Amy Chapman

Adviser in the Property & Construction team at @OldMillAFP, helping clients with accounts, tax & the Construction Industry Scheme (CIS).

[Old Mill @OldMillAFP]

What key highlights came out of #SpringBudget2023?

[Old Mill @OldMillAFP]

Are you a landlord? Check out @OMAmyChapman's advice following legal and taxation changes in the residential sector. https://t.co/n7I5UUQWN0

[Chris Bowles @Chrissy_B68]

@OldMillAFP joint Mendips #property event with Chubb Bulleid, with Copper and Tanner speaking too. Very informative with some key tips to consider. Take advice from the experts and take it early! @OMAmyChapman #tax #accounting

[Amy Chapman @OMAmyChapman]

There's still time to book your place at next week's Property Update in Glastonbury! Follow the link below if you'd like to come along and listen to some great speakers from @OldMillAFP, Cooper & Tanner and Chubb Bulleid.
#property #development #land

https://t.co/FjldGR0jFP

[Old Mill @OldMillAFP]

Come and join us for breakfast to meet some like-minded business owners and professionals as well as hearing what our experts have to say on growing your business in turbulent times.

https://t.co/bZBrYiW8WR

[Old Mill @OldMillAFP]

If you're thinking about gifting to charities, alongside the positive impact your gift will have, you may be able to claim some tax reliefs. Chartered Financial Planner, Jon Orchard, looks at both the personal and tax benefits of gifting.

https://t.co/qYDbdXcnIa

[Amy Chapman @OMAmyChapman]

It's still good to get your self-assessment tax return filed as soon as possible, so you can plan for the tax payment - interest will still accrue from 1 February #tax #selfassessment #selfemployed

[Rishi Sunak @RishiSunak]

We recognise the pressure faced this year by Self Assessment taxpayers.

These penalty waivers give taxpayers who need it more time to complete and file their return online and pay the tax due without worrying about receiving a penalty.

[Amy Chapman @OMAmyChapman]

Did you know that for small companies, the interaction between CIS and IR35 can lead to a double tax effect? There are ways to reduce pressure on your cash flow though. Read about it here; https://t.co/S9fgvAGyRx

[Amy Chapman @OMAmyChapman]

The requirements for SEISS grants have been getting progressively tighter - the new turnover test affects the amount of grant receivable which could be confusing.

It's worth speaking to your accountant if you have any queries or concerns about this.

[Old Mill @OldMillAFP]

If you're #selfemployed and looking to make use of the fifth and final SEISS grant, Chris Bowles gives guidance on the application process and what's become known as the 'turnover' test.

https://t.co/mE082hMQHh

[Amy Chapman @OMAmyChapman]

The changes to the CIS which I outlined in my post a few months ago have now been implemented.

If you operate within the CIS it's worth checking that you know how these may affect you...

https://t.co/wmve471oy7

#constructionindustry #tax

[Amy Chapman @OMAmyChapman]

The 4th Self-Employed grant is due to be available later this month. It's now available to the newly self-employed who submitted a 2019/20 tax return before 3 March, but there are some additional criteria to claim. You can read more about it here >>> https://t.co/GnT5Sim2od

[Old Mill @OldMillAFP]

If you're newly #selfemployed and seeking financial support from the Government, we've put together two articles to help you understand the claims process, with some thoughts from Chris Bowles, who's a director in our OMB team (see thread🔽)

#SEISS #governmentsupport

[Isobelle Bristol @OMIsobelleB]

Really interesting budget announced by the Chancellor yesterday, corporation tax rises for larger limited companies as well as more support for businesses affected by Covid-19. Read more in @OldMillAFP's summary.....

https://t.co/NLKc5beeQn

[Dan Heal @DanHeal1]

Clearly a #Budget2021 to drive investment hard, #superdeduction on spending and higher rate #corporationtax for profits over 250k. Time to push on if you can!

[Amy Chapman @OMAmyChapman]

It's been a flat rate since 2015 so this is a huge change

[Old Mill @OldMillAFP]

Corporation Tax paid on company profits will increase from 19% to 25% from April 2023. Companies with profits under £50,000 will remain at 19%. #Budget2021

[HM Treasury @hmtreasury]

A tapered extension of the stamp duty holiday until 30 September, helping more people to purchase their homes before the deadline and supporting jobs. #Budget2021 #PlanForJobs

[Old Mill @OldMillAFP]

Join Jolyon Stonehouse & @insiderswest panel of experts as we dissect what’s being anticipated to be one of the most impactful budgets in recent times in our live discussion on Wednesday 3 March at 2.30pm. Register your place here -> https://t.co/KdxZBJE6Fy

#Insiderbudget21

[Amy Chapman @OMAmyChapman]

Great news to have a bit of breathing space in this exceptional tax season.

[HM Revenue & Customs @HMRCgovuk]

Self Assessment customers are encouraged to complete their tax return by 31 January. However, if that is not possible, they will not be charged a late filing penalty if they do it by 28 February. Do your return here 👇

https://t.co/x6oFbSt8u8

[Old Mill @OldMillAFP]

A week to go... have you booked? https://t.co/7kdK9RXWUR

Old Mill & Barclays bring you a webinar on Thurs (28 Jan) at 8.30am exploring the road to recovery for businesses in 2021 incl examples of how local businesses are fighting back, succeeding & what we can learn from them.

[Amy Chapman @OMAmyChapman]

Potentially good news, but business owners should remain cautious per Chris Bowles' article here https://t.co/gm7qvHqPv2

[BBC Business @BBCBusiness]

Tens of thousands of small businesses set to receive insurance payouts covering losses in the first national lockdown, following Supreme Court ruling https://t.co/I8WO5zWxP0