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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The Autumn Statement 2023
On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving…
New Vacancy for a PA to Join our Firm
Due to continued expansion, we have an exciting role to join our firm as a…
Hubdoc vs Xero files
The difference between Hubdoc and Xero files for managing your bookkeeping and accounting records. How…
Register for VAT paper form to be removed by HMRC
Are you one of the 5% of new or existing businesses planning to register for…
Startup Business Support in North Devon
North Devon Business support Are you in North Devon and thinking of starting a business?…
Fee Protection Insurance
Do you have fee protection insurance in place? If not, read on so you are…
Xero Accounting Software Tips
Getting the most out of Xero accounting software You have your Xero accounting software set…
Self-serve Time to Pay for VAT customers
In addition to self- serve time to pay arrangements for self-assessment, HMRC has now launched…
Property Management Software
Property Management Software Options We regularly review new software integrations with the view to help…
Xero report update 2023
Xero reports It’s nearly time to retire your old-style reports. If you are using old…
New Vacancy for a Trainee to Join our Firm
Due to continued expansion, we have an exciting role to join our firm as a…
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…
New Vacancy for a Trainee Manager/Accounts Senior
Due to continued expansion, we have an exciting role assisting our accountants in managing their…
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…
Why should you value a business
Are you aware of how to value a business and do you know what your…
Spring Budget 2023
Chancellor Jeremy Hunt delivered a ‘Budget for Growth’ after the Office for Budget Responsibility forecast…
Payroll News 2023/24
Payroll News With the new tax year approaching fast, our Payroll news for 2023 below…
National Insurance Contributions deadline extended
The national insurance contributions deadline extended by HMRC Further to our previous post on voluntary…
National Insurance Contributions
What are National Insurance contributions? National insurance contributions are effectively a tax on the money…
Voluntary National Insurance Contributions – important news!
Do you need to make voluntary National Insurance contributions? Check your national insurance record before…
What does an accountant do?
Let’s rephrase that. It’s not a question of what does an accountant do, but what…
Automatically pay your PAYE or CIS
Did you know you can now automatically pay your PAYE or CIS using the new…
Uniform Tax Rebate
Uniform Tax Rebate Are you one of the many employees missing out on the Uniform…
Winter Energy saving tips for businesses
With rising inflation and soaring energy costs, many businesses are feeling the pinch. Increased energy…
Making Tax Digital For Self Assessment Delayed
An early Christmas present was delivered today to small businesses and landlords as the First…
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…
How to avoid HMRC scams
Further to our article on How to Spot Fake HMRC letters, whilst the number of…
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…
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…
Capital Gains Tax on Sale of Property
All you need to know about Capital Gains Tax on the sale of property in…
How your business can cope with rising inflation
How to protect your business from rising inflation Is your business struggling to cope with…
Reversal on Emergency Budget 2022
Chancellor brings forward further medium-term fiscal plan measures As the saying goes, a week is…
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…
Making Tax Digital deadline for VAT
The deadline for Making Tax Digital for VAT is less than a month away. Find…
MTD for Income Tax – your questions answered
Whilst MTD for Income Tax is not due to come into force until 2024, many…
Grants for Electric Vehicle Charging Points
Grants For Businesses to Install Electric Vehicle Charging Points Grants available to SMEs in the UK…
Merger of Cirrusli Limited with Maynard Johns
We wanted to share the good news that with immediate effect Cirrusli Limited, our software…
How to change accountants
Would you like to change accountants but are not sure how or what the process…
How to choose an accountant
Knowing how to choose an accountant is essential as whoever you choose is going to…
Business Asset Disposal Relief (BADR)
Are you thinking of selling all or part of your company or have you decided…
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,…
eCommerce accounting services for clients selling online
eCommerce accounting is so important if you sell online. At Maynard Johns, we successfully look…
HMRC starts to assess overclaimed SEISS grants
Overclaimed SEISS grants are now being contacted by HMRC. Following an amendment to self-assessment tax…
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…
Do you need to submit a P11D
If you have paid taxable expenses on behalf of or provided benefits to an employee…
The benefits of using MTD software
Many small businesses are still unsure of the benefits of using MTD software. We have…
Making Tax Digital software vs spreadsheets
Are you unsure whether to use Making Tax Digital software or spreadsheets for your tax…
Spring Statement 2022
Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on…
Making Tax Digital for VAT registered businesses
Making Tax Digital for VAT registered businesses for businesses above the VAT threshold of £85,000…
National living wage 2022 to rise
The National Living Wage in 2022 is set to rise by 59p to £9.50. The…
Start up business support and advice
Make a success of your new business! If you are looking for start-up business support…
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…
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…
How to reclaim SSP for employees with Covid 19
A recurring question we are being asked by employers is how to reclaim SSP for…
Self serve time to pay arrangements for self assessment
Here is a reminder to set up a self serve time to pay arrangement with…
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.…
Input tax and farmhouses
Are you getting the input tax relief you are entitled to on your farmhouse costs?…
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…
Startup loans UK – all you need to know
Startup loans for new businesses Are you looking for a new business startup loan? Yes?…
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…
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…
The Let property campaign – what you need to know
The Let Property Campaign and all you need to know The Let Property Campaign applies…
New guidance for SEISS Grant 5
New guidance for SEISS Grant 5 has been released by HMRC to bring further clarification…
Simplified tax reporting for self-employed and small businesses
A simplified tax reporting system may be coming into play after HMRC announces proposed radical…
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…
New Turnover test for SEISS 5
HMRC have a new turnover test for SEISS 5. They have now published their full…
Xero multi-factor authentication becomes mandatory
Xero multi-factor authentication to become mandatory between 14 June – 2 July 2021 When you…
How to avoid online scams
We all need to know how to avoid online scams, particularly now they are on…
VAT Deferral Scheme Deadline Looming
The VAT deferral scheme deadline is looming. Find out what you need to do to avoid…
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…
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…
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…
Options for paying VAT deferred due to COVID – 19
If your business took advantage of the option to defer VAT due between 20 March…
HMRC temporarily waives late payment penalty
Are you worried about a late payment penalty from HMRC? If you are, then help…
The Construction Industry Scheme (CIS) VAT reverse charge
The Construction Industry Scheme (CIS) VAT reverse charge applies to construction services from 1 March…
New Additional Restrictions Grant for Lockdown 3.0 Released
New funding for businesses in lockdown - now available. New funding for other businesses affected…
Local Authority Business Support for Lockdown 3.0
Funding for closed businesses in lockdown 3 New funding for businesses affected by this third…
Struggling to pay your tax liability by 31 January?
If you deferred your payment on account due by 31 July, it is due for…
Third SEISS grant eligibility tightened
Third SEISS grant applications tightened The third SEISS grant (Self-Employed Income Support Scheme) has seen…
SEISS Grant Improved
SEISS grant improvements Not only has the Self-Employment Income Support Scheme (SEISS) been extended, but…
Self-Employment Income Support Scheme (SEISS) being extended
The latest Self-Employment Income Support Scheme (SEISS) news The Self-Employment Income Support Scheme (SEISS) is…
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…
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…
New Grant Scheme for businesses in the South West
New Grant scheme of up to £3000 available later this month to businesses in the…
Registering for MTD for VAT – FAQ’s
Now that MTD for VAT is well underway, we have had a few queries from…
REAL TIME INFORMATION FOR PAYE
If you are an employer, did you know you are required to inform the HMRC…
New Inheritance Tax Relief
The New Inheritance Tax Relief - Don't Miss Out! The Inheritance Tax Residence Nil Rate…
Spring Statement 2018
The Chancellor Philip Hammond presented his first Spring Statement on Tuesday 13 March 2018. In…
New Tax-Free Childcare Scheme
At the end of April 2017, the new Tax-Free Childcare scheme was launched by the…
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