The Government’s Autumn Budget Day will be on 22 November 2017. There are reports that this may include: A reduction in the annual pension allowance from £40,000 to £30,000 as well as the tapered annual allowance for higher earners being reduced from £150,000 to £120,000. Pension tax relief could be cut for older workers to […]
Note that the following benefits are taxable State Pension Jobseeker’s Allowance Carer’s Allowance Employment and Support Allowance (contribution based) Incapacity Benefit (from the 29th week you get it) Bereavement Allowance Pensions paid by the Industrial Death Benefit scheme Widowed Parent’s Allowance Widow’s pension The following benefits are tax free: Housing Benefit Employment and Support […]
The following income is exempt from UK tax: Income from National Savings (NS & I) Certificates (but interest on a National Savings Account is taxable) Winnings on Premium Bonds. ITTOIA 2005, s.692 Any income from betting, gaming or lotteries Scholarship awards Income from ISAs (individual savings accounts). ITTOIA 2005, s.776; SI 1998/1870 Dividends paid on […]
Good governance is not about making the right decisions but about ensuring there is a good decision-making process used in the business. In a large enterprise, the management board will have a team who are charged with ensuring the firm adheres to the principles of good corporate governance as is expected of a large organisation. […]
ShareFile – secure on-line storage of all documents we prepare for you
All work we prepare for you are stored and accessible 24-7 on our on-line secure ShareFile system (by Citrix).
Please read our introduction to ShareFile here.
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KashFlow – our online bookkeeping system
KashFlow is an easy to use, no jargon, fully functioning online bookkeeping system.
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Xero – online bookkeeping system
We are a Xero Bronze Partner and have fully certified Xero advisers available to help you whenever you need it.
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Downloads. From time to time you may need to download a template document. Here are some of the most commonly requested:
Our bookkeeping spreadsheet is free to use and will suit most simple businesses. If you are not VAT registered and only have one bank account then you can use the simplified version of this spreadsheet.
When providing us with your monthly payroll information please use the following spreadsheet.
Please use the following forms to send us information:
- Please provide your company details by completing the spreadsheet here and returning this to us.
- Please provide your personal details by completing the spreadsheet here and returning this to us.
- New Company – For us to form a company please complete the spreadsheet here and return this to us.
- PAYE Scheme – For us to set up a PAYE scheme please complete the spreadsheet here and return this to us.
- VAT – For us to register you for VAT please complete the spreadsheet here and return this to us.
- If you have a new employee joining without a P45 please complete the form here.
- To complete our year end questionnaire for your company accounts please click here.
- To submit your information relating to your personal tax return for 2016-17 please click here.
|Due Date||Tax||Account period|
|1 October 2017||Corporation Tax payment||Year ended 31 December 2016|
|7 October 2017||VAT payment||Quarter ended 31 August 2017|
|19 October 2017||Payroll (PAYE, NI, CIS) payment||Month ended 5 October 2017|
|1 November 2017||Corporation Tax payment||Year ended 31 January 2017|
|7 November 2017||VAT payment||Quarter ended 30 September 2017|
|19 November 2017||Payroll (PAYE, NI, CIS) payment||Month ended 5 November 2017|
|1 December 2017||Corporation Tax payment||Year ended 28 February 2017|
|7 December 2017||VAT payment||Quarter ended 31 October 2017|
|19 December 2017||Payroll (PAYE, NI, CIS) payment||Month ended 5 December 2017|
|Tax Figures (updated January 2017)|
|Flat rate scheme: Joining (excluding VAT)||150,000||150,000||150,000|
|Flat rate scheme: Leaving (including VAT)||230,000||230,000||230,000|
|Cash accounting: Joining||1,350,000||1,350,000||1,350,000|
|Cash accounting: Leaving||1,600,000||1,600,000||1,600,000|
|Savings rate band||5,000||5,000||5,000|
|Savings rate (from 6 April 2016 0% PSA*)||0%||0%||0%|
|Basic rate band (20%)||33,500||32,000||31,785|
|Start to lose child benefit (from 7/1/13)||50,000||50,000||50,000|
|Lose all child benefit above||60,000||60,000||60,000|
|Lose personal allowance at||100,000||100,000||100,000|
|Additional rate on earnings over (45%)||150,000||150,000||150,000|
|Rent a room limit||7,500||7,500||4,250|
|Employers NI threshold||680||671||671|
|Optimum annual salary [A]||8,160||8,052||8,052|
|Personal allowance + basic rate||45,000||43,000||42,385|
|Remaining after deducting [A]||36,840||34,948||34,333|
|Net dividends (within basic rate)||36,840||34,948||30,900|
|Dividend Tax Allowance||5,000||5,000|
|Dividend tax rate basic rate taxpayers||7.5%||7.5%|
|Dividend tax rate higher rate taxpayers||32.5%||32.5%|
|Dividend tax rate additional rate taxpayers||38.1%||38.1%|
|Employees NI rate||12%||12%||12%|
|Employers NI rate||13.8%||13.8%||13.8%|
|Lower earnings limit||5,876||5,824||5,824|
|Upper earnings limit||45,000||43,000||42,385|
|Self employed NI rate||9%||9%||9%|
|Self employed NI lower limit||8,164||8,060||8,060|
|Self employed NI upper limit (2% NI above this)||45,000||43,000||42,385|
|Small earnings exemption||6,025||5,965||5,965|
|Class 2 (per week)||2.85||2.80||2.80|
|Student loan threshold (pre-2012) Plan 1||17,495||17,495||17,335|
|Student loan threshold (post-2012, England and Wales only) Plan 2||21,000||21,000|
|Student loan rate (pre-2012)||9%||9%||9%|
|Employment Allowance (deduction from Employers NI)||3,000||3,000||2,000|
|Capital Gains Tax||2017/18||2016/17||2015/16|
|Capital gains tax annual exemption||11,300||11,100||11,100|
|Capital gains tax rates (Residential property)||18%/28%||18%/28%||18%/28%|
|Capital gains tax rates (Other)||10%/20%||10%/20%||10%/18%/28%|
|Quarterly payments if monthly fee below||1,500||1,500||1,500|
|Use of home as office employees||£4 per week||£4 per week||£4 per week|
|AIA limit (£200,000 from 1 January 2016)||200,000||200,000||500,000|
|Standard main pool rate||18%||18%||18%|
|Special rate (integral features and long term)||8%||8%||8%|
|Small pool write off||1,000||1,000||1,000|
|Corporation tax rates||2017/18||2016/17||2015/16|
|Main rate (18% from 1/4/20)||19%||20%||20%|
|Small company rate (ended from 1/4/15)||NLA||NLA||NLA|
|*Personal Savings Allowance (PSA) 0% tax on savings income up to £1,000 (£500 higher rate tax payers)|
|From 6 April 2015 trivial benefits up to £50 not taxable (cap of £300pa for officers and their family)|
|Fuel type||From 1 September 2017|
|Petrol 1,400cc or less||11p|
|Petrol 1,401cc to 2,000cc||13p|
|Petrol over 2,000cc||21p|
|Diesel 1,600cc or less||9p|
|Diesel 1,601cc to 2,000cc||11p|
|Diesel over 2,000cc||12p|
|LPG 1,400cc or less||7p|
|LPG 1,401cc to 2,000cc||8p|
|LPG over 2,000cc||13p|
|HMRC Online Services||Log In|
|Companies House Service - Lookup company information and download documents||https://beta.companieshouse.gov.uk/|
|Community Interest Company Regulator||https://www.gov.uk/government/organisations/office-of-the-regulator-of-community-interest-companies|
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