferral scheme deadline is looming. Find out what you need to do to avoid…

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Replayment plan on table for if you are thinking of paying back your Bounce Back Loan

Paying back your Bounce Back Loan – is it time to start?

Paying back your Bounce Back Loan - what you need to know Many businesses who…

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Changes to the furlough scheme from May 1st

Key changes to the furlough scheme Changes to the furlough scheme are coming into force…

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Does your business need to prepare P11D’s for your employees or directors?

What is a P11D and does your business need to prepare P11D's for your employees…

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Grant 4 SEISS (Self Employed Income Support Scheme)

Grant 4 SEISS details We now have the full details of Grant 4 SEISS that…

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Recovery Loan Scheme – how does it work and who’s eligible?

The Government's Recovery Loan Scheme (RSL) launched on Tuesday, 6th April and is aimed at…

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VAT deferral scheme indicated on wooden blocks reading VAT

Options for paying VAT deferred due to COVID – 19

If your business took advantage of the option to defer VAT due between 20 March…

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self assessment penalty deadline letter from HMRC

HMRC temporarily waives late payment penalty

Are you worried about a late payment penalty from HMRC?  If you are, then help…

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The Construction Industry Scheme (CIS) VAT reverse charge

The Construction Industry Scheme (CIS) VAT reverse charge applies to construction services from 1 March…

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Man holding piggy bank depicting Furlough Scheme Extension

New Additional Restrictions Grant for Lockdown 3.0 Released

New funding for businesses in lockdown - now available. New funding for other businesses affected…

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Local Authority Business Support for Lockdown 3.0

Funding for closed businesses in lockdown 3 New funding for businesses affected by this third…

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Struggling to pay your tax liability by 31 January?

If you deferred your payment on account due by 31 July, it is due for…

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Did you defer your July Self-Assessment payment?

In the Spring many people with tax liabilities took the option to defer their second…

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£1,000 Christmas Grant for ‘Wet-Led’ Pubs

The Prime Minister has announced support for pubs that predominantly serve alcohol, rather than food,…

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Third SEISS grant eligibility tightened

Third SEISS grant applications tightened The third SEISS  grant (Self-Employed Income Support Scheme) has seen…

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businessman counting coins depicting Grant Funding for Businesses Affected by Lockdown

Grant Funding for Businesses Affected by Lockdown

New grant funding for businesses affected by lockdown has been released 2.0 - apply NOW…

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Man holding piggy bank depicting Furlough Scheme Extension

Furlough scheme extension and further business support

Further help for businesses and a Furlough scheme extension to 31 March 2021 Furlough Scheme…

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Further Economic Support announced

Further Economic Support announced as of 31st October 2020 Job Retention Scheme Further economic support…

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Countryside Productivity Small Grant Scheme – closes 4 November

Countryside Productivity Small Grant Scheme Round three of the Countryside Productivity Small Grant scheme is…

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pound note in heart shape depicting good news for the SEISS grant

SEISS Grant Improved

SEISS grant improvements Not only has the Self-Employment Income Support Scheme (SEISS) been extended, but…

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Finanacial help for businesses

The Winter Economy Plan – New support for businesses announced today

Today the Chancellor outlined the plans to help businesses through the next 6 months and…

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FREE Webinars and courses for North Devon Businesses to improve digital skills

The Digital advantage programme The Digital Advantage Programme is a programme of targeted support and…

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Kick Start Grants to open in South West next week

The Kick Start Grants in the South West will open on 1st September at 12 noon…

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HMRC Clarification means up to an extra £4000 for many employers.

When the Job Retention Scheme (JRS) was launched there were many questions on exactly how…

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Dairy Response Fund 2020

The Dairy Response Fnd 2020 is now open and dairy farmers can claim for a…

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How to use Zoom

Video conferencing is a great way to keep in touch with customers, other businesses, friends…

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Digital advantage logo

Free Webinar – Maximising Business Opportunities in a Remote Environment

We are delighted to have been chosen to roll out this free webinar, in conjunction…

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HOLIDAY PAY CALCULATION CHANGES

HOLIDAY PAY CALCULATION CHANGES On 6 April 2020 an important change will be made to…

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AVOIDING THE 2020 AIA TRAP

At the end of 2020 the Annual Investment Allowance (AIA) reverts to £200,000. If your…

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Making Tax Digital for VAT

Making Tax Digital (MTD) for VAT 2020

MTD for VAT - Are You Ready For the Next Step? Making Tax Digital for…

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Company Income – Time for Year-End Tax Planning

Company Income  Time for Year-End Tax Planning As a director shareholder of your company you’re…

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New Grants for First Time Employers

New Grant Open for First Time Employers Would you like to grow your business and…

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Changes for Capital Gains Tax on Private Residences

Changes in Capital Gains Tax on Private Residences – Plan Ahead for April 2020 There…

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Making Tax Digital written on piece of paper

Registering for MTD for VAT – FAQ’s

Now that MTD for VAT is well underway, we have had a few queries from…

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REAL TIME INFORMATION FOR PAYE

If you are an employer, did you know you are required to inform the HMRC…

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TAX RATES 2019/20

    Here are the latest Tax Rates for 2019/20  Click here for the all…

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IMPORTANT INFORMATION FOR SELF ASSESSMENT 2017/18

HMRC’s New Self-Assessment Tool HMRC has launched an online tool which allows you to check…

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Making Tax Digital written on piece of paper

Making Tax Digital for Businesses over the VAT Threshold

My client runs a small VAT registered business, whose taxable turnover is just over the…

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IMPORTANT TAX INFORMATION

Important Tax Information for 31st October 2018 If you are employed and need to complete…

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