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Top Smailes Goldie News

The Liberals Are Not Just Going Through a Phase – This Is a Full-Blown Identity Crisis
Politics

The Liberals Are Not Just Going Through a Phase – This Is a Full-Blown Identity Crisis

67% Left coverage: 3 sources
The party is not in good health. Sussan Ley’s main challenge is to ensure the party understands just how much trouble it is in.See the Story
Mandatory Payrolling of Benefits in Kind Delayed by HMRC - Rotherham Taylor Chartered Accountants
Taxes · United Kingdom

Mandatory Payrolling of Benefits in Kind Delayed by HMRC - Rotherham Taylor Chartered Accountants

100% Center coverage: 1 sources
The delay to payrolling Benefits in Kind (BIK) to 2027 may seem like a cause of relief for many businesses who are concerned about the extra responsibility the changes will bring, but employers should still prepare for this landmark change. Rather than filing an annual P11D form, the changes to payrolling BIK will force businesses to complete additional admin every month. Though the 2027 deadline may seem far off, it is worth preparing now, as t…See the Story
Class 2 NICs – The hidden issue affecting self-employed taxpayers
United Kingdom · United Kingdom

Class 2 NICs – The hidden issue affecting self-employed taxpayers

Recent changes to Class 2 National Insurance contributions (NICs) were meant to simplify things for self-employed taxpayers. Instead, some are facing confusion, incorrect charges, and silence from HM Revenue & Customs (HMRC). The rule change that caused the problem From the 2024/25 tax year, most self-employed individuals no longer needed to pay Class 2 NICs, provided their profits were above £6,725. Instead, HMRC now automatically credits these…See the Story

Kittel VAT: How to Control the Uncontrollable - Rotherham Taylor Chartered Accountants

Receiving a Kittel VAT notice is something that many businesses dread. HM Revenue and Customs (HMRC) can demand the repayment of tax already reclaimed, and this can sometimes amount to a significant amount of money. The notice comes when a trader “knew or should have known” their transaction was linked to fraudulent evasion of VAT. This makes it ineligible for a deduction of input tax. Kittel VAT can seem like an ever-present threat hanging over…United Kingdom · United KingdomSee the Story

Increased Borrowing Could Mean Increased Taxes, Experts Warn - Rotherham Taylor Chartered Accountants

Public borrowing hit £20.5 billion in April, the highest level for that month since 1993 and nearly £3 billion above forecast. Economists warn the Chancellor may have little choice but to plug the gap with tax rises, spending cuts or changes to fiscal rules if elevated levels of borrowing persist. While nothing is confirmed, several areas are drawing speculation. Income Tax Extending the Income Tax threshold freeze beyond 2028 could push million…Taxes · EnglandSee the Story

How to Prepare for an Unexpected Economic Recovery - Rotherham Taylor Chartered Accountants

The International Monetary Fund (IMF) has upgraded the UK’s 2025 GDP growth forecast to 1.2 per cent, citing a strong first-quarter performance and signs of a recovering economy. The official figures indicate that increases in customer spending and business investment have contributed to this economic growth. These early signs of recovery present an opportunity to reassess your strategy and position your business for growth. Economic recovery st…IMF · United KingdomSee the Story

Too Many Sole Traders Are Still Missing Out on Their State Pension - Rotherham Taylor Chartered Accountants

How much State Pension you get depends on your National Insurance (NI) record when you reach the State Pension age. Gaps in your NI record could affect how much you receive. Unfortunately, too many sole traders are still missing out on the full State Pension due to a range of factors. Why are National Insurance Contributions important? A full State Pension requires 35 years of NI contributions or credits. Missing even a few years can have a sign…United Kingdom · United KingdomSee the Story

Fake HMRC Letters Are a Blight on Business

Scammers and fraudsters are looking for new ways to get money and data out of unsuspecting businesses. The latest wave of compliance changes made to Companies House and HM Revenue and Customs have resulted in businesses being confused about what is expected of them. Sensing an opportunity, the scammers have sought to take advantage of the situation and trick people out of sensitive data. We are going to break down a recent scam and show you how …United Kingdom · United KingdomSee the Story

Smailes Goldie Walks the Extra Mile for Yorkshire Cancer Research - Business Link Magazine

Smailes Goldie, a chartered accountancy firm, is supporting Yorkshire Cancer Research by taking part in the We Walk for Yorkshire challenge this May. Throughout the month, team members across all five of the business’s Yorkshire offices will be collectively walking 1,000 miles with the goal of raising at least £1,000 to fund lifesaving cancer research.United Kingdom · United KingdomSee the Story

Accountants swap calculators for paintbrushes to support Scarborough school

100% Center coverage: 1 sources
The team from Yorkshire-based accountancy firm Smailes Goldie recently swapped their calculators for gardening gloves and paintbrushes to transform Braeburn Primary School in Eastfield, Scarborough.Volunteering · ScarboroughSee the Story

How to maximise tax relief on losses to offset higher employment costs - Smailes Goldie

The recent rise in employers’ National Insurance Contributions (NICs) to 15 per cent will lead to a 60 per cent increase in NIC costs for a business employing minimum wage staff, according to the Centre for Policy Studies. With no new business reliefs announced in the Spring Statement and prices continuing to rise, many businesses could face growing losses. In a period of economic uncertainty, it is essential to make the most of the tax reliefs …England · EnglandRead Article

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