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New student loan procedure

New student loan procedure

After thousands of taxpayers over repaid their student loans due to the PAYE system, HMRC say their new procedure will help to avoid this. The official statistics show that every year around 1.5 million people borrow money through the Student Loans Company (SLC). The...
Merry Christmas from SFB Group!

Merry Christmas from SFB Group!

We wish you a Merry Christmas and a prosperous New Year! Our Christmas opening times are: Closed: 12pm Friday 22nd December 2023 Open: 9am Tuesday 2nd January 2024 May your holidays be full of warmth and cheer.
VAT Margin Scheme

VAT Margin Scheme

If you purchase or sell second hand goods, you could use a VAT margin scheme. Those that frequently trade in second hand goods such as car dealerships, antiquities, or even livestock such as horses, may be aware of such a margin scheme and how they can use it, however...
What are the Basis Period Reform changes?

What are the Basis Period Reform changes?

New rules dictate that from 2024/25, all unincorporated businesses will be taxed on the profits generated between the start and end of the tax year, from 6 April to 5 April. This will apply regardless of the actual year-end that the business prepares its accounts to....
Workplace pensions for temporary and seasonal staff

Workplace pensions for temporary and seasonal staff

The Pensions Regulator have confirmed that some employees aren’t correctly following the workplace pension rules for temporary workers, including seasonal staff. If your business is hiring short-term employees, what steps do you need to take? First, your...
Autumn Statement 2023: A summary of the key announcements

Autumn Statement 2023: A summary of the key announcements

Chancellor Jeremy Hunt delivered his Autumn Statement last week. Setting out the governments tax and spending plans for the year ahead, below is a summary of the key announcements. Taxation & Wages From 6 January 2024, the main rate of National Insurance will be...