office@ajrandco.co.uk

01296 738 668 01296 826 177

CORONAVIRUS JOB RETENTION SCHEME

Coronavirus job retention scheme

The aim of the Coronavirus job retention scheme is to avoid people losing their jobs altogether, the government will reimburse 80% of the wage costs of “furloughed workers”, ie workers who are sent home and do not do any further work for the organisation. All UK employers, including charitable or non-profits, are eligible. Employers need … Read more

Entrepreneurs’relief

entrepreneurs’relief

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 more

Late filing Penalties

Companies house late filing penalties

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 more

Taxation

Accountancy Limited Company or Sole Trader

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 more

Business Start-Ups

Local Chartered Accountants Business start ups

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 more

Accountancy Services

pay rates 2021/22

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 more

Expenses- Limited Company

Expenses Limited company

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 more

VAT Value Added Tax

VAT Value added Tax

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 more