Rodolfo Basilio No Comments

‘HMRC’ tax refund fraud: beware of phishing emails

Fake ‘HMRC’ tax refund emails are once again flooding inboxes. We’ll show you how to spot a fake tax rebate email.

According to Wikipedia, “Phishing is the attempt to obtain sensitive information such as usernames, passwords, and credit card details (and money), often for malicious reasons, by disguising as a trustworthy entity in an electronic communication“.

And the time when bogus emails were poorly designed and easily spotted is coming to an end. In a tax rebate scam spotted by our Senior Accountant in early March 2018, not only the letter attached is almost free of the common silly mistakes, but a website created as an almost perfect copy of the HMRC is jaw dropping.

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Rodolfo Basilio No Comments

Updated Spring Budget 2017 – Self-employed will no longer pay the bill. Small Business owners will.

On 8th March 2017, Philip Hammond, the Chancellor of Exchequer delivered his first and last Spring Budget (as from next year the Government will only delivery one Budget per year and it will delivered in the autumn season).

The Spring Budget was very short in comparison with previous ones with only 28 main announcements. Philip Hammond ripped up a Conservative manifesto (delivered by David Cameron in 2015) which promised not to increase taxes such as national insurance, income tax and VAT for the next 5 years and hit 2.5million self-employed with an increase in National Insurance Contribution (NIC 4) from 9% to 11% in the next two years (even though the fixed national insurance contribution class 2 will be scrapped). However, on 15/03/2017 Mr Philip Hammond has scrapped the proposed increased in National Insurance Contribution Class 4 for all self-employed individuals. Read more