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Blog Archive

IR35 tax tribunal rulings on so-called disguised employment

Posted on May 09th, 2018 by pete | No Comments

Review of working practices The scope of the Taylor review (Good work: the Taylor review of modern working practices) was indeed a wide one: its breadth or ambition is perhaps demonstrated by the title of its concluding section, Seven steps towards fair and decent work with realistic scope for development and fulfilment. Two principles identified

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Cloud Accounting Software

Posted on January 14th, 2018 by pete | No Comments

Critical business information in real time Every successful business has its finger on the pulse. You need to know the key numbers.  Not the numbers in last year’s accounts; they’re out of date.  Redundant. You need today’s numbers. And that’s where your cloud accounting system comes in.  If you don’t have a cloud accounting system

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17/18 Income rates and Bands

Posted on February 12th, 2017 by pete | No Comments

The basic rate (BR) of tax remains at 20% for 2017/18, higher rate (HR) a 40% and the additional rate (AR) is 45%. Basic rate applies to the first £33,500 of taxable income, higher rate applies to the next £116.500 Everything over £150,000 is then taxed at 45% (AR) BR can be increased by your charitable

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Autoenrolment Pensions

Posted on February 12th, 2017 by pete | No Comments

Auto enrolment continues with pace, are you ready to meet to responsibilities? Emjay Associates are pleased to announce they have partnered with Smart Pensions to offer a cost effective package for both employer and employee. Cal use now for more information.

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2017 / 18 Personal Allowances

Posted on February 12th, 2017 by pete | No Comments

The personal allowance increases to £11,500 for 2017/18 tax year. As for 16/17 the allowance is reduced by £1 for every £2 by which adjusted net income exceeds £100,000. This means anyone with net income in excess of £123,000 for 17/18 will not receive the personal allowance

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Sole Trader vs Incorporation

Posted on March 19th, 2016 by pete | No Comments

 Sole Trader v Incorporation With the advent of changes in the way dividends are taxed, the big questions is, “Is it worthwhile to incorporate or should I stay self employed?” For the tax year 2016/17 savings can be made on tax as soon as profits go above £6425 (see below). However taking into consideration extra accounts

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More on Dividends

Posted on January 09th, 2016 by pete | No Comments

With the changes that came into effect from April 2016, it is time to consider the benefits / costs of being an incorporated entity. Key Points 1. There will be no distinction between net and gross sums. What you receive is what you will be taxed on. 2. Dividend income will be added to non-dividend income in

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Dividends

Posted on December 30th, 2015 by pete | No Comments

The end of tax motivated incorporation? The Summer Budget 2015 contained some key measures that were a thinly veiled attack on small business owners. What do you need to be aware of? Dividends. Perhaps the most controversial announcement was the overhaul of tax on dividends. From April 2016 the notional credit system (which sees basic

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Property Tax

Posted on December 30th, 2015 by pete | No Comments

Changes As announced in the Summer Budget , buy to let landlords have been dealt a blow as finance cost relief on buy-to-let properties is to be eliminated. It will be reduced by 25% from 6 April 2017 and then reduced every year by 25%, until it is totally removed by 6 April 2020. It will be

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Small Business Payroll Tips + Tricks

Posted on December 30th, 2015 by pete | No Comments

With the advent of RTI and Workplace pensions the onus on employers is becoming greater. Here are our recommendations to keep you on the correct side of HMRC. 1. All new employees must complete a Starter Checklist even if the give you a P45 2. Ensure you process your FPS and EPS before due dates

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  • Testimonials

    • Emjay Associates Ltd have always been there with helpful advice for my small business. They are an accountancy company that helps you grow your business

      Jim Williams Satisfied Customer
    •  

      After appointing Emjay Associates as our accountants (following a referral), we cannot thank them enough for obtaining a reduction in our tax liability of over £17,5000. They spotted a mistake in previous years returns and then spent time analysing our CIS returns and subsequently dealing with HMRC.

      A Big thank you

      Thank You Dave - CPS Property Services
    • I would like to take this opportunity to thank you for all your input into our business this year, you are such a font of knowledge, not just about the accounting side but in all business matters and it's great to get advice from you.

      KG – Greenfield Services Greenfield Services (Southern) Ltd
       
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