The subject of classifying food and drink expenditure is a tricky area, not helped by HMRC’s vague guidance on the matter. There are VAT and corporation tax consequences depending on what classification you use so it is important to get it right. Generally, food and drink expenses incurred by a business can be categorised into […]
If related businesses are trading in parallel there is the possibility that HMRC could argue the turnover of each business should contribute to the same VAT registration threshold (£85,000 until at least April 2020) rather than each business separately. This is known as “business aggregation for VAT purposes”. Put simply rules prevent businesses artificially staying […]
The process for administering and agreeing PSA has changed to reduce the burden for employers. From 6 April 2018, a PSA will be agreed between the employer and HMRC and will remain in place for subsequent tax years unless changed or cancelled by the employer or HMRC. This means that employers will no longer have […]
During February 2018, nine out of thirteen cases for personal tax late filing penalties taken to the First Tier Tribunal were found in favour of the tax payer. The majority of these verdicts were given on the basis that the penalties were generated automatically and not by a “flesh and blood” person and therefore did […]
With effect from 6 April 2017, individuals with foreign pension income will be taxed on 100% of the income in the tax year regardless of when they started to receive the pension payments. The 10% foreign pension allowance no longer exists. Further information can be found in HMRC’s Employment Income Manual As with all of […]
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|
Please send us any comments you have about us and our services: