This tax calendar is a summary of the major tax dates for 2015. These dates will affect you if you are caught under self assessment. 30 December 2014 If you have a 2013-14 tax liability of less than £3,000 and you file your self-assessment tax return online by this date, the tax office can adjust your PAYE …
Merry Christmas from GBM Accounts. See our Christmas video here: [youtube]http://youtu.be/XZInunbYOMY[/youtube] Wishing everyone a Merry Christmas and a Happy New Year. Office Opening over the festive period: We are closing for Christmas on Tuesday 23rd December and re-opening on Monday 5th January.
The 2014 Autumn Statement was delivered by George Osborne on 3 December 2014. As usual, there were lots of headline grabbing announcements which affect big business and individuals, such as Google tax, the ability on death to pass ISA’s onto your estate with tax protection, and the air passenger duty exemption for children. However, …
Businesses need a range of information to know how they are doing financially, in terms of profitability and cash flow. These range from Key Performance Indicators (KPI’s), which may just consist of level of sales, number of new customers or simply the money in the bank account, to full year end accounts (which are statutory …
A common way for directors to be remunerated from small limited companies is to take a combination of salary and dividends. However, there are ramifications if the company gets into trouble. In the case of an insolvency, liquidators and administrators will seek to recover all assets for the benefit of the creditors. The issue of …
LATE FILING PENALTIES TO BE DELAYED FOR SMALL EMPLOYERS Penalties for late filing of Real Time Information (RTI) returns were due to come into effect for all employers from 6 October 2014. However, this now only applies to employers with 50 or more employees. For employers with less than 50 employees, the start date for …
In business, you are going to continuously hit challenge after challenge and what’s more, this is never going to stop. Now this might seem disheartening, but look at it this way, your competitors are facing the same challenges too. The only difference between the successful companies and those who are left by the wayside, is …
If you are an employer, you may need to keep an eye on the National Minimum Wage (NMW) levels. The current levels are: £6.31 the main rate for workers aged 21 and over £5.03 the rate for 18-20 year olds £3.72 the 16-17 rate for workers above school leaving age but under 18 £2.68 the apprentice …
HM Revenue and Customs are running a series of VAT webinars during August. The subjects they will cover are: What is VAT – an introduction VAT now that you are registered VAT accounting schemes VAT motoring expenses VAT trading with other countries For details of the content and how to book, please see here. …
As part of HM Revenue & Custom’s (HMRC) Let Property campaign, landlords are being offered online training in tax matters. The computer-based tutorials will make it easier for landlords to understand when and how to pay tax on property they have let out. The Let Property campaign is aimed at people renting out residential property …