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 Chancellor. The federeation said it would create 45,000 jobs. Read More
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 is therefore required. Read More
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. Read More
Christmas Greetings & Charity Donation
Click on the image to download your pdf copy. Read More
HMRC PAYE Real Time
Information from HMRC regarding PAYE developments – if your business needs help and advice, speak to CJS Accounting. “HMRC is introducing a new way of reporting PAYE – called Real Time Information, or RTI. From April 2013, employers will be legally required to report PAYE in real time. This means that information about all PAYE payments needs to be submitted to HMRC online each time a payment is made as part of the payroll process,... Read More
Tax return deadline 31st October 2012
A reminder that the deadline for your paper self assessment return is fast approaching – 31st October 2012. The online submission deadline is 31st January 2013 The reason for the much earlier deadline for paper filing compared with online filing is due to a government effort to gradually phase out paper due to the man hours required to input the information onto the HMRC system. Read More
Increased Scrutiny by Tax Inspectors Continues
In the latest campaign to eliminate tax dodging, tax inspectors are targeting motor traders in Scotland, hair and beauty specialists, and most significantly, the legal profession. HM Revenue and Customs has said that Solicitors and barristers in London are being targeted for a suspected shortfall of £3 Million, with investigators visiting to inspect their books. The Bar Council, which represents barristers, are said to be surprised regarding the... Read More
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 Read More
Tips for Starting Your Own Business
Individuals starting up their own business can be tempted to cut out the middle man by doing everything themselves to minimise costs. This however is not always recommended, as this can be a false economy. It is usually more beneficial for your business to hire a skilled professional to carry out the services they are experts in. Well established businesses will take much interest in providing efficient services for you. This is where long- term... Read More
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 Copyright Dale Rockell Photography Read More
