Accountants in Cannock who help you keep more of what you earn.
Looks like the optimism posted in an earlier article has not quite come to pass. Though personal allowances have risen by £1000 to £7475, not quite the £10k everyone was expecting/hoping for.
A sigh of relief after the most significant budget in years. George Osborne has unveiled the emergency budget, and with it some big changes to the tax system. The one we are going to look at first is VAT going up to 20%. Some say this was nessecary, others argue that is cancels out VAT being at 15%. Either way it is going to mean more tax. For those wanting to get ahead, the new formula for working out VAT is going to be 2 over 12. For instance, I buy something for £120, times by 2 equals £240, divided by 12 equals VAT amount of £20. For further advice about VAT and if it is worth registering for VAT, contact us
Monthly annual PAYE & CIS deductions sheets up to the month ending 5th June 2010 are now due to HMRC. This is a breakdown of how much gross you have paid and how much tax & NI you have deducted from your employees or subcontractors. The date this return must be received by The Revenue is 19th June, however payments made electronically must be received by the 22nd June. For free assistance or on advice running your CIS or PAYE scheme, please contact us.