tax return help in greater Manchester

Remember to file your online tax return by the deadline

The deadline for filing paper tax returns will pass on 31st January 2022. If you think that you could miss the deadline, don’t worry; you may be given an extension up to 28th February 2022 to submit your tax return online, speak to us directly if you are worried that you won’t make the deadline…

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Male hand holding a check and using a calculator when filling out an individual. Tax calculation

Remember to file your online tax return by the deadline

The deadline for filing paper tax returns passed on 31 October 2021. If you missed it, don’t worry; you still have until 31 January 2022 to submit your tax return online. By this date, you must have submitted your return for the 2020/21 financial year and paid off any tax you still owe for the…

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new UK budget

How will the new UK budget effect property and investors?

On Wednesday Chancellor Rishi Sunak revealed a bumper £150 billion worth of spending in his new UK budget, as well as a variety of reforms and tax changes. He said he was presenting a “new age of optimism” with his “generous” Budget promising public spending increases of 3.8% a year in real terms. The Chancellor…

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Tax Rates and Thresholds for 2021/22

The current tax year runs from 6th April 2021 until 5th April 2022. In his 2021 Budget announcement, Chancellor Rishi Sunak set out the tax rates and thresholds for the year. These have large implications for small and medium-sized businesses, especially in light of the economic instability created by the coronavirus pandemic. It’s crucial that…

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Salford Property Accountants

Government Launches Mortgage Guarantee Scheme

At Budget 2021, Chancellor Rishi Sunak announced a mortgage guarantee scheme that aims to help first time buyers or current homeowners secure a mortgage with a 5% deposit. This measure is designed to ensure the property market remains buoyant and the property sector healthy after a tough year for many businesses. Beginning on 19th April…

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tax return help Manchester

Remember to file your online tax return by the deadline

The deadline for filing paper tax returns passed on 31 October 2020. If you missed it, don’t worry; you still have until 31 January 2021 to submit your tax return online. By this date, you must have submitted your return for the 2019/20 financial year and paid off any tax you still owe for the…

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Prepare for the end of the Brexit transition period

The UK has left the EU, and the Brexit transition period ends on 31 December 2020. This means UK businesses will need to make immediate preparations for the changes coming into effect on 1 January 2021. The main changes affecting businesses relate to imports, exports, tariffs, data and hiring. In this post, Manchester-based MCC Accountants…

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Landlords review options following Chancellor’s announcement on Capital Gains Tax

The Chancellor’s recent announcement of a major overhaul of capital gains tax, together with the controversial buy-to-let tax changes over the last three years, is driving landlords to consider significant changes to their property portfolios. Under the proposals, the maximum capital gains tax (CGT) rate of 28% could be raised closer to income tax rates,…

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side hustle tax rules

Tax rules for ‘side hustles’

During the first lockdown, many people set up a side business, often called a ‘side hustle’, to supplement their income after seeing their main income streams dry up. This was largely due to fears over job security and some people having more time to invest in other pursuits whilst furloughed. However, many are unaware that…

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SME Accountants Manchester

Update to our Update: Coronavirus Government Business Support

On 5th November 2020, Chancellor Rishi Sunak announced changes to the government support packages for businesses that were previously extended on 12th October 2020. This means that businesses will receive additional support from the government to help them through the pandemic during the coming winter months. Coronavirus Job Retention Scheme (CJRS) The Chancellor has announced…

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tax advice for businesses in salford

Update: Giving Christmas Gifts, the Tax Implications

It may be tempting as we approach the holiday period and with many Christmas parties probably cancelled or at least severely reduced, for you to plan to treat your customers and/or your team with some gifts. You need to be aware of the tax implications of doing so before going ahead. Gifts For Clients You…

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