Your Accounts Team

06/11/2023

16/07/2023

If anyone is interested and would love to help please contact me or Indian Futures.

06/12/2018

10/07/2018

02/04/2015

One more day before the Easter break. Can not wait!

I must start the jobs that I don't want to start first. Otherwise I'll be working late and really don't want that.

Any planning tips?

31/03/2015

Penalties:

HMRC charges late filing penalties for PAYE, VAT and corporation tax.

At Companies House penalty rates range from £150 for a private company filing the accounts not more than 1 month late up to
£7,500 for a public company filing accounts more than 6 months
late.

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30/03/2015

Penalties:

Miss the first income tax return filing deadline and the next day
you are liable for a £100 fine. Leave for another 3 months and the
maximum penalty rises by £10 a day up to a maximum of £900.

After 6 months a further £300 or 5% of the tax due, whichever is the higher, is added. In some serious cases the penalty can be even higher than this.

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27/03/2015

Landlord’s Energy Saving Allowance (LESA) is available until April
2015. Under the rules, qualifying expenditure of up to £1,500 per dwelling is tax deductible.

Expenditure which qualifies for this deduction from rental income includes loft insulation, cavity wall insulation, solid wall insulation, draft proofing, hot water insulation and floor insulation.

Planning pointers:
LESA is only available to landlords letting residential as opposed to
holiday accommodation.

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27/03/2015

What a lovely sunny day! How do you get motivated on days like this?

I find it so hard, when I see the sun shining!

26/03/2015

corporation tax:

The rate of tax payable depends on the size of the profits. For the
financial year from 1 April 2014, taxable profits of up to £300,000 are taxed at a rate of 20%, the next tranche at 21.25% and over
£1.5 million at 21%.

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25/03/2015

Why can you never find simple links on the HMRC website?

Here is the link if you want to register for new services such as VAT/PAYE/CT/Self Assessment

https://online.hmrc.gov.uk/registration/newbusiness/business-allowed

If you need any other links, please let me know?

25/03/2015

Business deductions:

Business owners are entitled to claim deductions from income
for costs which are incurred wholly and exclusively in running
the business.

Pointers:
Directors’ bonuses can be claimed so long as they are
paid within 9 months after the company year-end but pension
contributions must be paid before the year-end to get tax relief in
the accounting period.

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