Month: February 2024
Fawcetts Best Kept Secret!
Did you know, Fawcetts has a sister company? Fawcetts has a sister company that has been providing IT & Communications support, installations, networking, and consultancy for over 10 years. Fawcetts IT was created to support ourselves and some of our
Tax basis – Getting ready for the end of the transitional year
Are you a sole trader or a member of a partnership? Here is what you need to know about the upcoming tax basis period reforms. HM Revenue & Customs (HMRC) is introducing changes to how it assesses and collects business
Putting the brakes on excessive National Insurance payments through car allowances
Businesses may be able to reclaim significant amounts of National Insurance Contributions (NICs) and plan for future savings because of a recent Tribunal ruling on how car allowances are taxed. Brought by Wilmott Dixon and Laing O’Rourke in their capacity
Please leave a message – HMRC dispute resolution hotline restricted to answerphone
HM Revenue & Customs (HMRC) has made a significant change to the way that some taxpayers access its alternative dispute resolution (ADR) scheme. Where applicants for ADR could previously speak with a call handler, they will now be asked to
National Insurance credit scheme will be introduced to tackle child benefit gaps
The Government plans to introduce new legislation to help parents who earn more money than others with their future pensions. In essence, if you did not claim child benefit because you earned over £50,000 when you had children, you will
Employee benefits and mandatory payroll reporting
Starting in April 2026, UK employers will have to include the benefits they give to their employees, like company cars or health insurance, directly in their payroll. This means these benefits will be taxed through the payroll system, and not
UK company law is changing – Get ready now!
There is a series of impending changes to UK company law as a result of the enactment of the Economic Crime and Corporate Transparency Act last year. These highly anticipated changes, expected to commence on 4 March 2024, subject to