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 […]
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 […]
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 […]
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 […]
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 […]
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
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|
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