As the end of the tax year approaches there are various rules, rates and allowances in place which if used effectively can ensure you are working in the most tax efficient way. This is why we have created a Year End Tax Guide which covers the following topics from personal allowances and reliefs through to penalties and upcoming charges.
As the Self Assessment tax return deadline of 31st January draws closers, we thought it would be important to remind you of remaining vigilant to scammers who imitate HMRC in an attempt to steal the hard-earned money of our contractors. There are many inventive ways in which these scammers work, through multiple channels in an attempt to trick people into a false sense of security. Read on to learn more about what to watch out for.
For those who don't yet know, changes to off-payroll working in the private sector are coming into effect from April 2021. It means the private sector will essentially fall in line with the off-payroll working changes implemented in the public sector back in 2017, minus a few alterations here and there. As changes go, it's almost as big as Sol Campbell's transfer from Spurs to Arsenal in 2001.
At PayStream we are committed to making a difference in our local community through a variety of methods, such as our volunteering incentive which sees PayStream staff taking time out of their working day to support local charities. Our latest volunteer was our Company Formations Lead, Sharon Lemon, who was recently lucky enough to help out at not one but two charities!
On November 30th the Chancellor advised that Government would carry out a review of the IR35 private sector reforms which are due to be rolled-out in April 2020. Today Government have confirmed that the review is taking place and defined the scope of the review.