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Proactive professional specialists for taxation
Non UK residents now need to submit a non-resident Capital Gains Tax return if you’ve sold or disposed of UK property or land either directly or indirectly since 6 April 2019. For more info see our helpful article: https://t.co/qsBoYyXRSP #expats#Sunderlandhour@nonresidentlord
The Treasury has published a factsheet specifically aimed at contractors which explain the changes to the IR35 compliance rules from April 2020.
As always, contact us for more info. #IR35#contractors#HMRC
https://t.co/fqFGCX7uvG
Grandparents–claim your state pension ‘babysitting’ credits.
Family members who look after a relative’s children to allow them to work,& how they may increase their future state pension by claiming Specified Adult Childcare credit.
https://t.co/DWUuGLfs2J
Need help with childcare costs? This article explains how crucial it is that parents understand which of several government supported schemes is best for them because the consequences of getting it wrong can be costly! https://t.co/57Vcl9auPF @HRDeptNewcastle
What to do if HMRC didn't collect your Payment on Account
A glitch within the HMRC self assessment system has meant that some taxpayers were not informed of the amount of tax to pay on account for 2018/19. For more info head here: https://t.co/GhRfAL8N3g @NEEChamber @SundBusNet
Press Release: A year left to claim full marriage allowance refund
If you have not claimed it, you could be missing out on refunds of up to £899. Check out this article or contact us for more information. @shieldsgazette#UKBizlunch
https://t.co/Jrvy8EEABQ
Important information for employers!
From 1 April 2019:-
The minimum pension contributions for the employee will be 5% (prev 3%) and the minimum pension contributions for the employer will now be 3% (prev 2%). #payroll#newtaxyear@HRDeptNewcastle#autoenrolment@northeastbic
Important information for employers!
The increases to minimum wage from 1 April 2019 are as follows:-
25 and over - £8.21 (prev £7.83)
21 to 24 - £7.70 (prev £7.38)
18 to 20 - £6.15 (prev £5.90)
Under 18 - £4.35 (prev £4.20)
Apprentice - £3.90 (prev £3.70)
@HRDeptNewcastle
Are you hiring someone? LITRG’s factsheet can help you understand your tax obligations! @HRDeptNewcastle @SundBusNet https://t.co/thnCNyKj8s #ShieldsHour
Spring Statement 2019 – 10 Tax Takeaways
It was a quiet statement on the tax front. Follow this link to our website for the main quick observations. https://t.co/qZG9eUs9yO @BizspaceNEast @SundBusNet #SpringStatement
From April 2020 HMRC has decided they want capital gains tax to be paid much sooner on sales of residential property such as a 2nd home or rental property. Find out more on the new 30-day deadline here: https://t.co/LZhrRBnwaX @Emily_Charles @SundBusNet @BespoqFinance#tax#CGT
The 5th April is rapidly approaching, and there are a variety of reliefs and exemptions to consider. This Year End Planning guide highlights some of these. If you'd like us to consider whether you are eligible let us know. @metroradioUK https://t.co/z82Et26E43
Top 10 mistakes employers make when paying the National Minimum Wage.
To help you avoid making mistakes see HMRC's list of the most common reasons. @northeastbic@ChronicleLive @NorthEastNT
https://t.co/CiKdav6N5V
Have you stopped claiming child benefit because of the High Income Child Benefit Charge? This article explains why you may want to claim child benefit in order to preserve entitlement to your state pension. #shieldshour@northeastbic https://t.co/oCaVqbeg0R
Less than one week to go to the tax return deadline!
Contact us if you need any assistance @sunsoftcity@NorthEastBiz @northeastbic Still time to beat this month’s tax return deadline https://t.co/ymb2OIYjd0
There's not long now!
According to HMRC, some 5.5m taxpayers have less than a month to complete their Self Assessment (SA) tax returns before the 31 Jan deadline.
More than 10,000 Self Assessment returns were filed on Christmas Day and Boxing Day.
@northeastbic@SunSoftCity
Have you earned a small amount of trading, casual or property income?
Check here or contact us to see if you need to send a tax return this January! @NorthEastNT @SunderlandEcho https://t.co/EOxeX9oGPb