Updates

Fixed rate mileage

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The following rates can used for fixed rate mileage: Car or van               First 10,000 business miles 45p Additional business miles 25p (remains 45p for national insurance purposes only) Motorcycles 24p Bicycles 20p Passenger payments 5p (all per mile) Note that these rates cover fuel, insurance, services, repairs, MOT, road tax, and car depreciation. […]

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IR35 in the Private Sector

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The government are undertaking a consultation on shifting the burden in IR35 cases to private sector employers in the same way as has already been done for employers in the public sector. Please see our previous blog about shifting IR35 to public sector bodies here. As with all of our tax tips and web pages […]

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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 2016-17 please click here.

Tax Diary

Due DateTaxAccount period
1 January 2018Corporation Tax paymentYear ended 31 March 2017
7 January 2018VAT paymentQuarter ended 30 November 2017
19 January 2018Payroll (PAYE, NI, CIS) paymentMonth ended 5 January 2018
1 February 2018Corporation Tax paymentYear ended 30 April 2017
7 February 2018VAT paymentQuarter ended 31 December 2017
19 February 2018Payroll (PAYE, NI, CIS) paymentMonth ended 31 January 2018
1 March 2018Corporation Tax paymentYear ended 31 May 2017
7 March 2018VAT paymentQuarter ended 31 January 2018
19 March 2018Payroll (PAYE, NI, CIS) paymentMonth ended 5 February 2018

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%)
33,50033,500 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 rate45,35045,000 43,000
Remaining after deducting [A]36,92636,840 34,948
Net dividends (within basic rate)36,92636,84034,948
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)

Fuel Rates

Fuel typeFrom 1 December 2017
Petrol 1,400cc or less11p
Petrol 1,401cc to 2,000cc14p
Petrol over 2,000cc21p
Diesel 1,600cc or less9p
Diesel 1,601cc to 2,000cc11p
Diesel over 2,000cc13p
LPG 1,400cc or less7p
LPG 1,401cc to 2,000cc9p
LPG over 2,000cc14p

 

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