Tax changes announced for double-cab pick-ups
The Government have announced tax changes for double-cab pick-up trucks with a payload of 1.0t or more. They have confirmed that these vehicles will be treated as cars from 1st April 2025 for Corporation Tax and 6th April 2025 for Income Tax. This will apply for the purposes of capital allowances, benefits in kind and […]Read More »
Autumn 2024 Budget Summary
Autumn Budget 2024 Capital gains tax Inheritance tax Income tax Other changes for individuals Businesses Other points Disclaimer: This newsletter covers the key points from Budget 2024. It is not exhaustive and should not be read as a full fiscal summary. The content displayed is correct as of 30 October 2024. We cannot take responsibility […]Read More »
Spring Budget 2023 Update
On 15th March 2023 the Chancellor or the Exchequer delivered his spring budget. Here is a summary of the most important announcements. Corporation tax The corporation tax rate will increase from 19% to 25%, as planned, with effect from 1st April 2023. Businesses with profits below £50k will continue to pay tax at 19%, this […]Read More »
HMRC VAT Penalty Regime changes
For accounting periods starting on or after 1st January 2023, HMRC has introduced a new penalty regime for late VAT submissions and payments. The new measures include separate penalties for late submission of VAT returns and late payment of VAT. There are also changes in the calculation of interest for late payments to HMRC. What […]Read More »
Spring 2021 Budget Update
Coronavirus support Furlough scheme The government has extended the CJRS to the end of September 2021. Employees within the scheme will continue to receive 80% of their salaries for the hours not worked. For March, April, May and June the employer will continue to be able to claim the full 80% from the government, this […]Read More »
Domestic reverse charge for building and construction services
What is it? The domestic reverse charge is a change in the way CIS registered construction businesses handle and pay VAT. It has been introduced as an anti-fraud measure, designed to cut down on “missing trader” fraud, where companies received high net amounts of VAT from their customers but have no intention of paying the […]Read More »
Covid-19 update for the self-employed
The Chancellor has this evening announced a scheme to aid the self-employed at this difficult time. The main points to make you aware of are as follows: • The government will be making available a taxable grant to self-employed workers. • The grant will be for up to 80% of your average net monthly earnings […]Read More »Coronavirus COVID-19 Government Announcements
Here are some of the main announcements that the government have made and how they may affect you and your business. We are open and operating business as usual. Please Contact Us if you have any questions and we’ll be happy to assist. Coronavirus Job Retention Scheme The government has announced that it will pay […]Read More »
Child benefit tax returns
If you receive child benefit and you or your partner earn over £50k a year you need to prepare a self-assessment tax return. Don’t find yourself in a situation like this single parent who ended up owing £12,000. If you aren’t sure whether this impacts you, or you know it does impact you and you […]Read More »
Highlights from the 2020 budget
The 2020 budget was announced today on the 11th March. Below is a summary of some of the major points that could potentially impact our clients at Indigo Accounts: All those advised to self-isolate due to Coronavirus, regardless of if they have symptoms will be entitled to SSP (statutory sick pay). Self-employed workers affected by […]Read More »
New Website Launch!
Welcome to the new Indigo Accounts website! The new site will give you more information, including up to date news about Indigo and the accounting industry that might impact you; allowing you to access the optimised site whether on your PC, laptop, tablet or mobile. We’re still the same Indigo though, here for all your […]Read More »
Cause for Celebration!
We’ve made it to the end of another January with all our tax returns submitted. Thanks to all our lovely clients that brought their information in early in the year, helping to make it a much less stressful month for us.Read More »
Receipt Bank partner marketing pack
Just received our marketing pack fron @ReceiptBank. #RBPartnerRead More »
Receipt Bank – Free to all of our clients
Indigo Accounts is pleased to be able to offer Receipt Bank FREE to all our clients, giving you more time to focus on the day to day running of your business, and reduce paperwork!! Read More »
Xero Payroll Certified
Indigo Accounts are a Xero Payroll certified partner. Read More »
Indigo is a Xero bronze partner
We have now reached Xero bronze partner status! Contact us if you are interested in using Xero, or use Xero and need an accountant who understands the software.Read More »
HMRC postpone reverse charge VAT
HMRC announce postponement of reverse charge VAT within the construction industry to 1st October 2020 https://www.gov.uk/government/publications/revenue-and-customs-brief-10-2019-domestic-reverse-charge-vat-for-construction-services-delay-in-implementation/revenue-and-customs-brief-10-2019-domestic-reverse-charge-vat-for-construction-services-delay-in-implementationRead More »
Cetified Xero Partner
We are now a certified Xero partner. If you use Xero already and are looking for an accountant or are interested in using Xero, don’t hesitate to contact us. Read More »
Happy New Tax Year
Happy new tax year! All of our clients will shortly be receiving letters with a checklist of information required to prepare their returns. If you’re not already a client and would like us to compete your tax return for you, please get in touch.Read More »
Indigo are a certified Quickbooks ProAdvisor
Exciting news!! Indigo Accounts is now a certified Quickbooks ProAdvisor!Read More »
