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May 2024

accountants in sunderland

Forthcoming Changes to Reporting of Benefits in Kind (BiKs)

30th May 2024

From 6th April 2026 employers must process Benefits in Kind (BiKs) though payroll rather than the annual submission of P11D/P11D(b) returns. The new approach is an effort to reduce administrative time for both employers and HMRC through the...

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Solicitors Accounts Regulations: What You Need to Know

Up to 28,000 small businesses set to receive financial boost following increase in VAT threshold

9th May 2024

As of 1st April the VAT registration threshold has been raised from £85,000 to £90,000. The VAT move is set to benefit up to 28,000 small businesses, who will no longer meet the threshold for VAT submissions. The...

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Chartered Accountants in Sunderland, offering expertise on everything from Tax and Business Planning,
to Accounts and VAT.