Cash basis to replace accruals
Cash basis to replace accruals for the self-employed as standard tax reporting method for 2024-25 (first year of tax year accounting).
AJN was set up in 2013 with a vision to provide a high-quality service tailored specifically to meet clients specific needs. To do this we pay attention to our clients and understand them and their goals in detail. This ethos coupled with the use of time saving technology and tax saving strategies, provides a winning formula for growing businesses and in turn happy clients.
Reasons to work with us are embedded in Our Core Values. These values form the culture AJN and define how we conduct ourselves with our colleagues and clients. They are a reminder to us when we’re faced with challenges and ensure we maintain the highest standards expected of ourselves.
Cash basis to replace accruals for the self-employed as standard tax reporting method for 2024-25 (first year of tax year accounting).
HMRC has updated its Employment Income Manual to bring the guidance on charging electric company cars at home in line with the legislation.
The Chancellor has announced cuts to national insurance contributions for self-employed taxpayers and employees.The headline news from the Autumn Statement was the reduction of primary Class 1 and Class 4 NIC and the removal of compulsory Class 2 NIC.
New fathers who are employees will benefit from greater flexibility when taking paternity leave from the start of the new tax year.