Big four accountancy firm, EY, has forecast a return to steady economic growth through 2024 to 2027, but expects the gap between UK regions and London and the South East to widen. In the February EY UK Regional Economic Forecast, the UK overall is expected to see annual average growth of 1.9% … [Read more...]
News for: Accountancy
Azets research reveals UK gap in succession planning
New research by UK top ten accountancy and advisory firm Azets has revealed that fewer than one in ten UK businesses have succession planning fully integrated into their strategy, despite 30% of companies demonstrating a widespread recognition of its importance. The Azets Barometer January 2024 … [Read more...]
National Insurance rate cut takes effect in January payslips
January payslips have seen workers across the UK pay a reduced rate of National Insurance for the first time since the rate cut announced last year took effect. The government announced it would cut National Insurance by 2p from 12% to 10% at the 2023 Autumn Statement – for the average salaried … [Read more...]
Nearly half a million to miss Self Assessment deadline, finds Handelsbanken
More than 475,000 self-employed people believe they will miss the deadline for completing self-assessment tax returns and paying any money owed, research conducted on behalf of Handelsbanken Wealth & Asset Management has found. Less than a fortnight before the 31st January deadline, HMRC … [Read more...]
3.8 million Self Assessment returns still to be filed a week before deadline
With just one week to go before the 31st January Self Assessment deadline, HMRC estimates that 3.8 million are risking a £100 penalty if they do not file their tax return in time. HMRC is anticipating more than 12.1 million Self Assessment tax returns to be filed for the 2022-23 tax year, along … [Read more...]
44,800 customers opt to spread the cost of Self Assessment tax bills
Nearly 44,800 Self Assessment taxpayers have set up a payment plan with HMRC to settle near £148 million of tax bills ahead of the 31st January deadline. More than 7.7 million Self Assessment customers have already filed their tax return for the 2022 to 2023 tax year, but HM Revenue and Customs … [Read more...]
Company insolvencies exceeded 25,000 in 2023
Corporate insolvencies exceeded 25,000 for the first time since the 2009 financial crisis in 2023, new December insolvency statistics have shown. Figures also showed that December, typically a quieter month for company insolvencies saw more than 2,000 firms close their doors, surpassing the … [Read more...]
Azets bolsters Forensic Accounting and Valuations team in the North
Top 10 UK Accountancy firm, Azets, has announced three senior hires in the Forensic Accounting and Valuations team in Northern England. Partners David Houghton and Kate Beckett, and Director Aaron Pegg join from DSW Bridge Houghton Forensic as part of Azets’ ambitious plans to scale the national … [Read more...]
Azets advises on acquisition of North-west precision technologies provider
Top 10 accountancy firm, Azets, which has branches across the North-west including in Stockport, has advised a North-west provider of precision technologies on its acquisition. Heysham-based Forsberg Services has operated for over 35 years and has a strong reputation in the industry for its … [Read more...]
National Insurance rate cut takes effect for employees
The rate of National Insurance paid by employees fell from 12% to 10% from Saturday 6th January 2024, following the announcement of the cut in the Chancellor's Autumn Statement last year. For a typical salaried worker earning £35,400, HMRC expects this will equate to a reduction in tax of around … [Read more...]
Azets announces senior North-west appointments
National accountancy firm with a significant presence in Stockport, Azets, has announced three senior hires to advise clients across the North-west. Keith Miller joins as VAT Partner, Simon Copeland joins as Director in the corporate finance team, and Vincent Costello joins as Director in the tax … [Read more...]
Less than one month remains before Self Assessment deadline
Self Assessment taxpayers have less than one month to file their 2022-23 returns and pay any tax due before the 31st January deadline. Over 6.5 million people have already filed their tax returns for the 2022-23 financial year, however, around 5.7 million Self Assessment taxpayers have yet to … [Read more...]
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