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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.

30 Hours Free Childcare Written On Blue Background With Toys Surrounding

30 Hours Free Childcare Scheme 2024

Understanding the UK's 30 Hours Free Childcare Scheme 2024 For parents in the UK, juggling…

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Letter From HMRC Regarding Disclosure On Disposal Of Shares

Capital Gains Tax on sale of shares

Have you sold or disposed of any shares in the past few years and made…

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Payroll News Written On A Mouse Mat

Payroll News 2024/5

Payroll News With the new tax year approaching fast, our Payroll news for 2024 below…

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Furnished Holiday Lets Tax Regime Abolished Signified By Model House With Woooden Block Saying Tax

Furnished holiday lets tax regime abolished

In the 2024 budget, the Government has announced the furnished holiday lets tax regime will…

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Chancellor Holding Up Red Briefcase

Spring Budget 2024

Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024.…

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Computer Screen Showing Stocks Crashing In Value Leading To Negligible Value Claims

Negligible value claims for shares

What are negligible value claims for shares and why do they matter to you? Have…

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Double Cab Pick Up Classification Changes and U Turns

Just recently HMRC has been embroiled in a dramatic U-turn over Double Cab Pick Up…

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Woman With Head In Hands At Computer Trying To Sort Accounting Errors

Top five accounting errors

Accounting errors and how to avoid them Accounting errors are all too frequent which can…

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Self-assessment Tax Deadline Written On Alarm Clock

Self-Assessment Tax Due Date 2024

Have you paid your tax liability for the year ended 5 April 2023? This a…

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Green Sign With Import And Export Relaing To VAT On Imports

Accounting for VAT on Imports – C79 and PVA

Businesses in the UK must pay import VAT on goods worth more than £135, since…

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Autumn Statement 2023

The Autumn Statement 2023

On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving…

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We're Hiring

New Vacancy for a PA to Join our Firm

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

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Hubdoc And Xero Logos

Hubdoc vs Xero files

The difference between Hubdoc and Xero files for managing your bookkeeping and accounting records. How…

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Act Now Words On Blackboard With Clock As Paper Forms To Register For VAT Are Removed

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…

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Building Blocks With Pictures On The Front Relating To Startup Business Support In North Devon

Startup Business Support in North Devon

North Devon Business support Are you in North Devon and thinking of starting a business?…

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HMRC Self Assessment Form Marked As Urgent For Fee Protection Insurance

Fee Protection Insurance

Do you have fee protection insurance in place? If not, read on so you are…

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Xero Accounting Software Logo

Xero Accounting Software Tips

Getting the most out of Xero accounting software You have your Xero accounting software set…

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VAT On Keyboard Signifying Self-serve Time To Pay For VAT Customers

Self-serve Time to Pay for VAT customers

In addition to self- serve time to pay arrangements for self-assessment, HMRC has now launched…

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Man Using Property Management Software At His Desk

Property Management Software

Property Management Software Options We regularly review new software integrations with the view to help…

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Xero Report Update July 2023

Xero report update 2023

Xero reports It’s nearly time to retire your old-style reports.  If you are using old…

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We're Hiring

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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Simple Assessment Form On Laptop

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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Basis Period Reform Depicted By Tax Reform Written On Torn Piece Of Paper

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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Man Working Out How To Value A Business With His Hand On A Calculator

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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Autumn Statement 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 Written On A Mouse Mat

Payroll News 2023/24

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

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Time Is Running Out On A Blue Background With A Clock Indicating The National Insurance Contributions Deadline Has Been Extended

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 Card

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 Deadline Indicated By The Word Deadline In Red On A Stopwatch

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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A Good Accountant Showing A Client A Business Report

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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Woman Holiding The Letters PAYE To Signify How To Automatically Pay Your PAYE

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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Uniforms On Hangers Eligible For The Uniform Tax Rebate

Uniform Tax Rebate

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

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Energy Saving Tips For Businesses Signified By A Mans Hand Holding A Lightbulb With The Words 'save Energy' On A Board

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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Delay; Five Wooden Blocks With "DELAY" Text Of Concept And A Simple Clock.

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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VAT Late Payment Form With Overdue Stamped In Red Across The Front

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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HMRC Scam Alert With The Word Scam Written In Red Across Hmrc Logo

How to avoid HMRC scams

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

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Furnished Holiday Lets Tax Regime Abolished 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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Rising Inflation Indicated By The Word Inflation Cut Out Of Wood With An Arrow Facing Upwards

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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Budget Image

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 Paper Forms To Register For VAT Are Removed

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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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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Electric Vehicle Charging Points Station

Electric Vehicle Charging Points Grants Now

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

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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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Two People Shaking Hands During A Change Accountants Transfer

How to change accountants

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

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Couple At A Laptop Deciding How To Choose An Accountant

How to choose an accountant

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

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Magnifying Glass Hovering Over The Words Business Asset Disposal Relief

Business Asset Disposal Relief (BADR)

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

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Items On Desk Being Used By Chartered Accountant

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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Man Looking At Online Shop On Ipad Contemplating ECommerce Accounting

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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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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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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National Living Wage 2022 On Banner

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 In White Text On Black Background

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 Written In Coloured Ink

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 to…

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Man At Computer Researching How To Reclaim SSP For Employees With Covid

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 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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Piggy Bank Depicting Support For Businesses Affected By Omicron

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 On Farmhouse

Input tax and farmhouses

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

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Example Of Fake HMRC Letter

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

Startup loans UK – all you need to know

Startup loans for new businesses Are you looking for a new business startup loan? Yes?…

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Money Bag Held In Hand Representing The Basic Payment Scheme

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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Business Owner Charging Vehicle Whilst Wondering If He Can Claim VAT On Electric Cars

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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A Rental Agreement With Pen Which Will Be Subject To The Let Property Campaign

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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Piggy Bank With Face Mask Depicting New Guidance For SEISS Grant 5

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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A Calculator, Piggy Bank And Clock On A Desk Indicating Simplified Tax Reporting

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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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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Scam Alert Text Boxes Indicating Online Scams

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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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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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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Self Assessment Penalty Deadline Letter From HMRC

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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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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Small People Stood On Coins

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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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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Paye-logo

REAL TIME INFORMATION FOR PAYE

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

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Telephone 01237 472071

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