When is my tax return due?

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Each month Ali Redwood of Tax Assist Accountants in Portishead answers some of your business and accountancy related questions. Q: I started my business in the summer, should I have completed a tax return this January? A: No, you won’t need to complete a self-assessment tax return until 31st January 2019 as you started your business and [….]

General Data Protection Regulation (GDPR)

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Every month McManus Williams Limited answers some of your business and accountancy related questions. If you’re in business and you haven’t yet heard of GDPR, the new EU directive on data protection, then keep reading… The legislation takes effect from the 25th May 2018 and before you all shout, “Ah! But we’re leaving the EU!” [….]

P.A.Y.E and Auto Enrolment Pension Changes

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The personal allowance increases to £11,850 for the 2018/19 tax year. The National Minimum increases from the current £7.05 to £7.38 for 21-24’s, while the Living Wage increases from the current £7.50 to £7.83 (25yrs and over) from 1st April 2018. Pension contributions increase from the current minimum total contribution of 2% of qualifying earnings [….]

Can I pay my tax bill by credit card?

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Each month Ali Redwood of Tax Assist Accountants in Portishead answers some of your business and accountancy related questions. www.taxassist.co.uk/portishead Q: I would like to settle my tax bill soon but money is tight and I don’t think I’m going to pay it in full. Can I pay it by credit card? A: Yes you can pay HM [….]

Sole trader or incorporated

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Every month, Leon Savage, Practice Manager at Dury & Co Accountants will be providing accountancy advice. www.ardury.co.uk We are often asked by our clients “Would I be better being a Limited Company?” We look at the current changes to tax and from April 2018, the £5,000 tax-free dividend allowance is reducing from £5,000 to £2,000. Does [….]

When the Inspector comes to visit…

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Every month McManus Williams Limited answers some of your business and accountancy related questions. www.mcmanuswilliams.co.uk I’ve met quite a few tax inspectors over the years and I have to say, to a person they have been absolutely lovely people. Let’s face it, it’s a tough gig, but in my experience they are hard working, conscientious, pragmatic [….]