Personal Tax Events Deadline for submission of 2016/17 self assessment returns if you require HMRC to compute your tax liability and/or if tax underpaid is to be collected by adjustment to your 2018/19 PAYE code. This deadline is only relevant for those individuals who complete a 'paper' self assessment tax return and who are employees.… Continue reading The following Tax Events are due on 31st October 2017
What is the VAT cash accounting scheme? The VAT cash accounting scheme is a useful tool for many small businesses, as you only pay the VAT on your sales to HMRC once you have received payment yourself. However, you may only reclaim VAT on your purchases from HMRC when payment of the invoice has been… Continue reading What is the VAT cash accounting scheme?
The following Tax Events are due on 31st October 2017: Personal Tax Events Deadline for submission of 2016/17 self assessment returns if you require HMRC to compute your tax liability and/or if tax underpaid is to be collected by adjustment to your 2018/19 PAYE code. This deadline is only relevant for those individuals who complete… Continue reading Tax Event Due 31st October 2017
HMRC's form SA302 is a tax calculation produced when you have filed your Self-Assessment Tax Return online. It is a calculation for a particular tax year showing your income, your tax allowances, the amount of tax you’ve already paid and what tax, if any, you still owe or which should be repaid to you. If… Continue reading Applying for a Mortgage? SA302’s are no more. A Tax overview is what you need.
Throw back Thursday to this blog. It’s still very relevant! Get in touch if your affected.
No one wants to pay more tax, but from 6th April 2016, individuals who receive dividends will be taxed under new legislation. To explain how much this new measure could cost you we have created a short helpful video.
Please visit our YouTube channel here to watch.
Having viewed the video, if you would like to know how this will personally affect you in January 2018, please click here.
We all know that there are a few things we need to consider before buying a new car. These are some common questions which are asked by clients (hopefully before they go ahead and make that major purchase): “Should I purchase a car through my business or should I use my own car for business… Continue reading New Vehicle Tax Rates April 2017
The following Tax Events are due on 19th October 2017: Business Tax Events PAYE quarterly payments are due for small employers for the pay periods 6th July 2017 to 5th October 2017. This deadline is relevant to small employers only. As a small employer with income tax, national insurance and student loan deductions of less… Continue reading Tax Events are due on 19th October 2017
I must admit that for most of my career to date I didn’t really think much about maternity leave and pay. While training to be an accountant, just getting on with the job (apologies if that sounded a little like Theresa May!), it wasn’t really on my radar. There did however come a point when… Continue reading MATERNITY LEAVE AND PAY