News
Jun 13, 2022 | VATChanges To VAT Rates: What Does This Mean?
Summary. The vat reduction hospitality experienced in October 2021 benefited many businesses post-COVID, attracting consumers with better prices. However, by April 2022, VAT returned to 20%, altering the VAT Flat Rate Scheme percentages and impacting hospitality sectors. Thomas Nock Martin offers guidance on navigating these changes. Since the 1st of October 2021, the hospitality […]
Apr 20, 2022 | TaxSalary Sacrifice Schemes: What Are They & Why Use Them?
Summary. The salary sacrifice scheme offers employees a way to maximise their personal allowances by reducing taxable income. Thomas Nock Martin explains its benefits, such as higher take-home pay and decreased National Insurance, while also highlighting potential considerations for individual circumstances. Personal allowances vary from one employee to another. But it is essentially the […]
Mar 20, 2022 | Business Advice, TaxWhy Small Businesses Should Use An Accountant
Summary. Small business financial support is crucial for success, especially for new entrepreneurs. TNMCA offers services like ensuring accurate financial numbers, saving money, monitoring cash flow, aiding in business planning, and managing growth to assist businesses in their financial journey. Have you recently become a small business owner? If you have, you may be […]
Feb 20, 2022 | TaxTax Planning Ideas For 2022
Summary. Tax planning services are essential as we approach March, with a focus on maximising 2022 tax efficiencies. The article by Brierley Hill chartered accountants recommends optimising ISA allowances, exploring other allowances, increasing pension savings, and reviewing Wills for comprehensive financial planning. We’re coming to the end of February. Therefore, it’s the ideal time […]
Jan 20, 2022 | TaxBusiness Rates: How Fair Are They?
Summary. High street businesses face challenges with unfair rate systems, especially when compared to eCommerce companies paying lower rates. The government’s consultation on Online Sales Taxes aims to balance this disparity. To navigate these complexities, businesses are turning to taxation outsourcing services like us for expert accountancy and guidance. The English government advocates a […]
Dec 20, 2021 | Business AdviceHow To Check If Someone Is A Chartered Accountant
Summary. When seeking accountancy services in Brierley Hill, it’s crucial to distinguish between accountants and chartered accountants. While anyone can label themselves an accountant, being a chartered accountant indicates rigorous training and adherence to a professional Code of Ethics. Thomas Nock Martin offers trusted chartered accountancy services in Brierley Hill, ensuring quality, professionalism, and expertise […]
