Financial Update

Pearson May financial round up

May 2, 2024
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. HMRC releases online tool to check NI shortfalls New service can verify gaps in NICs back to 2006. Click here to find out more Economy ‘at risk from nature degradation’ Environmental damage could cause 12% loss to UK’s GDP,...

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Pearson May financial round up

April 25, 2024
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Millions must boost pensions to avert retirement crisis Number of pensioners renting could double by 2041. Click here to find out more   Government borrowing higher than forecast   Borrowing for the year £6.6 billion higher than expected.  ...

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Pearson May financial round up

April 18, 2024
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Interest rate for director’s loans frozen at 2.25% The rate is held for the second year running. Click here to find out more 650,000 HMRC calls abandoned in February Waiting times are still above the annual average. For more...

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Pearson May Financial Update: Have you declared gains made on cryptoassets?

April 11, 2024
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Pearson May Financial Update: Have you declared gains made on cryptoassets?

HM Revenue & Customs (HMRC) is continuing to send so-called ‘nudge letters’ to those individuals whom it believes are invested, or have been invested, in any cryptoassets, writes Pearson May partner Jacqui Bowden. If you think this may apply to you then it is important that you tell HMRC before it gets to you...

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Pearson May financial update

April 11, 2024
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Pearson May financial update

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. What are the April tax changes? NICs, CGT, pensions and family benefits affected. Click here to find out more HMRC releases profit calculator for tax year The calculator excludes partnerships.   For more details, click here  

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Pearson May financial update

April 4, 2024
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Pearson May financial update

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. HMRC introduces digital authentication system Digital doorway introduced for new individual taxpayers. Click here to find out more   Stealth tax freeze threatens income of pensioners 1.6m additional retirees dragged into Income Tax levy. For more details, click here  

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Pearson May financial round up

March 21, 2024
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. HMRC reverses helpline changes Criticism prompts a U-turn in under 24 hours.   Click here to find out more Record 6.7m people in financial difficulty Requests for debt help are increasing. For more details, click here  

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Pearson May financial round up

March 14, 2024
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Fraud under spotlight at Companies House Phased roll out of new powers to tackle problem. Click here to find out more Stealth tax and savings shake up salary bands ‘Fiscal drag’ raises tax burden for many. For more details, click here...

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Pearson May Financial Update: Spring Budget 2024 – the key announcements

March 11, 2024
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Pearson May Financial Update: Spring Budget 2024 – the key announcements

Chancellor Jeremy Hunt delivered his ‘Budget for long-term growth’ last week, in which he promised ‘more investment, more jobs, better public services and lower taxes’. Here Pearson May partner Jacqui Bowden sets out some of the major announcements. National Insurance rates cut again Following the Autumn Statement last year, the main rate of Class...

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Pearson May financial round up – Spring Budget 2024 special

March 7, 2024
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Pearson May financial round up – Spring Budget 2024 special

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Spring Budget 2024: Personal news NICs slashed and non-dom tax regime abolished. Click here to find out more Spring Budget 2024: Expectations National Insurance set to be cut by a further 2% For more details, click here Spring Budget 2024:...

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