Updates

Pensions: how does tax relief work?

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An individual makes their pension contributions out of their taxed and NIC’d income. Most individual pension contributions are made “net of tax”.  The pension scheme will then gross up the payment by claiming 20% tax relief from the government.  So for £80 contributed by the individual, the scheme also gets £20 from government, giving a […]

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Southern Western Railway has backtracked on its decision to not allow passengers to use reusable cups

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The company faced backlash after it emerged that passengers wanting to fill their own reusable cups with hot drinks bought on board were being denied. A spokesperson for the rail operator has confirmed the change in policy, which they say reflects their “ongoing commitment to manage our environmental impact”. Around 2.5 billion disposable cups are […]

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How you treat your employees will determine the fate of your company

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Business magnate Richard Branson, founder of the Virgin Group, believes that employers should put their employees before their clients. “Clients do not come first. Employees come first. If you take care of your employees, they will take care of the clients. Most businesses put customers first while employees are just secondary. Employees are the branches […]

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Post-employment notice pay (PENP)

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Post-employment notice pay (PENP) is a concept that was introduced in legislation from 6 April 2018.  This effects whether payments at the end of an employment fall within the £30,000 tax free amount.  Prior to these new rule payments in lieu of notice (PILONs) could be tax free if non contractual.  Now, any element that […]

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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

Please see our factsheet for a range of freely available Xero training videos.

 

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 2017-18

Dividend Record 2018-19

Mileage Log

Use of Home as Office

Use of home licence agreement (joint tenant)

Use of home licence agreement (joint owner)

Use of home licence agreement (sole tenant)

Use of home licence agreement (sole owner)

 

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

Payroll Template 18-19

CIS Template 18-19

 

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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