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
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
QuickBooks accounting is the number software for small business owners who wish to spend less time doing their accounts. Whether you want to go “on the cloud” or prefer the traditional desktop route QuickBooks has the answer. Contact Emjay Associates Ltd to discuss how this could help you 01903 367073
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
When running a business it is important to ensure all your records are up to date and accurate. This not only allows you to ensure you meet your legal obligations it also helps your cashflow. Here is our handy guide to assist you. Raise your customer invoice and send to them within a reasonable time.
Are you prepared for the 2017 tax return, if you need assistance Emjay Associates can help, make sure you only pay the amount of Tax you are liable for. Deadline for online filing to avoid penalties and fines is 31st Jan 2018. If you need assistance call Emjay Associates on 01903 367073
Make sure you keep all your evidence of income / expenditure for at least 5 years. Ensure your tax return is filed on time Pay any outstanding tax due for the previous tax year along with any payment on account due by 31st January