Goff & Company

Chartered Accountants in Emsworth since 1975 specialising in assisting small businesses and individuals in all aspects of their accounting and taxation.

[Goff & Company @GoffAccountants]

Just 100 days to go until the tax return deadline of 31st January, and you have Christmas in between too, so don't leave it too late!

Contact us if you need any help with your accounts or tax return.

#HMRC #taxreturn #TaxReturnDeadline #accountant #emsworth

[Goff & Company @GoffAccountants]

Today is the day to pay HMRC that second payment on account for 2023/24. 😞

If you can't pay in full, you may be able to set up a payment plan with HMRC.

Details can be found on the HMRC website here: https://t.co/ImUvVcL427

Contact us for any further assistance.

#HMRC

[Goff & Company @GoffAccountants]

HMRC have launched a VAT Registration Estimator tool.

It's obviously not as good as getting advice directy from your accountant, but will give you an idea of the effects of VAT registration on your business.

https://t.co/PKxX2Q36dn

#VAT #HMRC #business #Accountant #Emsworth

[Goff & Company @GoffAccountants]

We are finding it increasingly common for HMRC to contact owners of second homes who may be in receipt of rental income but have not declared it.

Contact us today for a FREE consultation and find out how we can help you with your rental income disclosure.

[Goff & Company @GoffAccountants]

Did you know that HMRC have an app?

To ensure you download the correct app we suggest following the .Gov link below.

https://t.co/yGtjoESTMg

#HMRC #app #selfassessment #PAYE #taxcredits #NationalInsurance #StatePension #taxcalculator #childbenefit

[Goff & Company @GoffAccountants]

From 1st April these National Minimum Wage rates apply:

Apprentice - £6.40 (unless 19 y/o or over and completed your first year then you are entitled to the rate for your age)

Under 18 - £6.40

18 to 20 years old - £8.60

21 and over - £11.44

#HMRC #NationalMinimumWage

[Goff & Company @GoffAccountants]

Happy Easter everyone!!

We will be back open as normal after the Easter break, 9am on Tuesday 2nd April.

[Goff & Company @GoffAccountants]

Do you get paid for creating content on social media?

If you earn more than £1,000 using sites like Instagram, OnlyFans and TikTok, you must declare the income to HMRC and pay tax on it.

Contact us for a free initial consultation.

#socialmedia #influencer #HMRC
#accountant

[Goff & Company @GoffAccountants]

Happy Easter to all our clients!

We will be back open as normal on Tuesday 2nd April at 9am.

#HappyEaster #bankholiday

[Goff & Company @GoffAccountants]

HOT TOPIC - CRYPTOASSETS

Have you acquired or sold cryptoassets?

You might need to pay Capital Gains Tax or Income Tax.

We offer a free no-obligation initial consultation.

#cryptocurrency #cryptotrading #cryptocurrencies #cryptotrading #taxreturn #CGT #incometax #HMRC

[Goff & Company @GoffAccountants]

Starting your own business and wondering if a limited company or sole trader is right for you?

Read the FAQ's on our website to get some comparisons. https://t.co/sEJRCnNslu

Contact us today to set up a FREE no obligation meeting.

#business #limitedcompany #soletrader

[Goff & Company @GoffAccountants]

In the next few posts on Facebook we will be summarising the changes which are likey to have an impact if you are, or are considering becoming, a company director or shareholder.

Follow our Facebook page now to ensure you don't miss out.

https://t.co/sK6v45ZarQ

[Goff & Company @GoffAccountants]

That makes a change, HMRC making a U-turn!

HMRC has announced it is halting controversial plans to make permanent cuts to its helplines.

HMRC need to work on the near hour long wait times to get answered now!

If you don't have the time to call HMRC, you can always try us.

[Goff & Company @GoffAccountants]

HMRC to close its helplines for 6 months of the year!

If you cannot get the help you need directly from HMRC, please contact us for assistance.

https://t.co/kCnL3FvY5n

[Goff & Company @GoffAccountants]

Starting your own business and wondering if a limited company or sole trader is right for you?

Read the FAQ's on our website to get some comparisons.

https://t.co/sEJRCnNslu

Contact us today to set up a FREE no obligation meeting. #business #limitedcompany #soletrader

[Goff & Company @GoffAccountants]

Spring Budget 2024.

National Insurance Class 1 & Class 4 cut by 2%.

High Income Child Benefit Charge – threshold raised from £50,000 to £60,000.

VAT threshold increased from £85,000 to £90,000.

CGT higher rate for residential property disposals cut from 28% to 24%

#budget

[Goff & Company @GoffAccountants]

Payroll year end is just around the corner.
The key things to remember are:

Your final reports to HMRC for the 2023/24 tax year must be submitted no later than 19 April 2024.

You must provide your employees with their P60s by no later than 31 May 2024.

#Payroll

[Goff & Company @GoffAccountants]

We are finding it increasingly common for HMRC to contact owners of second homes who may be in receipt of rental income but have not declared it.

Contact us today for a FREE consultation and find out how we can help you with your rental income disclosure.

[Goff & Company @GoffAccountants]

Call us now for a free initial no-obligation meeting! 01243 373992

#emsworth #Accounting #accountant #HappyValentinesDay

[Goff & Company @GoffAccountants]

The National Minimum Wage rates will increase from 1 April 2024 as follows:

21 and over : from £10.42 to £11.44 an hour
18-20-year-olds: from £7.49 to £8.60 an hour
16-17-year-olds and apprentice rate: from £5.28 to £6.40 an hour