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NEWS

Explore our blog - you'll discover a selection of useful accounting news articles and all the latest updates from MATCH Accounting.

Extended Loss Carry Back

The events of the last 18 months have impacted all businesses differently. In this blog we look at what happens to those who have made losses in the financial year. New rules were introduced to make the treatment of losses more flexible than the current carry back of 1 year.   The Extended Loss Carry…

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Furlough Scheme Ends 30th September

The Coronavirus Job Retention Scheme (CJRS) closes on 30 September so you’ll need to think about the next steps for your employees and your business.   What should I do when the scheme closes? You’ll need to: bring your employees back to work on their agreed terms and conditions agree any changes to their terms…

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National Insurance contributions and Dividend Tax to rise to pay for health and social care

A 1.25% increase in certain National Insurance Contributions (NICs) was announced by the Prime Minister to help fund health and social care costs from April 2022. The 1.25% health and social care levy will be a separate tax to income tax and national insurance and is expected to raise almost £36bn for health and social…

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Help to Grow: Digital – Grants Available

Help to Grow: Digital is a new UK-wide scheme to help small and medium size businesses (SMEs) adopt digital technologies proven to increase productivity. The scheme will offer free and impartial advice on how technology can help your business. An online platform will help to: identify your digital technology needs assess purchasing options implement new…

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Cryptocurrencies

As the popularity of cryptocurrency as an investments increases, HM Revenue and Customs are starting to react to how this new form of investment will be taxed.   What is a cryptoasset (cryptocurrency)? Cryptoassets are cryptographically secured digital representations of value or contractual rights that can be transferred, stored and traded electronically. There many different…

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Meet The Team – Sara Lambourne-Jones, our Office Manager

It’s been a whole year since we welcomed Sara to the MATCH family! Sara is our Office Manager, a general doer and facilitator (in her own words) and will usually be your first point of contact with us at the Match office. We thought we’d ask her a few questions and share her responses with you,…

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Dext – Handy Tips for Seamless Bookkeeping

If MATCH handles your bookkeeping, read on ahead – otherwise feel free to sit this one out.   What was Dext again? MATCH uses Dext for all our bookkeeping clients. Formerly known as Receipt Bank, this time-saving software automatically extracts data from your invoices, receipts and bank statements whether they are emailed, scanned askew or…

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End Of July Deadlines

Friday 30th July – Xero HSBC Bank Feeds Require Updating   If you use Xero accounting software and have a direct HSBC bank feed, from 30 July these will stop importing transactions. Switch to one of these new HSBC Open Banking feed to continue; these are secure, quick and easy to set up from inside…

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Changes to Furlough / the Coronavirus Job Retention Scheme (CJRS) from August 2021

In August and September, CJRS grants will reduce to cover 60% of employees’ usual wages up to a cap of £1,875.   Employers will need to pay the 20% difference so that you continue to pay your furloughed employees at least 80% of their usual wages for the hours they do not work during this…

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Self-Employed Expenses – What can I claim?

If you’re self-employed, your business will have various running costs. You can deduct some of these costs to work out your taxable profit as long as they’re allowable expenses as per HM Revenue and Customs rules. Your taxable profit is your turnover minus your allowable expenses. You only pay tax on any profit made.  …

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