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!

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 [...]

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 [...]

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.

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 [...]

Christmas Greetings & Charity Donation

Click on the image to download your pdf copy.

Important dates in July

19th – 20th July 2012 – Final date for payment of 2011-12 Class 1A NICs 31st July 2012 – Second Self Assessment payment on account for 2011/12  

Tax Changes

Tax From April 2013, the 50p tax rate will be reduced to 45p. This is because the current tax rate has damaged the economy and has raised very little. Income Tax The new personal allowance of £8105 begins in April 2012, with a further increase to £9205, which will take effect from April  2013. Image [...]

Corporation Tax Update

Small company Corporation tax fell from 21% to 20% in April 2011. The main rate of Corporation tax has reduced by 2% from 28% to 26% in April 2011.It will reduce by 1% per annum until it becomes 23% in April 2013. Image Copyright Dale Rockell Photography

Non-payment of PAYE

From 6th April 2012, HMRC will have the authority to demand security in the form of a bond from an approved financial institution, or a cash deposit from employers who avoid paying PAYE or class 1 NICs. This will not affect employers who pay their tax on time and will not be used against employers who are having [...]