GSI Accounts Ltd

We are all aware how important planning for the future is and so we wanted to prompt you on the importance of National Insurance contributions when it comes to your entitlement to your State Pension.

As Accountants we thought it is important to share with you the 'highlights' of yesterday's Spring Budget

As we are getting close to the end of the tax year and the year end for many businesses we wanted to share this with you.

Hi Everyone

Just a quick reminder to those of you with a Tax Liability for 2021/22 plus those with POAs to pay, the deadline for payment is tomorrow.
If you miss this deadline, please remember that you will incur interest charges from HMRC, which accrue daily.

Please contact us if you would like a copy of our guidance for the various ways to pay these liabilities.

If you are wanting/needing a Time to Pay (TTP) arrangement, please organise this ASAP.
You can set up a TTP if you:
• have filed your latest tax return
• owe less than £30,000
• are within 60 days of the payment deadline
• plan to pay your debt off within the next 12 months
• do not have any other payment plans or debts with HMRC
The 2 methods to set up a TTP: -
• follow this link to set this up online….
https://www.tax.service.gov.uk/pay-what-you-owe-in-instalments
• call HMRC on 0300 200 3822

Please do contact us if you need any further guidance.
Good luck!

Set up a Self Assessment payment plan - Set up a Self Assessment payment plan - GOV.UK English Cymraeg Set up a Self Assessment payment plan Your plan covers your balancing payment, your first and second payment on account, and any other penalties or charges against your account. You’ll have to pay interest on the amount you pay late. A payment plan allows you to pay your tax charge...

Now the dust has settled from the fallout of the government’s mini budget here is a recap of what has been announced…

HMRC are writing to taxpayers they feel may not have been entitled to SEISS grants or may have over claimed on them. If your circumstances changed during the pandemic and you feel this is something that you may be affected by, please get in touch if you require assistance.

Self-employed workers ordered to pay back Covid grants NOW or face large fines | Now Headline SELF-employed workers have been told to pay back Covid grants within 30 days or face hefty fines. The Treasury believes some of those who received thousands of pounds in a pandemic support scheme were not entitled to it. The demands follow a review of the Self-Employed Income Support Scheme (Seiss),...

Had a great day at last week. It was so nice to finally meet so many people face to face and gather some insightful information. Lots to think about and potential help for our clients!

Highlights of the Spring Statement 2022 announced by the Chancellor

GSI Accounts Ltd updated their information in their About section.