Online Self Assessments

Self Assessment tax return SATR

Self Assessments online filing HM Revenue & Customs are thanking all customers who filed their Self Assessment tax returns by the 31st January deadline. A record breaking 11.1 million returns were received including 10.4 million online Self Assessment returns. About 11.7 million customers were required to file their 2018 to 2019 tax returns by 11.59pm … Read more Online Self Assessments

How to Set Up a Business

how to set up in business company formation sole trader partnership limited company accountancy software

How you set up a business depends on what kind of business you. It could be a Sole Trader, Partnership or a Limited company. Setting up as a Sole Trader If any of the following apply then you should register as a sole trader with HMRC: Earned more than £1000 from self employment between 6th … Read more How to Set Up a Business

Construction Industry Scheme

construction industry scheme

What is the Construction Industry Scheme? The Construction Industry Scheme (CIS) is a tax deduction scheme which involves tax being deducted at source from payments which relate to construction work.  Registering as a Contractor under the scheme You must register as a contractor under the Construction Industry scheme (CIS) if you: Pay subcontractors to do construction work If your business spends … Read more Construction Industry Scheme

HMRC faces requests for income tax refunds

Income tax refunds

In the tax year 2018/19 around 460,000 requests were made to HMRC for refunds on overpaid income tax, according to an FOI request by the insurance company Royal London. The repayment values totalling £5.1billion made to individuals, made up of refunds made to individuals and for personal pension contributions and although individual taxpayers were refunded … Read more HMRC faces requests for income tax refunds

Labour’s proposals for SME’s

Small Medium Enterprise SME SME's

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 more Labour’s proposals for SME’s

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Limited company Formation

From AJR & Co Ltd