Updates

HMRC publish guidance on pension savings annual allowances

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If pension savings are more than the annual allowance, unused annual allowances from previous years can be brought forward. The annual allowance is the limit on the amount of pension savings that can be made to all pension schemes in a tax year before tax has to be paid on them. Pension savings over the […]

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Restrictions on “rent-a-room” relief from April 2019

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Currently rent-a-room relief gives relief from income tax for up to £7,500 of gross rental income to individuals who let furnished accommodation in their only or main residence. HMRC propose to restrict the availability of “rent a room” relief to situations where the taxpayer is living in the let property for at least some of […]

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Ask Alexa to contact HMRC for help

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HMRC has launched new and innovative technology to help more than 3 million customers renew their tax credits. HMRC has developed a customer-focused service through Amazon Alexa specifically for those seeking help with their tax credits renewals. Customers with Amazon Alexa-enabled devices can ask Alexa to ‘open HMRC’ and ask for help and information with […]

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First software providers for Making Tax Digital VAT announced

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From April 2019, any VAT registered business with taxable turnover above the registration threshold will be required to submit digital VAT records and make digital returns as part of HMRC’s Making Tax Digital format. Voluntary VAT registered businesses with turnover below the VAT registration threshold will not be required to take this new approach until […]

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Valuing an unlisted business

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If you are looking to sell your business, you will need to know what it is worth. There are various valuation methods however when valuing a business for sale to continue trading, typically a value model is something like this: Expected future annual profit before tax (HMRC require this to be provable by reference to […]

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ShareFile

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.

Clients can log in here:

Email:

Password:



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KashFlow

KashFlow – our online bookkeeping system

KashFlow is an easy to use, no jargon, fully functioning online bookkeeping system.

Clients can log in here:

 

Xero

Xero – online bookkeeping system

We are a Xero Bronze Partner and have fully certified Xero advisers available to help you whenever you need it.

Clients can log in here

Downloads

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.

Bookkeeping Spreadsheet

Bookkeeping Spreadsheet (Simplified)

Dividend Record 2016-17

Dividend Record 2017-18

Mileage Log

Use of Home as Office

When providing us with your monthly payroll information please use the following spreadsheet.

Payroll Template 17-18

CIS Template 17-18

 

Terms and Conditions

 

 

Forms

Forms 

Please use the following forms to send us information:

New Joiners

  • 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.

Registrations

  • 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.

Payroll

  • If you have a new employee joining without a P45 please complete the form here.

Company Accounts

  • To complete our year end questionnaire for your company accounts please click here.

Personal Tax

  • To submit your information relating to your personal tax return for 2017-18 please click here.

 

Tax Figures

Tax Figures (updated January 2017)   
VAT thresholds:2018/192017/182016/17
Registration85,00085,00083,000
Deregistration83,00083,00081,000
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
VAT rate: 20%20%20%
Income tax2018/192017/182016/17
Personal Allowance11,85011,500 11,000
Transferable marriage allowance1,1851,1501,100
Savings rate band5,0005,000 5,000
Savings rate (from 6 April 2016 0% PSA*)0%0%0%
Basic rate band (20%)
34,50033,500 32,000
Start to lose child benefit (from 7/1/13)50,00050,000 50,000
Lose all child benefit above60,00060,000 60,000
Lose personal allowance at100,000100,000 100,000
Additional rate on earnings over (45%)150,000150,000 150,000
Rent a room limit7,500 7,500 7,500
Trading allowance1,0001,000
Property allowance1,0001,000
Employers NI threshold702680671
Optimum annual salary [A]8,4248,160 8,052
Personal allowance + basic rate46,35045,000 43,000
Remaining after deducting [A]37,92636,840 34,948
Net dividends (within basic rate)37,92636,84034,948
Dividend Tax Allowance20005,0005,000
Dividend tax rate basic rate taxpayers7.5%7.5%7.5%
Dividend tax rate higher rate taxpayers32.5%32.5%32.5%
Dividend tax rate additional rate taxpayers38.1%38.1%38.1%
National Insurance2018/192017/182016/17
Employees NI rate12%12%12%
Employers NI rate13.8%13.8%13.8%
Lower earnings limit6,0325,876 5,824
Upper earnings limit46,38445,000 43,000
Primary threshold8,4248,164 8,060
Secondary threshold8,4248,164 8,112
Self employed NI rate9%9%9%
Self employed NI lower limit8,4248,164 8,060
Self employed NI upper limit (2% NI above this)46,35045,000 43,000
Small earnings exemption6,2056,025 5,965
Class 2 (per week)2.952.852.80
Student loan threshold (pre-2012) Plan 117,49517,49517,495
Student loan threshold (post-2012, England and Wales only) Plan 221,00021,00021,000
Student loan rate (pre-2012)9%9%9%
Employment Allowance (deduction from Employers NI)3,0003,000 3,000
Capital Gains Tax2018/192017/182016/17
Capital gains tax annual exemption11,70011,30011,100
Capital gains tax rates (Residential property)18%/28%18%/28%18%/28%
Capital gains tax rates (Other)10%/20%10%/20%10%/20%
PAYE2018/192017/182016/17
Quarterly payments if monthly fee below1,5001,5001,500
Use of home as office employees£4 per week£4 per week£4 per week
Capital Allowances2018/192017/182016/17
AIA limit (£200,000 from 1 January 2016)200,000200,000 200,000
Standard main pool rate18%18%18%
Special rate (integral features and long term)8%8%8%
Small pool write off1,0001,0001,000
Corporation tax rates2018/192017/182016/17
Main rate (18% from 1/4/20)19%19%20%
*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)

 

 

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