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Top Rotherham Taylor Chartered Accountants News

William Lako: You Can’t Take It with You—but You Can Decide Who Gets It
Business

William Lako: You Can’t Take It with You—but You Can Decide Who Gets It

50% Right coverage: 6 sources
No one enjoys thinking about their death; therefore, estate planning often falls to the bottom of the to-do list. Many people assume that if they’re married with children, their estate will transfer to their surviving family members. While that may…See the Story
The Liberals Are Not Just Going Through a Phase – This Is a Full-Blown Identity Crisis
Politics · Australia

The Liberals Are Not Just Going Through a Phase – This Is a Full-Blown Identity Crisis

67% Left coverage: 3 sources
The party is not in good health. Sussan Ley’s main challenge is to ensure the party understands just how much trouble it is in.See the Story
Jobs 'not entitled' to National Minimum Wage - from directors to apprentices
Minimum Wage · United Kingdom

Jobs 'not entitled' to National Minimum Wage - from directors to apprentices

Coverage: 2 sources
UK citizens are advised to use the Government's minimum wage calculator to verify if they are earning the National Minimum WageSee the Story

Call to Review NICs Hike as More Than 100,000 Jobs Are Lost

UKHospitality has called for changes to employer NICs to be reviewed in the wake of a dramatic fall in the number of payrolled employees. The Labour Market Overview, published by the ONS, estimates the number of payrolled employees in the UK in May 2025 decreased by 109,000 compared to the month before. This loss of jobs exceeds predictions from both the Office for Budget Responsibility (OBR) and a major bank. The OBR originally predicted the ch…Rachel Reeves · United KingdomSee the Story

Mandatory Payrolling of Benefits in Kind Delayed by HMRC - Rotherham Taylor Chartered Accountants

100% Center coverage: 1 sources
The delay to payrolling Benefits in Kind (BIK) to 2027 may seem like a cause of relief for many businesses who are concerned about the extra responsibility the changes will bring, but employers should still prepare for this landmark change. Rather than filing an annual P11D form, the changes to payrolling BIK will force businesses to complete additional admin every month. Though the 2027 deadline may seem far off, it is worth preparing now, as t…Taxes · United KingdomSee the Story

The first steps to take when a loved one has died - Rotherham Taylor Chartered Accountants

The death of a loved one is something that sadly most of us will experience at some point in our lives.  Knowing what practical steps you need to take following a loved one’s death can feel overwhelming at an already challenging time.  Here are the immediate steps you need to take in the days and weeks following a loved one’s death.  Obtaining a medical certificate   To register a death and complete the necessary administration, you first need t…Rotherham, England · RotherhamRead Article

Kittel VAT: How to Control the Uncontrollable - Rotherham Taylor Chartered Accountants

Receiving a Kittel VAT notice is something that many businesses dread. HM Revenue and Customs (HMRC) can demand the repayment of tax already reclaimed, and this can sometimes amount to a significant amount of money. The notice comes when a trader “knew or should have known” their transaction was linked to fraudulent evasion of VAT. This makes it ineligible for a deduction of input tax. Kittel VAT can seem like an ever-present threat hanging over…United Kingdom · United KingdomSee the Story

Increased Borrowing Could Mean Increased Taxes, Experts Warn - Rotherham Taylor Chartered Accountants

Public borrowing hit £20.5 billion in April, the highest level for that month since 1993 and nearly £3 billion above forecast. Economists warn the Chancellor may have little choice but to plug the gap with tax rises, spending cuts or changes to fiscal rules if elevated levels of borrowing persist. While nothing is confirmed, several areas are drawing speculation. Income Tax Extending the Income Tax threshold freeze beyond 2028 could push million…Taxes · EnglandSee the Story

How to Prepare for an Unexpected Economic Recovery - Rotherham Taylor Chartered Accountants

The International Monetary Fund (IMF) has upgraded the UK’s 2025 GDP growth forecast to 1.2 per cent, citing a strong first-quarter performance and signs of a recovering economy. The official figures indicate that increases in customer spending and business investment have contributed to this economic growth. These early signs of recovery present an opportunity to reassess your strategy and position your business for growth. Economic recovery st…IMF · United KingdomSee the Story

Too Many Sole Traders Are Still Missing Out on Their State Pension - Rotherham Taylor Chartered Accountants

How much State Pension you get depends on your National Insurance (NI) record when you reach the State Pension age. Gaps in your NI record could affect how much you receive. Unfortunately, too many sole traders are still missing out on the full State Pension due to a range of factors. Why are National Insurance Contributions important? A full State Pension requires 35 years of NI contributions or credits. Missing even a few years can have a sign…United Kingdom · United KingdomSee the Story

Class 2 NICs – The hidden issue affecting self-employed taxpayers

Recent changes to Class 2 National Insurance contributions (NICs) were meant to simplify things for self-employed taxpayers. Instead, some are facing confusion, incorrect charges, and silence from HM Revenue & Customs (HMRC). The rule change that caused the problem From the 2024/25 tax year, most self-employed individuals no longer needed to pay Class 2 NICs, provided their profits were above £6,725. Instead, HMRC now automatically credits these…United Kingdom · United KingdomSee the Story

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