Atkinson Accounting Services

17/02/2023

Fear is a natural response to danger, but some people experience fear in extreme cases that can be debilitating. These individuals may suffer from phobias or anxiety disorders. Fortunately, there are treatments available to help alleviate these issues. One such treatment is hypnotherapy, which has b

20/12/2022

HMRC have today confirmed they will be postponing the requirement for Making Tax Digital (MTD) for self assessment tax returns.

Self employed individuals & landlords with an income over £50,000 must keep digital records & submit quarterly updates from April 2026. For those with incomes from £30,000 to £50,000 you have until April 2027.

Takes the pressure off somewhat, BUT if your tax return is something you dread & put off every year then maybe 2023 is the year to go digital with your accounts! You’ll save time and stress - I promise!! 😉

10/12/2022

Here are some great small businesses for some Christmas gifting ideas. If you are searching for some ideas, have a look at these businesses - there’s something for everyone! 🎅🏼🎁🎄

lovely gifts, crafts & stocking fillers. I love their party bags!
beautiful terrarium kits or ready assembled too
delicious brownies to their door in lots of scrummy flavours
bespoke & gorgeous gifts
divine smelling candles & wax melts

09/12/2022

That’s right people, Christmas & the big man himself are getting very close…but that also means so is the deadline for submitting your self assessment for 2021-22!

If you have been procrastinating best start the process - you’ll be glad when it’s not hanging over you, I promise!

28/11/2022

Let's start this week off with positive vibes... nothing like a glowing report from one of our besties! ⭐

“Ian and the team are very professional and knowledgeable. We had a complex remortgage situation which other mortgage brokers couldn’t handle. They understood the issues straight away and got us on the right path really quickly. They were supportive all the way through and got us set up to have minimal queries from lenders. We would definitely use Best Mortgage Solutions again.” — TL (Newcastle Upon Tyne)

07/01/2021

Epic Afternoon teas from a great, local & family run business!

08/08/2020

What a lovely unexpected gift from a client - recently finished a project to tidy up their accounts. They covered some of my favourite things! 🥰

21/03/2020

Hope everyone is keeping as well & as sane as possible in these surreal times.

Here is an update on the latest measures to support businesses through the coming months. Please do share & tag to anyone that may find this useful. I will also do an update for employees & more personal measures tomorrow. I - like many of you - will be working around my children being at home, so please do bare with me!

PAYE;
Corona Virus Job Retention Scheme - every employer can access a grant to cover 80% of employees salary if they are designated as a furloughed worker Cap on this is £2500 & will run for 3 months initially. It can be backdated to 1st March.
SSP can be reclaimed from the government for periods of two weeks for Corona related absence. Business must have fewer than 250 employees.

VAT;
No VAT will be paid by any business from now until the end of June. You will have until the end of the financial year to pay. Reporting should still be completed.

Self Employed;
The July Payment on Account for income tax has been deferred until January 2021. You do not need to take action/apply, this will be done automatically.
Can claim SSP equivalent at £94.25 for Corona related sickness. Sole traders can access Universal Credit immediately with threshold removed.

Corona Business Interruption Loans;
Available from major banks, 80% guaranteed by the government. Terms for 3 months to 10 years. Interest free for 12months, available from 23rd.
**This is still a loan & must be repaid**

Business Rates Holiday;
For the retail, hospitality or leisure industry. This will be applied automatically.
There are also grants available for these industries, your local authority will be in contact if you are eligible.

Grants for businesses that pay little or no rates;
Available to those that receive Small Business Rates Relief or Rural Rate Relief there is a one of grant of £10,000. Again, no action required, your local authority will be in touch

HMRC Time to Pay;
Any business or self employed person in financial distress with outstanding tax liabilities that has or may miss a payment due to Covid-19 can call a dedicated helpline;
0800 0159 559

Full details can be found at HMRC;

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15/03/2020

It's a stressful time for us all not knowing how the Coronavirus situation will progress.

The HMRC has released the following guidance on support for small businesses.

It includes support for small businesses paying SSP related to Coronavirus absences, early details of a new Corona Virus Business Interruption Loan Scheme together with information on support for businesses that may struggle to meet their tax liabilities.

For full details;

We use cookies to collect information about how you use GOV.UK. We use this information to make the website work as well as possible and improve government services.

28/02/2020