Welcome to Optimum’s autumn newsletter. We look at what the future holds now Government Covid support has largely been withdrawn, the proposed National Insurance increase, and we have some important information if you’re in self-assessment.
Businesses, employed people and pensioners who are still working will pay more tax, after the Government announced its plans to boost funds for the NHS and increase spending on social care. It is being funded by an increase in National Insurance and the introduction of the new Health and Social Care Levy. More details here.
The start of October was a watershed moment in terms of Covid support: the furlough scheme ended and the Stamp Duty Land Tax holiday was over. Read our thoughts on what this might mean for the future.
Plans to introduce Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) have been put back to 2024, but that will soon come around. Find out more details here, and assess whether you are likely to be affected.
If you are in elf-assessment, our message is to file your tax return early, and don’t wait until January. That way, you avoid any nasty surprises. More here.
If you, or someone you know, is house-hunting for the first time, then it can be a daunting prospect. To give you a helping hand, our conveyancing team at Optimum have come up with a handy checklist of questions all first-time buyers should be asking. Read more here.
Our business is growing, and this means we have a number of vacancies at Optimum for new roles. We are looking for a conveyancing manager, a bookkeeper, an accountant and a tax assistant. If you know of anyone who might be interested, they can find all the details on our website.
We hope you find our quarterly newsletter useful. If you would like to read it in a pdf format, or you may even wish to print it out to peruse over a cup of coffee, we also have a downloadable version here.
