Financial Update

Pearson May financial round up

January 11, 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. More than 1m over 50s now self-employed Major shift in self-employed workforce since pandemic. Click here for more information HMRC issues cryptoassets tax reminder Non-compliance may result in penalties. Find out more here  

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Pearson May financial round up: HMRC launches clampdown on online selling

January 9, 2024
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Pearson May financial round up: HMRC launches clampdown on online selling

New rules are being brought in by HM Revenue & Customs (HMRC) requiring online sales platforms to make an annual report to them with the details of individual sellers, writes Pearson May partner Matthew Rutter. This is so that HMRC can check whether the individuals have paid tax correctly on such sales, where applicable,...

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Pearson May financial round up

January 4, 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. 5.7m taxpayers yet to file self-assessment tax returns HMRC urges customers to file as soon as possible. Click here for more information Chancellor announces date for Spring Budget Fiscal report set to be presented on 6 March. Find...

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Pearson May financial round up: ‘Tis the season for tax tips on your Christmas parties and festive gifts!

December 14, 2023
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Pearson May financial round up: ‘Tis the season for tax tips on your Christmas parties and festive gifts!

As 2023 draws to a close, many employers are looking for ways to reward their teams’ hard work. But how can you do that in a tax-efficient way that benefits both you and your employees?  Thankfully, showing your appreciation doesn’t need to cost the earth, writes Pearson May partner Matthew Rutter. In most cases,...

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Pearson May financial round up

December 7, 2023
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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. Cryptoassest tax disclosure service launched Taxpayers must report capital gains from cryptoassets. Click here or more information One in four people borrow money over Christmas. Brits set to borrow £14m this festive season. Find out more here  

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Pearson May financial round up

November 30, 2023
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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 removes self-assessment for PAYE high earners Those with PAYE income over £150,000 exempt from 2024/25. Click here or more information Manufacturing output declines CBI survey identifies a widespread downturn. Find out more here

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Pearson May financial round up

November 23, 2023
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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. Tax advisers call for Making Tax Digital rethink Current approach could conflict with tax simplification aims. Click here or more information. Many pension holders unaware of what happens to funds after death Less than half know their pension goes...

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Pearson May financial update

November 16, 2023
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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 encourages couples to explore marriage allowance Online calculator instantly reveals annual income tax bill reduction. Click here or more information. Lack of awareness hinders sustainable investment UK public uncomfortable with investments negatively affecting climate. Find out more here

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Pearson May Financial Update: Tips for retirement planning

November 9, 2023
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Pearson May Financial Update: Tips for retirement planning

For many savers, retirement can seem like a far-off or even unattainable goal. But to maximise your chances of retiring comfortably, early planning is essential, writes Pearson May partner Matthew Rutter. As the cost-of-living crisis puts pressure on day-to-day finances, it’s a difficult time to think about saving for the future. But these challenges...

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Pearson May financial round up

November 2, 2023
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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. Report suggests ways to improve pension engagement Only 20% of the population confident in retirement savings. Click here for more information. British Retail Consortium calls on Chancellor to ease inflation Shop price inflation at lowest level since August 2022....

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