by AJN Accountants | Jun 19, 2025 | Tax Planning
From the 2024-25 tax year, self-employed individuals with profits in excess of £6,725 no longer need to pay Class 2 national insurance contributions (NIC). Instead those taxpayers will receive a national insurance credit to secure their access to contributory...
by AJN Accountants | May 14, 2025 | Tax Planning
From April 2026 most benefits in kind (BIKs) will have to be processed through the payroll and included on monthly payslips, with a potential knock-on effect for student loan repayments. The mandatory payrolling of BIKs will be implemented in phases, starting from...
by AJN Accountants | May 12, 2025 | Tax Planning
From August 2025 employed taxpayers will no longer be required to complete a self assessment tax return (SATR) to declare and pay the high-income child benefit charge (HICBC). The HICBC is a tax charge paid by the higher earning parent which claws back up to 100% of...
by AJN Accountants | May 9, 2025 | Accounting
Changes to the company size thresholds from April 2025 will also apply for the purposes of the off-payroll working (OPW) rules. The primary aim of the changes to the company size thresholds was to simplify regulatory requirements and alleviate the administrative...
by AJN Accountants | May 6, 2025 | News
HMRC has announced that it will close the online service for filing company accounts and corporation tax returns on 31 March 2026. Companies with an accounting period ending after 31 March 2025 will no longer be able to use HMRC’s free online service (unless...
