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Salhan Accountants Newswire
August 2022

Our aim is to keep you up to date with ideas and information that will help you gain the best possible advantages in working with us. This newswire will be sent regularly to help achieve this aim, and we hope you enjoy reading them.

 

Press Releases

 
PA Chartered Accountants acquired by Salhan Accountants
 

Salhan Accountants are delighted to announce the acquisition of PA Chartered Accountants and we warmly welcome Paul and all the clients he brings with him. PA Chartered Accountants, which has been led by Paul Alton, has a strong client base in the Midlands and offered an advisory service to families and businesses and a consultancy… Read more…

 
Launch of Xpert Training
 

We excited to announce today the launch of Xpert Training – https://xpert-training.xyz/ With the economy suffering, the job market has never been so competitive. Potential employees need to stand out from the crowd if they hope to secure a position. Alternatively, many individuals are turning to self-employment, creating their own position. With this in mind,… Read more…

 
Chancellor Announces Further Financial Aid for Hard Hit Businesses
 

FOR IMMEDIATE RELEASE 2020-05-05 Chancellor Announces Further Financial Aid for Hard Hit Businesses Small businesses were handed a lifeline on Monday when the Chancellor, Rishi Sunak announced a new microloan scheme, ensuring that companies could get access to much-needed funds. Small firms are now able to access 100% taxpayer-backed loans of up to £50,000. The… Read more…

 

Business News

 
Recovery Loan Scheme to be relaunched
 

The Recovery Loan Scheme (RLS) will be relaunched during August 2022 as the government aims to continue supporting recovering small businesses. The RLS launched in April 2021 and was originally scheduled to run until 31 December 2021. At Autumn Budget 2021, the government extended the scheme by six months to 30 June 2022 and made… Read more…

 
National insurance threshold rises
 

The level at which people start paying national insurance rose from £9,880 to £12,570 from 6 July. According to the government, 30 million people across the UK will benefit from this tax cut. It says the increase will lift 2.2 million people out of paying any personal tax. The threshold change means that 70% of… Read more…

 
IMF warns UK is set for slowest rate of growth of G7 countries
 

The International Monetary Fund (IMF) has warned that the UK faces the slowest rate of growth in the G7 next year. The IMF predicts that UK economic growth will fall to 0.5% in 2023, which is considerably lower than its previous prediction of 1.2%, which was forecast in April. Russia’s invasion of Ukraine and the… Read more…

 
Reform required to combat staff shortages, says BCC
 

The British Chambers of Commerce (BCC) has called for action to help firms employ more staff amidst recruitment difficulties. A survey carried out by the business group revealed that 61% of firms are looking to recruit more employees, but many are facing difficulties in doing so. According to the BCC, the construction sector is facing… Read more…

 
IoD calls for extension of capital allowances super-deduction
 

The Institute of Directors (IoD) has called on the government to extend the capital allowances super-deduction. Data published by the IoD found that the super-deduction has had ‘a positive and measurable impact’ since it was introduced at Budget 2021. The data showed that 13% of firms reported that the super-deduction had had a direct impact… Read more…

 
Insurer warns of rise in fraudulent claims amid cost-of-living crisis
 

Insurer Zurich UK has stated that there has been a significant increase in the number of fraudulent claims as a result of the cost-of-living crisis. Zurich found that between 1 January and 31 May 2022, the number of fraudulent property claims rose by 25% compared to the same period in 2021. It also stated that… Read more…

 
New finance legislation aims to unlock investments
 

The government has introduced legislation to Parliament, which it says will enhance the competitiveness of the UK financial services sector and unlock tens of billions of pounds of investment. The Financial Services and Markets Bill repeals hundreds of pieces of EU retained law to deliver a ‘comprehensive model of regulation for the UK’. The government… Read more…

 
Pandemic-born businesses could add £20.4 billion to UK economy
 

More than £20 billion could be added to the UK economy in the future from the number of additional businesses created during the pandemic, according to research carried out by the Confederation of British Industry (CBI). Around 800,000 companies were registered in the first year of the pandemic, a 22% increase compared with the previous… Read more…

 

Key Dates

19 February 2019 – Deadline for postal payments remittance of PAYE, NICs and CIS to HMRC.

22 February 2019 – Deadline for electronic remittance of PAYE, NICs and CIS to HMRC.

1 March 2019 – New Advisory Fuel Rates (AFR) applies for company car users.

Payments of PAYE and NI must reach HMRC by the 19th of the month following the tax month in which the salary payment was made if paying by cheque, or by the 22nd of the month if paying electronically. Please note that if the 19th or 22nd falls on a weekend or bank holiday, payment must reach HMRC on the last working day before the weekend or holiday.

 

Winner of Midlands Accountancy Firm of the Year 2014
 

Birmingham Office: 3rd floor, 54 Hagley Road, Edgbaston, Birmingham, B16 8PE
T: 0121 455 7475 or 0121 794 0620

Droitwich Office: 5 Victoria Square, Droitwich WR9 8DF | T: 01905 953005

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