Auto Enrolment Pension Increase

Auto-enrolment pensions

Auto-enrolment pension increase Under auto enrolment legislation, minimum pension contributions are required to increase over time. The next increase will happen on 6 April 2019 to a total of 8% of qualifying earnings of which 3% must be paid by the employer.   Minimum Employer contribution Minimum Employee contribution Total minimum contribution April 6 2018 … Read moreAuto Enrolment Pension Increase

Springtime tax scams target young and vulnerable warns HMRC

Tax Scam HMRC

HM Revenue and Customs (HMRC) are warning young adults, the vulnerable and the elderly to be vigilant against springtime tax scams offering a tax refund. Fraudsters regularly target taxpayers by email and text pretending to be from HMRC .Stating that a tax refund is owed. With April and May being ranked as the peak period … Read moreSpringtime tax scams target young and vulnerable warns HMRC

Sole Trader Vs Limited Company

Sole Trader or Limited Company

Are you thinking of setting up your own business but unsure as to which set up would suit you best? Lets weigh up the sole trader vs limited company pros and cons. All businesses no matter what the size must have a legal structure, both Sole Trader and Limited Company formations have advantages and disadvantages … Read moreSole Trader Vs Limited Company

Key Dates & Deadlines of the Financial Year

Accounting and advice services Dates and Deadlines of Financial year

There are many key dates & deadlines throughout the accountancy year for both Self-assessment and Company accounts, with each bearing their own penalties it is important to plan ahead to avoid any fines. below is a brief guide to what you can expect Payment Dates 2019 – 20 1st payment on account 31st January 2019 … Read moreKey Dates & Deadlines of the Financial Year

Benefits of a Local Accountant

Local Accountants Steeple Claydon

Why is it important to have a local accountant? As we move further and further into a digital world where information is a click away. We deal with businesses on the other side of the world, never having met the contact in person. Then why do we consider it important to keep business dealings close … Read moreBenefits of a Local Accountant

Annual Investment Allowance

Annual Investment Allowance increase

Temporary increase in the annual investment allowance The annual investment allowance (AIA) provides a 100% allowance on qualifying expenditure, subject to an annual limit. Budget 2018 announced a temporary two-year increase in this limit from £200,000 to £1,000,000 from 1 January 2019. As with previous changes to the limit, transitional rules will apply to businesses … Read moreAnnual Investment Allowance

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Limited company Formation

From AJR & Co Ltd