Webb Teasdale Accountacy Ltd

IMPORTANT NOTICE FROM HMRC

🚨 SCAM ALERT! 🚨

We’ve identified a new scam on X involving some accounts impersonating HMRC or our customer service advisers.

❌ We'll never ask for personal or bank information via social media.

✅Our only accounts on X are


, and

The Prime Minister has announced the date of the next General Election but will SMEs feature in party policies?

Responding to the Prime Minister’s announcement of a General Election, the founder of Start Up Donut, one of the UK’s leading small business advice websites, Rory MccGwire, said:

"16 million voters work in small businesses in the UK.

"Yet small businesses and the self-employed feel completely taken for granted at election time. All the political parties talk about SMEs being ‘the engine of the economy’, but then focus their attention on keeping big business, the unions, and the taxpayer happy.

Read the article here:https://www.moneydonut.co.uk/news/16-million-small-business-voters-are-waiting-to-be-noticed

Source: Money Donut

From 6 April, Class 1 National Insurance contributions reduced from 10% to 8%.

Did you use the online tool to estimate how it will affect you ⬇️
https://www.tax.service.gov.uk/estimate-apr-24-nic-changes -apr24

ale

Estimate how the April 2024 National Insurance contributions changes will affect you - GOV.UK Use this tool to estimate how the April 2024 reduction in the main rate of Class 1 National Insurance contributions will affect you.

💼 - a Webb Teasdale Service

We use , , and , but we can adapt to any software you prefer. Save both time and money with our cost-effective bookkeeping solutions.

We manage books for a variety of self-employed industries. To learn more about our services, visit our website. LINK IN BIO

DID YOU KNOW...?

Double-entry bookkeeping was first developed by an Italian mathematician. Luca Pacioli was the first person to publish a detailed double-entry accounting system in which every debit (Latin for “he owes”) was matched to a credit (“he trusts”).

- a Webb Teasdale Service
We use , , and but if you use another software package we can adapt to that too. Save money and time with our cost-effective service.

We manage books for a variety of self-employed industries

To get in touch or see all of our services visit https://webbteasdale.co.uk/our-service

PLEASE FOLLOW/LIKE AND SHARE OUR CHANNEL FOR MORE GREAT CONTENT AND NEWS FROM THE ACCOUNTANCY WORLD

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Don't use old tech to find your National Insurance number.
With the HMRC app it's always at your fingertips.

Download today.
iOS - https://ow.ly/HmqB50QWytE
Android - https://ow.ly/MXWe50QWytB

Sharing is caring

If your total VAT taxable turnover for the last 12 months was over £85,000 (for the 2023-24 tax year) or £90,000 moving forwards, you'll need to register. You can check this at the end of every month, but you must register within 30 days of the end of the month you went over the threshold.

If you want a friendly chat about VAT, speak to Rob today 01235 525160

🔊 Are you an exporter?

There’s less than one month left to move over to the Customs Declaration Service.

Get started today by using the HMRC ONLINE online guidance 📝⬇️
https://www.gov.uk/government/publications/customs-declaration-service-communication-pack

The minimum wage rates have increased with effect from 1 April.

Please note that the age ranges have changed.

NEW RATES FROM 1 APRIL 2024 -
These rates are for the National Living Wage (for those aged 21 and over) and the National Minimum Wage (for those of at least school-leaving age) from 1 April every year

April 2024 (new rate)
21 and over £11.44
18 to 20 £8.60
Under 18 £6.40
Apprentice £6.40

More information about minimum wages can be found at https://www.gov.uk/national-minimum-wage-rates

300,000 early birds filed their 2023-24 Self Assessment tax return in the first week of the new tax year - almost 10 months ahead of the 31 January 2025 deadline.

Read our press notice to find out more 👇
https://www.mynewsdesk.com/uk/hm-revenue-customs-hmrc/pressreleases/300000-file-tax-returns-in-the-first-week-of-the-tax-year-3321709

Checkout the Self- Assessment manual on the HMRC website https://www.gov.uk/hmrc-internal-manuals/self-assessment-manual

Or don't and appoint Webb Teasdale as YOUR accountants instead!

Its a WIN WIN situation!! 🤣

Have a great break over the bank holiday weekend and let's chat about how our team can help your business in 2024

Tax credits customers will receive a renewal notice from 2 May. The majority of renewals are automatic but some customers will need to renew by 31 July to keep receiving their payments. Find out more 👇
https://www.gov.uk/government/news/time-to-renew-for-tax-credits-customers

- a Webb Teasdale Service
We use , , and but if you use another software package we can adapt to that too. Save money and time with our cost-effective service.

We manage books for a variety of self-employed industries

To get in touch or see all of our services visit https://webbteasdale.co.uk/our-services-in-detail

️

HMRC warns new QR code scam is circulating as criminals try to steal your personal details

The alert proceeded to link to a website containing the email address [email protected].

The Cyber Protect X account added: "HMRC will never send notifications of a tax rebate or ask you to disclose personal or payment information by email."

HMRC does use QR codes in letters and correspondence, but the QR code will usually take the recipient to guidance on Gov.uk.

The taxman says recipients will be told if the QR code takes them anywhere else, and they will never be taken to a page where they have to input personal information.

Monday Motivation - PLANNING

We offer advice on a wide range of capital gains tax issues, including second homes and principal private residence relief, entrepreneurs’ relief, and making gifts.

👉Careful planning can prevent unforeseen tax implications.

To get in touch or see all of our services visit https://webbteasdale.co.uk/our-services-in-detail

Brothers who tried to steal £1 million in a ‘staggering and audaciously dishonest’ film tax fraud have been jailed for a total of 14 years.

Read the full story ⬇
https://www.mynewsdesk.com/uk/hm-revenue-customs-hmrc/pressreleases/siblings-made-up-movie-in-ps1m-tax-fraud-3315253

From 6 April, Class 1 National Insurance contributions reduce from 10% to 8%.

Use our online tool to estimate how it will affect you ⬇️

Estimate how the April 2024 National Insurance contributions changes will affect you - GOV.UK Use this tool to estimate how the April 2024 reduction in the main rate of Class 1 National Insurance contributions will affect you.

Considering a new Business Start-Up?
If you are looking to start a business the correct business structure is key for maximising tax efficiency. We can help you decide on the appropriate type of business set up. We can assist with company formation, HMRC registration and guidance on bookkeeping and administration

Contact us for a chat and to find out more https://webbteasdale.co.uk/

Are you self-employed or in a trading partnership? 📣

All unincorporated businesses whose accounting year end doesn’t match the tax year are now required to move to the new tax year basis (known as Basis Period Reform). ☑️

Use our new online guidance below to find out more. 👇
https://www.gov.uk/guidance/work-out-your-transition-profit -help-to-work-out-your-transition-profit

Attention Creatives 📢
From 1 April, Creative Industry Tax Reliefs claims require supporting evidence via a new mandatory form.
Click below to find out more. 👇
https://www.gov.uk/guidance/support-your-claim-for-creative-industry-tax-reliefs

Thanks to
for reporting on our explanation of ISA rules, which are useful to be aware of as we come to the end of the tax year. Further information about how ISAs work can be found on http://GOV.UK

https://www.manchestereveningnews.co.uk/news/greater-manchester-news/hmrc-sends-message-clarify-rules-28900307

Millions of families who claim Child Benefit will automatically receive increased payments from 6 April 2024. Find out more here 👇
https://www.gov.uk/government/news/what-the-child-benefit-rate-rise-means-for-you

What the Child Benefit rate rise means for you Child Benefit rates go up on 6 April 2024.

Happy Easter from the WebbTeasdale team

📅 From 6 April.

✅ Main rate cut from 9% to 6%.

✅ No longer required to pay Class 2 NICs – but you can still pay voluntarily.

Find out about changes to National Insurance for the self-employed ⬇️
https://www.gov.uk/government/publications/spring-budget-2024-personal-tax-factsheet/spring-budget-2024-personal-tax-factsheet

Are you a small business owner? 🏪

Learn more about VAT and check if you need to register by watching this HMRC handy YouTube playlist. 🎥

https://www.youtube.com/watch?v=j22igU8Gsu4&list=PL8EcnheDt1zgiK-Z0Rp-CQV-bHi6tDJ_H

Starting a new job? Get the right details for your employer to get on the right pay quicker.

Check you’ve sent the right:
✅ Name
✅ Date of birth
✅ National Insurance number
Find out more 👇


https://twitter.com/i/status/1766071376413159633

twitter.com

Even though HMRC insists that Tax shouldn't be taxing it can still seem quite a time-consuming and daunting task especially when it comes to Self-Assessment.

We can act as your agent and deal with HMRC on your behalf. Whether you are self-employed, a landlord, or have other taxable income we will ensure you pay the right amount of tax.

To get in touch or see all of our services visit https://webbteasdale.co.uk/our-services-in-detail

From 6 April, the threshold people start paying the High Income Child Benefit Charge will increase to £60,000.

Find out more ⬇️
https://www.gov.uk/government/publications/changes-to-the-high-income-child-benefit-charge