Following the budget March 15, 2023, The Chancellor has made the following changes to the pension charge: · Increase the annual allowance exemption from £40,000 to £60,000; · Increase the minimum annual allowance exemption limit from £4,000 to £10,000; · Increase the income level for the tapered annual allowance to apply from £240,000 to £260,000; · Ensure that nobody will face a lifetime allowance charge from April …
Advisory Fuel Rate (AFR)
HMRC has published the latest advisory fuel rates (AFR) for employee using company car, with a further rise in the electric car rate from 1 March 2023. The rate has decreased by between 1p and 3p for all petrol, diesel and LPG engine sizes compare to December 2022 rates. The rate is applicable only in …
Tax and Finance Update – February 2023
In this broadcast, Laurence Slavin reviews how to check your NI Record now (rules changing on 6 April 2023), tax investigations expanding by HMRC, how we can help you with your NHS pension, getting the most out of Xero with Budgetary Reporting, and more….. For an example of our New Pensions Information Report click here and contact …
We’re 2022 Accounting Excellence Award Winners!
We’re 2022 Accounting Excellence Award Winners! We are proud to be included amongst all the winners of the 2022 Accounting Excellence Awards. This is a chance for us to celebrate how far we’ve come! Celebrating Excellence The annual Accounting Excellence Awards celebrates the success of those making great contributions to the accounting and finance profession. …
Tax and Finance Update – July 2022
In this update, Laurence Slavin, discusses the July 2022 Review Body award, and why a 4.5% pay award without extra funding is NOT recommended! Also, Treasury response to request for help with 22/23 Annual Allowance charges, new residence online checker, and more! My name is Lauren Slavin. I’m a partner at Ramsey Brown LLP Chartered …
Finance and Tax Update May 2022
Annual Allowance Horror, Our Pension Report, Basis Period Reform, Fraud, Practice Manager Partner, and more!
Tax and Finance Update April 2022
Updated Regulations for GP earnings, Spouses and Ltd Companies, Claiming Expenses for Employed Clinicians and Staff, Making Tax Digital is coming, and more!
An Exciting New Bespoke Pensions Information Report Service from Ramsay Brown!
Our new report will:– explain your likely pension benefits– explain your options for maximising the lump sum– consider the impact of taking your pension early– calculate the effect of any annual allowance and lifetime allowance charges,– show the impact of the McCloud Judgementand will help identify any errors in your pension record (PCSE have identified …
An Exciting New Bespoke Pensions Information Report Service from Ramsay Brown!Read More
Estimate of Pensionable Profits 2022/23
In this broadcast, Senior Accounts Manager Fiona Nubi, reviews the requirement of all GP Practices to submit Estimate of Pensionable Profits 2022/23.
Year End Tax Planning
In this broadcast, Russell Finn will discuss some basic year end tax planning.
