Accountancy News and Advice From MCC Accountants

Budget 2020: Tax Roundup

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On 11th March, the UK received its first Budget in seventeen months from the new Chancellor of the Exchequer, Rishi Sunak. In this blog post, Manchester chartered accountant, MCC, gives you a broad overview of the major tax changes due…

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IR35 Tax Reforms To Go Ahead

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From April 2020 the rules for engaging individuals through personal service companies (PSCs) are changing. These individuals are described as “off payroll” and the responsibility for determining whether the off-payroll working rules apply will move to the organisation receiving an…

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Did You Miss the Self Assessment Tax Deadline?

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Almost one million people missed the 31st January self assessment tax deadline this year. If you’re one of them, you will have been fined £100 automatically. Unless you act immediately, that fine will increase over the next few months. Fines…

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National Minimum Wage Guidance

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If you are starting a new business, or planning to expand an existing company, you need to be aware of the legislation surrounding the national minimum wage. Employing staff is always a complex process, but more issues will arise than…

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Inheritance Tax Explained

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Inheritance tax is arguably one of the most disliked taxes in the UK. Though it raises far less income for the Government than VAT or income tax, it causes much ire because it is seen as another tax on earnings…

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It’s the most wonderful time of the year!

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31st January is your personal tax filing deadline With the 31st January deadline just a few weeks away, it is essential that you get in touch with your tax advisor or tax accountant to make sure you have your online…

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What is Corporation Tax?

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If you operate a limited company, a foreign company with a UK branch, or an unincorporated association, you are liable to pay Corporation Tax. This is the tax your company pays on its operating profits and any money it makes…

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