Showing Tag: "tax" (Show all posts)

Making Tax Digital

Posted by Jane Franklin on Saturday, January 12, 2019,
If you are a VAT registered company with turnover over £85,000.00 you need to be ready to submit VAT returns through compatible software from 1st April 2019. As a Bookkeeping service I am ready to do this on my clients behalf. Contact me if you need help with this.
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Happy New Year

Posted by Jane Franklin on Tuesday, January 1, 2019,
The 1st January is always a reflective time, and I find it good to take a moment to decide what direction I want my life and business to go in. I have been running my Bookkeeping business since 2011 and it has grown organically during that time. I have learned more than I thought I would as time has gone on and I have grown in confidence with my own ability to offer Bookkeeping services to businesses both large and small in the Somerset area. 

Although fully committed with the service I offer ...
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Financial Year End

Posted by Jane Franklin on Saturday, March 31, 2018,
Tax year is at an end and we now need to start looking towards filing tax returns. If you are self-employed you need to make sure you have all the details of your earnings and expenses over the past 12 months. If you also receive income from a job under PAYE or a Pension you will need to wait until you receive your P60 to add to that income total.

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2 weeks to go!

Posted by Jane Franklin on Monday, January 15, 2018,
Today is the 15th January and you have just over 2 weeks to submit your self assessment tax return online and if necessary, pay any tax due. There are fines if you don't. Why not do this a bit earlier next year and save yourself the last minute stress!

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Workplace Pensions contributions increase

Posted by Jane Franklin on Sunday, January 7, 2018,

If you are an employer running a Workplace Pension you should ensure that all qualifying staff are aware of the increase in contributions due from 6th April 2018.

From this date employees will pay 3% of their earnings (after the earning threshold currently £113 pw or £490 pm) and the Employer will pay 2%. Employees receive 20% tax relief on their payments so the actual deduction will be 2.4% of earnings after the threshold, and the Government will pay 0.6% into the Employees pension pot....

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About Me

Jane Franklin Accounts and Payroll services for Small - Medium Businesses, Sole Traders and Partnerships.