Autumn 2021 Newsletter

by Michael Blaken

Published on 21st October 2021

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 We look at what the future holds now Government Covid support has largely been withdrawn, the proposed National Insurance increase, and we have some important information if you’re in self-assessment.

National Insurance rise and a new levy

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.

End of Covid support: what does this mean for the economy?

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.

In self-assessment? Making Tax Digital is on its way

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.

Getting onto the property ladder?

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.

We are recruiting

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.

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