Updates

Grow your business – Part 10 – APPLY THE LATEST TECHNOLOGY

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Technology is a major driver of business profits. Here is a list of innovations you may want to implement in your business: 1. Document management systems (going paperless) 2. Electronic workflow 3. Multiple monitors 4. Portals 5. “Cloud” computing 6. Customer relationship management (CRM) software There are significant benefits to going paperless: Increase in productivity […]

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PAYE tax codes

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From 6 April 2017 HMRC will be updating tax codes on a much more regular basis.  For some employees this could mean a new tax code every month.  The aim of this change is to ensure employees pay the correct tax, or benefit from tax relief and refunds, during the tax year. If we prepare […]

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Working in the “GIG” economy

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The House of Commons Work and Pensions Committee has recently published a report calling on the Government to close the loopholes that allow “bogus” self-employment practices, which burden the welfare state but reduce the tax contributions needed to sustain it. This follows the Matthew Taylor inquiry which took evidence during February and March 2017 from […]

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Thinking of winding up your company?

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Up until 6 April last year, the distribution of cash to shareholders on the winding up of a trading company by a liquidator, was usually taxed as a capital gain, potentially taxed at just 10% with the benefit of entrepreneurs’ relief. However, last year’s Finance Act introduced a targeted anti-avoidance rule that may tax such […]

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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:



Forgot your password?

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 September 2017Corporation Tax paymentYear ended 30 November 2016
7 September 2017VAT paymentQuarter ended 31 July 2017
19 September 2017Payroll (PAYE, NI, CIS) paymentMonth ended 5 September 2017
1 October 2017Corporation Tax paymentYear ended 31 December 2016
7 October 2017VAT paymentQuarter ended 31 August 2017
19 October 2017Payroll (PAYE, NI, CIS) paymentMonth ended 5 October 2017
1 November 2017Corporation Tax paymentYear ended 31 January 2017
7 November 2017VAT paymentQuarter ended 30 September 2017
19 November 2017Payroll (PAYE, NI, CIS) paymentMonth ended 5 November 2017

Tax Figures

Tax Figures (updated January 2017)   
VAT thresholds:2017/182016/172015/16
Registration85,00083,000 82,000
Deregistration83,00081,000 80,000
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 tax2017/182016/172015/16
Personal Allowance11,500 11,000 10,600
Savings rate band5,000 5,000 5,000
Savings rate (from 6 April 2016 0% PSA*)0%0%0%
Basic rate band (20%)
33,500 32,000 31,785
Start to lose child benefit (from 7/1/13)50,000 50,000 50,000
Lose all child benefit above60,000 60,000 60,000
Lose personal allowance at100,000 100,000 100,000
Additional rate on earnings over (45%)150,000 150,000 150,000
Rent a room limit 7,500 7,500 4,250
Employers NI threshold680671671
Optimum annual salary [A]8,160 8,052 8,052
Personal allowance + basic rate45,000 43,000 42,385
Remaining after deducting [A]36,840 34,948 34,333
Net dividends (within basic rate)36,84034,948 30,900
Dividend Tax Allowance5,0005,000
Dividend tax rate basic rate taxpayers7.5%7.5%
Dividend tax rate higher rate taxpayers32.5%32.5%
Dividend tax rate additional rate taxpayers38.1%38.1%
National Insurance2017/182016/172015/16
Employees NI rate12%12%12%
Employers NI rate13.8%13.8%13.8%
Lower earnings limit5,876 5,824 5,824
Upper earnings limit45,000 43,000 42,385
Primary threshold8,164 8,060 8,060
Secondary threshold8,164 8,112 8,112
Self employed NI rate9%9%9%
Self employed NI lower limit8,164 8,060 8,060
Self employed NI upper limit (2% NI above this)45,000 43,000 42,385
Small earnings exemption6,025 5,965 5,965
Class 2 (per week)2.852.802.80
Student loan threshold (pre-2012) Plan 117,49517,495 17,335
Student loan threshold (post-2012, England and Wales only) Plan 221,00021,000
Student loan rate (pre-2012)9%9%9%
Employment Allowance (deduction from Employers NI)3,000 3,000 2,000
Capital Gains Tax2017/182016/172015/16
Capital gains tax annual exemption11,10011,100 11,100
Capital gains tax rates (Residential property)18%/28%18%/28%18%/28%
Capital gains tax rates (Other)10%/20%10%/20%10%/18%/28%
PAYE2017/182016/172015/16
Quarterly payments if monthly fee below1,5001,500 1,500
Use of home as office employees£4 per week£4 per week£4 per week
Capital Allowances2017/182016/172015/16
AIA limit (£200,000 from 1 January 2016)200,000 200,000 500,000
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 rates2017/182016/172015/16
Main rate (18% from 1/4/20)19%20%20%
Small company rate (ended from 1/4/15)NLANLANLA
*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 September 2017
Petrol 1,400cc or less11p
Petrol 1,401cc to 2,000cc13p
Petrol over 2,000cc21p
Diesel 1,600cc or less9p
Diesel 1,601cc to 2,000cc11p
Diesel over 2,000cc12p
LPG 1,400cc or less7p
LPG 1,401cc to 2,000cc8p
LPG over 2,000cc13p

 

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