Waltons blog

  The last year has been a challenge for many of us.  With re-start and growth back on the cards for many businesses, are you aware there is grant funding available, and you could be eligible to apply for up to 55% on your expenditure in your business that will lead...

Having now entered another tax year, HMRC have clarified the working from home allowance for 2021/22. HMRC previously announced that for 2020/21, even if you were required to work from home for ONE DAY during the tax year, you can claim tax relief for the WHOLE YEAR. ...

  HMRC Self-Assessment – REMINDER of Late Filing Penalties & Late Payment Interest/Surcharges  If you have not submitted your tax return for the year to 5 April 2020 (which was due for submission on or before 28th February 2021), HMRC will already have charged the...

An ambitious team of Chartered Accountants are aiming for growth after strengthening their management team with two senior appointments. Waltons have appointed Sharon Hutchinson as operations director, with Paul Harrison taking on the role of managing director.  Paul,...

Normally, every year the Government manage to arrange for the Budget to take place on my wife's birthday, which always leaves me with a slight dilemma if we are due to have the day off. So, this year when Budget Day was announced as being on 3 March, I breathed a sigh...

Tees Valley Mayor Ben Houchen is urging small and medium-sized busineses from across the region to take advantage of new funding and advice to help them become more energy efficient and save money, following the launch of a new scheme on 10 March 2021. Companies could...

As many of you may know, ordinarily tax liabilities are due by 31 January, following the end of the tax year. 2020/21 has been anything but ordinary, and as a result, HMRC had confirmed that the initial 5% late payment penalty on Self-Assessment tax would not be...

Just over a week since the Spring Budget on 3 March 2021, and looking back, it's understandable that with the country still in the midst of the Covid-19 crisis, but hopefully with the roadmap to light at the end of the tunnel, it is not surpirising The Chancellor...

    With just a couple of days to go, how do we try and predict what changes Chancellor Rishi Sunak and the Government may have in store for the tax system, come the Budget this Wednesday, 3 March? Where to start? We know since the Covid Crisis began early last year...

    REMINDER: 2020 SELF-ASSESSMENT FILING DEADLINE EXTENDED TO28 FEBRUARY 2021     Don't forget you have until 28 February 2021 to file your 2020 Self-Assessment return. HM Revenue & Customs have now announced Self Assessment taxpayers will not be charged the 5% late...

    EXTENSION TO ANNUAL INVESTMENT ALLOWANCE (AIA)     If your company/business has its latest year end on 31 March 2021 or 5 April 2021, don’t forget to make use of the extension to Annual Investment Allowance by acquiring any new equipment, machinery etc you may...

  CONSTRUCTION INDUSTRY VAT REVERSE CHARGE - 1 March 2021     The new domestic reverse charge will now come into effect from 1 March 2021. -        Are you organised? -        Have you considered how the changes might affect you?  -        Have you considered cash...