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Increase in Personal Allowances
As from 6th April 2014 there will be an increase in personal allowances to £10,000 per annum for all employees born after 5th April 1948. At the same time the basic rate limit will be reduced to £31,865. Please make a note of this if you process your own payroll. If you have any queries, please do [...]
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CORPORATION TAX REDUCTION
The Chancellor has stated that from 1st April 2014 the main rate of Corporation Tax will be reduced to 21% and will then be further reduced from 1st April 2015 and amalgamated with the small profits rate. This will then give a new joint rate of 20%.
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Real Time Information
Now is the time for RTI readiness! Accurate information is the key – always keep your employee data up to date. If you are not up to speed on this, contact CJS Accounting on tel: 01582 432227 for more information and assistance. We’re always keen to help!
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As The Budget approaches, Britain’s biggest building society has urged the Government to change the rules regarding cash ISAs. Currently, savers can only place half of their annual ISA allowance into cash ISAs, with the remainder having to be invested in stocks and shares. The Nationwide argue that by granting all of the allowance to [...]
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George Osborne Expected to Pave the Way for Growth
With the 2013 budget just around the corner, George Osborne is expected to pave the way for growth by cutting tax for businesses. The Chancellor hit back after the loss of the country’s prized AAA credit rating amid worries about weak growth and rising levels of debt. Mr Osborne said Moody’s, the ratings agency which [...]
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National Insurance Contribution Holiday Extension?
The FSB has called for all micro businesses to be granted inclusion into The National Insurance Contribution (NIC) holiday Scheme which was launched in 2010. The scheme currently exempts start-up firms outside London, the south east and east of England from paying NICs for up to ten new employees. In a submission to the [...]
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Only 2 weeks to go – Self Assessment deadline
Self Assessment deadline – don’t be late! Although the deadline for filing your paper tax return has passed, you still have time to avoid a penalty by filing your return online. The deadline for this is, however, fast approaching. Failure to file your tax return by 31st Jan 2013 incurs a £100 penalty, immediate action [...]
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Self Assessment deadline – don’t be late!
Although the deadline for filing your paper tax return has passed, you still have time to avoid a penalty by filing your return online. The deadline for this is, however, fast approaching. Failure to file your tax return by 31st Jan 2013 incurs a £100 penalty. Immediate action is therefore required.
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Tax-free savings using an Individual Savings Account (ISA)
All ages can benefit from a tax exemption up to certain thresholds as listed below. Under 18’s who do not have a junior trust fund can invest up to £3,600 in a Junior ISA 16 – 17 year olds can invest up to £5,640 in a cash ISA 18+ can invest up to £11,280 in [...]
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Up To £25k Annual Investment Allowance
With most types of plant and machinery there is an Annual Investment Allowance (up to £25,000). To maximise relief, spreading the cost of qualifying expenditure over two years can be advantageous. Typically, if you make a purchase just before the end of the accounting year you will qualify for allowances a year earlier. Disposing of [...]
Business Development
Up To £25k Annual Investment Allowance
With most types of plant and machinery there is an...
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Christmas Greetings & Charity Donation
Click on the image to download your pdf copy. Read More
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National Loan Guarantee Scheme
Small businesses could benefit from cheaper rate borrowing...
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Increase in Personal Allowances
As from 6th April 2014 there will be an increase in personal allowances to £10,000 per annum for all employees born after 5th April 1948. At the same time the basic rate limit will be reduced to £31,865. Please make a note of this if you process your own payroll. If you have any queries, please do [...]
CORPORATION TAX REDUCTION
The Chancellor has stated that from 1st April 2014 the main rate of Corporation Tax will be reduced to 21% and will then be further reduced from 1st April 2015 and amalgamated with the small profits rate. This will then give a new joint rate of 20%.
