General Election 2019 With the upcoming election and the campaigns in full swing how much attention has been given to Labour’s proposals for SME’s? Labour’s proposals for SME’s include: Increasing dividend tax from 7.5% to 20% where the income is lower than 50k Increasing Corporation tax from 19% to 21% where profits are less than … Read moreLabour’s proposals for SME’s
According to the Institute for Fiscal Studies (IFS) incentives such as entrepreneurs’relief are encouraging business owners to shift around their income to minimise tax payments. The IFS says its analysis of UK tax records shows that, in general, company owner-managers respond to changes in income taxes by adjusting how and when they take money out of their company and … Read moreEntrepreneurs’relief
Companies handed late filing penalties According to Accountancy Daily last year thousands of late filing penalties were issued for the late filing of company accounts. In fact over 25,000 companies completely missed the 30th September deadline. It seems that the deadline of the 30 September (which quite a common company deadline) often gets missed. With … Read moreLate filing Penalties
AJR & Co provide Taxation services and advice to both businesses and individuals for Tax Compliance and Tax Planning purposes. We also assist with HM Revenue & Customs Enquiries and Investigations and provide Insurance cover to pay for fees incurred in the event of an HMRC Inquiry. Corporation Tax Corporation tax must be paid on profits from doing business as: A limited … Read moreTaxation
AJR & Co Ltd specialise in Business Start-Ups. If you want to set out in business in the UK, the requirements of HM Revenue & Customs, Companies House, accounting needs, registration of your business, VAT, PAYE, Corporation Tax and Company Secretarial matters and access to finance appear extremely daunting. AJR & Co Ltd have helped … Read moreBusiness Start-Ups
At AJR & Co Ltd we offer a variety of accountancy services: As members of the Institute of Chartered Accountants in England and Wales, we prepare Statutory Accounts for your business with legal and relevant guidelines complying with the deadlines imposed by HM Revenue & Customs and The Registrar of Companies, where relevant. We work … Read moreAccountancy Services
If you are the Director of a Limited Company and incur expenses then they can be claimed from the company providing they have been incurred ‘wholly and exclusively’ for the purpose of trade. Some of the most frequent expenses claimed are: Business travel If you incur expenses travelling to client sites in order to fulfil … Read moreExpenses- Limited Company
Value Added Tax (VAT) was first introduced in the United Kingdom In 1973. The standard rate of VAT increased to 20% in January 2011 and is one of the government’s largest source of revenue. Although the standard rate applies to most goods and services, a reduced rate of 5% applies to home energy, while the … Read moreVAT Value Added Tax
A Limited company is defined by being ‘a company limited by shares’ or ‘limited by guarantee’, we will look at the limited by shares formation as this is the most popular. A company limited by shares are normally companies that make a profit. Being limited by shares means that: They are a separate entity from … Read moreLimited Company Formation Step by Step
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