Tax changes in 2017 benefits

It is already 2017! Most of us will be thinking what this year will bring to us. We don’t have all the answers but we definitely do know about accounts and tax. Here are some of the most important tax changes that 2017 bring to us: Personal Allowance This change from £10,600 to £11,000 is…

Do i need to file a Tax Return?

It’s already Christmas week. While most of us will be thinking about presents, Secret Santa’s, Panettone and Christmas parties, your accountant will be busy with file a tax return.   We are giving you some help and advice for next upcoming tax return deadline on PAYE tax code online by 30 December. Don’t be all…

Payroll Requirements for employees

Are you aware of the current payroll requirements and schemes being offered by HMRC?   HMRC Payroll Requirements   HMRC have a Real Time Information (RTI) requirement in place.  This means that businesses must submit employee PAYE, NIC and Student Loans information to HMRC at the time of issuing actual employee payments (and not at…

VAT flat rate scheme

Does your business earn less than £150,000 per year (excluding VAT)? If the answer is yes, you may be eligible for the government’s VAT flat rate scheme .   This lower VAT rate varies according to the industry that you are in.  This scheme is entirely optional.  Read on to find out more. As part of the…