GRC Blog



Companies House Fee Increases 2024

Companies House has announced fee increases on some of their services from 1 May 2024:   Transaction New fee Current fee Incorporation Digital £50 £12 Incorporation (same day) Software £78 £30 Incorporation ...
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The State pension and triple lock: What is it worth to you?

A significant rise in the state pension is expected next April under what is known as the triple lock.The increase, which could be as high as 8.5% is a contentious political issue which continues to cause debate.  The state pension rose in April 2023 by 10.1% - in line with the ...
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Understanding VAT Thresholds

Understanding VAT Thresholds VAT (Value Added Tax) is a tax added to most products and services sold by commercial businesses so long as their annual turnover is above the threshold.  Businesses have to register for VAT if their taxable turnover is more than £85,000. They can ...
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Spring Budget 2023

The recent Budget did not bring any unexpected surprises with policies directed at motivating people into work, and keeping them there with key changes on childcare and pensions. The continuing cost of living crisis facing households was also a major contributor as the Chancellor ...
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HMRC Introduce Text Service

As part of their efforts to reduce waiting times, HM Revenue and Customs are trialling a text service, which will see routine calls for information answered via message such as requests to find a reference number or reset a password. HMRC is expecting to receive over 150,000 calls ...
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Autumn Budget 2022

Jeremy Hunt has unveiled massive £24bn tax hikes this morning as the OBR confirms economy is ALREADY in recession. We have gathered together the headlines from today's budget and how you may be affected, if you need further advice, please do not hesitate to contact Gareth and the ...
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It's finally here!

It's been a long time coming and anyone who has visited us in recent months will know how much we've been eagerly awaiting the fitting of our brand new glass meeting room, we could not be more delighted with it, MDfitout ltd have been fantastic, a thoroughly brilliant company to work ...
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How the mini-Budget U-turn will affect your finances

In another chaotic week in Downing Street, Chancellor Jeremy Hunt has axed most of Kwarteng’s recent mini-budget. Mr Hunt announced he was scrapping “almost all” of the tax cuts announced by the government last month, in a bid to stabilise the financial markets. There ...
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Proud Sponsors of Hillbark Players

After a two year hiatus, we were delighted to return as sponsor of the Hillbark Players again this year, their magical performance of The Tempest, set in Royden Park was another brilliant success and a huge credit to the army of cast, crew and willing volunteers that contribute to ...
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Are you considering buying a new business?

Acquiring a business can be an exciting but daunting prospect. While it can be hugely worthwhile, it can also prove to be a very long process with difficult decisions to be made along the way, we've put together a few guiding pointers to consider before you get started. Plan AheadThe ...
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Selecting the Right Accountant

When you are first getting established in business, its so important to consider your tax affairs from the start. Selecting the right Accountant to help you with this is a vital decision as they will work alongside you, fulfilling an important role in supporting your business.When you run ...
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Preparing for a new financial year

For many of you managing your own business, you will now be preparing for the new financial year. It takes a lot of effort and passion to start your own business and even more to keep it growing! Whatever your business, when you are in the early stages, the hours are very long and there ...
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Budget 2021

The Economy✔️ The Chancellor said coronavirus has caused one of the “largest, most comprehensive and sustained economic shocks this country has ever faced”.✔️ In good news, The Office for Budget Responsibility (OBR) is now forecasting “a swifter and more ...
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Update on the Coronavirus Job Retention Scheme

The Government have announced that the Coronavirus Job Retention Scheme has been extended until the end of September 2021. This is to support businesses and individuals who are affected by Covid 19. The Government will pay employees 80% of their usual salary for hours not worked, up to ...
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The EU VAT e-commerce package: how accounting can help

On 1 July, the European Union will change the way in which VAT is reported and paid, potentially impacting anyone in the UK operating a business selling products & services online to consumers and practicing distance selling. “The Covid-19 pandemic has caused a big shift in ...
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