Read some topical tax points including whether you should claim Child Benefit as a high earner and whether an expenditure should be included in partnership expenses or claimed on personal tax returns?
As of 1 October 2021, the Government has amended the NHS (General Medical Services Contracts) Regulations to require a contract with a medical practitioner or partnership to contain a term requiring the contractor to make a self-declaration to NHS Digital should their NHS earnings exceed the prescribed threshold for a given year.
Now that the suspension of winding up petitions and statutory demands is coming to an end, it is anticipated that there will be an increase in creditor enforcement action. This has historically been the point at which, for many companies and individuals, they realise that they need to seek advice from a licensed insolvency practitioner. The withdrawal of the remaining Government support will potentially result in an upturn in the need for businesses to seek the right advice.
Nando’s running out of chicken and McDonald’s running out of milkshake – just two of the more high-profile hospitality businesses that are feeling the effects of the general supply chain bottlenecks. As the world looks towards the economy bouncing back, the UK’s recovery appears to be stalling as it struggles to find the staff needed to keep the supply chain moving.
30 September 2021 marks the date when the Coronavirus Job Retention Scheme is due to be formally wound down. Whilst it has undoubtedly preserved thousands of jobs over the past 18 months, many businesses will now be looking whether they can afford to bring back all of their staff.
Armstrong Watson has warned that an increase in National Insurance Contributions for businesses could discourage the creation of new jobs and potentially put some at risk.
Burnetts Solicitors and Armstrong Watson are pleased to announce that Armstrong Watson has acquired the financial services business of Burnetts Solicitors.
The deal between the two firms took effect on 1st of September 2021.