IR35 reforms taking their toll on skilled contractors

Apr 23, 2024

One in ten highly skilled freelancers are currently out of work due to the impact of reforms to IR35 tax legislation, according to research published by the Association of Independent Professionals…

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More than seven million adults still struggling to pay bills, finds FCA

Apr 15, 2024

Around 7.4 million people in the UK struggled to pay a bill or a credit repayment in January, according to the Financial Conduct Authority (FCA).

The figure is lower than last year but is still…

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Latest guidance for employers

Apr 09, 2024

HMRC has published the latest issue of the Employer Bulletin. The March issue has information on various topics, including:

  • PAYE Settlement Agreement payment
  • reporting expenses…

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The National Minimum Wage is the single most successful economic policy in a generation, says think tank

Apr 02, 2024

The introduction of the UK's National Minimum Wage (NMW) in 1999 is the single most successful economic policy in a generation, according to the Resolution Foundation.

The NMW has increased…

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HMRC's services having a negative impact on SME productivity

Mar 29, 2024

The productivity and efficiency of SMEs is suffering as a result of poor HMRC services, according to members of the Association of Chartered Certified Accountants (ACCA).

In a survey of ACCA…

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Easter Office Opening Hours

Mar 27, 2024

Happy Easter from the team at Armstrongs!

Armstrongs will be closed on Good Friday (29th March) and…

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Bank holds interest rates as inflation and economy show improvement

Mar 26, 2024

The Bank of England held interest rates at 5.25% despite continued falls in the rate of inflation and a return for growth for the UK economy in January.

The Bank's Monetary Policy Committee…

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Relief at HMRC's reversal of helpline closures

Mar 21, 2024

HMRC's decision to halt its plans to restrict taxpayer helplines and direct people to online services instead has been met with relief by the Federation of Small Businesses (FSB).

The tax authority…

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New HMRC R&D tax relief guidance 'could be clearer', says ICAEW

Mar 18, 2024

New guidance from HMRC on Research and Development (R&D) tax relief 'could be clearer', according to the Institute of Chartered Accountants in England and Wales (ICAEW).

HMRC's draft…

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