Tax, accountancy and business support for the small and medium sized business

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IMPORTANT DATES

Coronavirus Business Update

Coronavirus has created challenging conditions for everyone with some news sources saying coronavirus has delivered the sharpest and deepest economic shock in history. In the UK we are not immune to these challenges.

We have prepared our latest news letter to help you understand what assistance is currently available to help UK individuals and businesses cope with the downturn.

The situation is evolving

very quickly so we expect further updates from HMRC in the upcoming days and will continue to keep you well-informed.

Tax rates and allowances change each year. Click here for the current rates.

Tax rates and allowances

NEWS

Getting customers to pay on time can be difficult. Here are our tips to help you manage late payment.

Getting paid on time

HOW TO...

FAQ

New era of cash-based reporting introduced April 2017

Cash-based reporting is intended to allow sole traders and partnerships to declare their taxable profits in a simplified way. Trading activities can be declared based on receipts and payments actually made in an accounting period, in contrast to accruals-based reporting which is really intended for larger businesses.

Businesses with a turnover below £150,000 may use the simplified reporting scheme, and can remain in it until their turnover exceeds £300,000 per annum.

Pound coins

Contact us for help or more information

Contact

Every business should keep accurate records so what’s the best way to do it?

Choosing software

What is involved in paying employees and how much holiday pay are they entitled to?

Paying employees

Looking for friendly tax advice and assistance from a local accountant? Contact us now

Register for Self Assessment if you are  newly self-employed or have to file a Tax Return for another reason.

Register for Self Assessment

5 October 2020

Deadline for filing 2020 Tax Returns online. Returns dated after 31 October 2020 may be filed later.

2017 Tax Return filing deadline

31 January 2020

Deadline for filing 2020 Tax Returns if less than £3000 tax due which is to be collected through 2021-22 PAYE.

For SA tax collected by PAYE

31 December 2020

Deadline for filing paper 2020 Tax Returns. Electronic Returns filed online have untiil January 2018.

2017 Tax Return filing deadline

31 October 2020

News Letter