The budget was announced today, and there were a few announcements, but generally speaking for the average working person, there won’t be any changes. The biggest announcement was regarding National Minimum/Living Wage. This will be increased next year (April 2022) to £9.50 from it’s current rate of £8.91 for 23 year olds and over.…
News & Blog
Welcome to the team Zoe!
Shropshire accountancy firm Turas Accountants has appointed a new apprentice to its team. Zoe Case, aged 20, has joined the Telford-based company as a trainee accounts technician. Zoe had previously completed a finance apprenticeship with a Shropshire retail company but her ambition was to work within an accountancy practice. “I live on…
Why is bookkeeping going to be so important for Making Tax Digital?
With the new Making Tax Digital legislation coming into force in the next couple of years, making sure your bookkeeping is in good order is going to be essential in helping you and your business prepare for the changes. We know a lot of our clients are worried about the changes that are going…
What you need to know about the National Insurance Increase and the new Health and Social Care Levy
This week has seen the government announce the new Health and Social Care levy. As the impact of Covid starts to hit, this is potentially the first of many tax changes that we can expect over the next few years. But what is the new Health and Social Care levy and how will it affect…
What are Basis Periods?
There are going to be quite a lot of changes to the way that businesses record and report their accounts over the next couple of years with the rollout of the Making Tax Digital scheme. One of these changes is the removal of basis periods from the tax year 2022 – 2023. What…