Last night the Chancellor stood in 10 Downing Street and announced some new support for small businesses. At this point in time, we still do not understand the detail of the various measures that have been announced – rest assured we will update you as soon as things become clearer. They can be summarised as… […]
About Lisa Compton
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Entries by Lisa Compton
Hello In light of the ever-changing situation around Covid-19, we wanted to share with you what support and help there is available. Apologies for the general nature of this email but we wanted to get something out before talking to you on an individual basis. Liric Support… Firstly, we created some capacity within the team […]
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At LIRIC we are constantly looking for ways we can improve the service we offer our customers and we are proud to announce the launch of our brand new LIRIC App. It’s completely free of charge and it’s available for iPhones, iPads and Android devices. So the next time you need to look up […]
The Chancellor’s 2017 Budget contained some important announcements and confirmed a number of changes planned for the new tax year. There was both good and bad news for sole traders and small businesses in today’s Budget. Following this, we have put together a review which contains the latest tax and financial information, which we trust […]
Following last years Autumn Statement, the government have issued their draft legislation detailing the changes to the Flat Rate Scheme (FRS). These will come into effect on 1 April 2017. If you are using the Flat Rate scheme for calculating your VAT it’s really important that you read the following information. We will also be […]
HMRC will not be issuing paper statements and payslips to self-assessment taxpayers to remind them of the 31 January 2016 filing and payment date unless the taxpayer has filed their 2014/15 tax return by 31 December 2015, and has not opted for digital only communications from HMRC. HMRC will not be issuing paper SA reminders […]
From April 2016 the new Personal Savings Allowance (PSA) will start. The PSA will apply to all non-ISA cash savings and current accounts, and will allow some savers to receive a generous portion of their interest totally free of tax. It’s expected that 95% of savings will no longer be taxed. Basic rate taxpayers will […]