From April 2016 rules were introduced to allow employers to provide their directors and employees with certain “trivial” benefits in kind tax free.The rules were brought in as a simplification measure so that certain benefits in kind do not now need to be reported to HMRC as well as being tax free for the employee. […]
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 […]
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 […]
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 […]
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 […]
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:
KashFlow – our online bookkeeping system
KashFlow is an easy to use, no jargon, fully functioning online bookkeeping system.
Clients can log in here:
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. 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 2017-18 please click here.
|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|
|Transferable marriage allowance||1,185||1,150||1,100|
|Savings rate band||5,000||5,000||5,000|
|Savings rate (from 6 April 2016 0% PSA*)||0%||0%||0%|
|Basic rate band (20%)||34,500||33,500||32,000|
|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||7,500|
|Employers NI threshold||702||680||671|
|Optimum annual salary [A]||8,424||8,160||8,052|
|Personal allowance + basic rate||46,350||45,000||43,000|
|Remaining after deducting [A]||37,926||36,840||34,948|
|Net dividends (within basic rate)||37,926||36,840||34,948|
|Dividend Tax Allowance||2000||5,000||5,000|
|Dividend tax rate basic rate taxpayers||7.5%||7.5%||7.5%|
|Dividend tax rate higher rate taxpayers||32.5%||32.5%||32.5%|
|Dividend tax rate additional rate taxpayers||38.1%||38.1%||38.1%|
|Employees NI rate||12%||12%||12%|
|Employers NI rate||13.8%||13.8%||13.8%|
|Lower earnings limit||6,032||5,876||5,824|
|Upper earnings limit||46,384||45,000||43,000|
|Self employed NI rate||9%||9%||9%|
|Self employed NI lower limit||8,424||8,164||8,060|
|Self employed NI upper limit (2% NI above this)||46,350||45,000||43,000|
|Small earnings exemption||6,205||6,025||5,965|
|Class 2 (per week)||2.95||2.85||2.80|
|Student loan threshold (pre-2012) Plan 1||17,495||17,495||17,495|
|Student loan threshold (post-2012, England and Wales only) Plan 2||21,000||21,000||21,000|
|Student loan rate (pre-2012)||9%||9%||9%|
|Employment Allowance (deduction from Employers NI)||3,000||3,000||3,000|
|Capital Gains Tax||2018/19||2017/18||2016/17|
|Capital gains tax annual exemption||11,700||11,300||11,100|
|Capital gains tax rates (Residential property)||18%/28%||18%/28%||18%/28%|
|Capital gains tax rates (Other)||10%/20%||10%/20%||10%/20%|
|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||200,000|
|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||2018/19||2017/18||2016/17|
|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)|
|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|
Please send us any comments you have about us and our services: