It is that time of the year again when anyone new to Self Assessment for the 2022/2023 tax year must tell HM Revenue and Customs (HMRC) by 5 October 2023. What does new to Self Assessment mean? In simple terms, it refers to someone who might have: If any of […]
Updates
AMS Accountants Group today announce the Prince’s Trust as an official 2023 charity partner. Founded in 1976 by His Majesty, King Charles III, the Prince’s Trust has built a rich heritage of providing targeted support for younger people in the UK and throughout the Commonwealth, unlocking opportunities for growth for […]
WHAT DOES IT MEAN FOR YOU? HALVING INFLATION The latest forecast from the Office for Budget Responsibility (OBR) shows that inflation will morethan halve this year. Inflation is now expected to fall from a peak of 11.1% in October 2022 to 2.9% in 2023. The OBR then expects inflation to […]
WHERE ARE WE HEADED? Chancellor Rishi Sunak set out a Budget prioritising the protection of businesses during the pandemic. Our report highlights the headlines that may have an impact on your family, your business and your wealth going forward. Please follow our link to read our report on the how the budget […]
The Government have now responded to the Consultation process – a copy of the Consultation paper is attached for your reference and the salient points for your benefit are summarised below. By way of background, when the government introduced the 2015 NHS Pensions scheme (pushing back the retirement age to […]
Following on from our recent guidance on NHS death in service benefits and the importance of having an up to date will, from a tax point of view (an unromantic proposition to say the least), there are several tax benefits worth bearing in mind when it comes to marriage. Additionally, many couples […]