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Rise in Interest Rates Last Week for the first time in more than 10 years, the Bank of England has raised interest rates. The official bank rate has been lifted from 0.25% to 0.5%, the first increase since July 2007 and according to Mark Carney, the Bank of England Governor, it is likely to
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When Must a Business Register for VAT? Businesses in the UK must register for VAT when their taxable turnover exceeds the VAT registration threshold. As of April 2024, the VAT registration threshold increased to £90,000. This means a business must register for VAT if the value of its taxable supplies over the previous 12 months
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Problems with online HMRC tax systems? Taxpayers that are working on their current tax returns and found that they cannot use the HMRC software correctly because of problems within the system. HMRC has spoken to software producers about revising tax calculations to combat the problems with the online filing of tax returns. Which is expected
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Merranti Accounting is now a Platinum Pro-Advisor Partner with QuickBooks What this means for our clients If our clients were to have any queries regarding QuickBooks or its software, then they would be able to get help from our own dedicated account manager. As we have direct contact with this person, we can call or
Read MoreQuick Books are running a new advertising campaign, as we are Quick Books Premium Certified then why not let us help you set this up.
Read MoreAs of the 1st April 2016 all employers will be required, by law, to pay all of their employees over the age of 25 (that are not in the first year of an apprenticeship) a minimum of £7.20 per hour. Anyone employed under the age of 25 will need to be earning their age appropriate minimum
Can you still claim mortgage interest on buy-to-let property? Yes — but the rules have changed significantly. For individual landlords, mortgage interest is no longer deducted as an expense when calculating rental profits. Instead, you receive a basic rate (20%) tax credit. How does mortgage interest relief work now? Since 6 April 2020, the rules
Read MoreMerranti Accounting is proud to announce the renewal of our sponsorship with Edenbridge R.F.C with a new two-year deal. Edenbridge R.FC was established in 1977 and during this time has built a strong reputation both locally and regionally. They are a family friendly and ambitious club adhering to the traditional spirit of rugby. Having recently
Read MoreWe have migrated many of our clients bookkeeping functions from spreadsheets or even non existent systems to online accounting software packages. This has provided the client, accountant and bookkeeper access to live information anytime, anyplace provided they have internet access. This has also given the client access to avast array of reports and management information.
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