A4SB

Specialist CIMA qualified #accountants providing tailored accounting solutions to small businesses based in the UK.
Cutting complication and delivering results.

[A4SB @Acc4Business]

Q: How to delay payment of #tax through tax code?
A: We can defer your initial #payment of tax and, instead of paying #cash by 31st January, this will instead be collected through your #taxcode during the next tax year.
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For more info contact us here: https://t.co/UgLLmyKUFs

[A4SB @Acc4Business]

A: #Studentloan deductions need to be ticked on the #taxreturn as the calculations need to be re-run based on total income. The #repayments are due at the rate of 9% on earnings over the threshold.
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For more info click here: https://t.co/UgLLmyKUFs and we'd be happy to help!

[A4SB @Acc4Business]

A: Items below the value of £500 can be treated as a cost. Items above £500 could be a #fixedasset and therefore capitalised as an asset of the business and written off using standard #depreciation charges.
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For more info click here: https://t.co/UgLLmyKUFs

[A4SB @Acc4Business]

Because HMRC’s inquiries are on the increase it’s a good time to revisit our “𝓓𝓞𝓼 𝓪𝓷𝓭 𝓓𝓞𝓝'𝓣𝓼” on taking dividends.

Found out more in our blog: https://t.co/2gvTpopNuJ

[A4SB @Acc4Business]

A: OSPP is paid to partners who take time off to care for the #baby or support the #mother in the first few weeks after the #birth, however, a number of conditions must be met in order to qualify for the OSPP.
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Contact us for more info here: https://t.co/UgLLmyKUFs

[A4SB @Acc4Business]

SMP is paid to #female employees or former #employees who have had or are about to have a #baby. The payment of SMP is compulsory however, a number of conditions must be met in order to qualify for the SMP.
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Contact us for more info here: https://t.co/UgLLmyKUFs

[A4SB @Acc4Business]

Entrepreneurs’ Relief reduces the amount of Capital Gains Tax payable when you dispose of (sell) shares in all or part of your business from 20% to 10%.
Found out more in our quick recap blog: https://t.co/zPnyRefJXQ

[A4SB @Acc4Business]

A: SMP is paid to female employees or former employees who have had or are about to have a baby. The payment of SMP is compulsory where the employee fulfills certain requirements.
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Contact us for more info here: https://t.co/xx37GPRUKa

[A4SB @Acc4Business]

📌𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐬 𝐫𝐞𝐥𝐢𝐞𝐟 (𝐄𝐑) 𝐪𝐮𝐢𝐜𝐤 𝐫𝐞𝐜𝐚𝐩📌

Lates from the Blog:
https://t.co/Xj3VdJQ7hf

[A4SB @Acc4Business]

A: If you or your partner have adjusted net income of more than £50,000, you need to declare any child benefit you had received and pay some of the amount back to HMRC by 31st of January.
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For more info click here: https://t.co/FMrn4aseb7 and we'd be happy to help!

[A4SB @Acc4Business]

Use of 𝐡𝐨𝐦𝐞 𝐨𝐟𝐟𝐢𝐜𝐞 seeks to compensate the director for any additional costs of working and running a small business from home.

Check the link below for more info: https://t.co/Tqar3PVNFd

[A4SB @Acc4Business]

R U Self-employed? Director? Got #dividends income? Made #Profit from sale of shares or other assets? Your income over £50k & one of you claimed Child Benefit?
You should complete a #tax return!
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For more info click here: https://t.co/GseqTbdL5C and we'd be happy to help!

[A4SB @Acc4Business]

𝐅𝐢𝐱𝐞𝐝 𝐬𝐮𝐛𝐬𝐢𝐬𝐭𝐞𝐧𝐜𝐞 𝐞𝐱𝐩𝐞𝐧𝐬𝐞𝐬: a quick rundown on what's allowed and what you can claim and when. Check it out here: https://t.co/ZX744JCrum

[A4SB @Acc4Business]

FAQ: Why do I have to pay extra #tax?
A: You have to pay additional tax cos not all tax is deducted at source. This could be due to: receiving benefits in kind, rental property income, asset sold 4 profit, dividend/bank interest.
For more info click here: https://t.co/bjeLEGuDTF

[A4SB @Acc4Business]

Here are some helpful tips on what to look out for when 𝐂𝐡𝐨𝐨𝐬𝐢𝐧𝐠 𝐭𝐡𝐞 𝐫𝐢𝐠𝐡𝐭 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐧𝐭 𝐟𝐨𝐫 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬!

https://t.co/IRpQQIEhhu
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[A4SB @Acc4Business]

Q: What can be claimed on the #CycletoWork scheme?🚴
A: You can claim up to the 20p per mile tax-free for any business miles travel. The scheme is not designed for personal bicycle use so the bike must be used more than 50% of the time for business travel.
https://t.co/TYlha0yU65

[A4SB @Acc4Business]

📢𝟐𝟎𝟏𝟗 𝐔𝐊 𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐚𝐰𝐚𝐫𝐝
We are extremely excited and humbled to be nominated for and subsequently awarded the 𝟐𝟎𝟏𝟗 𝐔𝐊 𝐄��𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐚𝐰𝐚𝐫𝐝! Thank you our dear clients and partners for your endless trust and support over the years!

[A4SB @Acc4Business]

Q: What are the trivial benefits in kind #exemption?
A: A trivial benefit has to satisfy a number of conditions in order to qualify for the trivial #benefits in kind exemption.
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For more info click here: https://t.co/JKD8NSXPL9 and we'd be happy to help!

[A4SB @Acc4Business]

📌Did you know that If you work from home, you can claim ‘home as office’ expenses? There is an HMRC allowance, however, you may be able to claim more with justification.

❓Have more questions? Get in touch with us today and receive free consultation!
https://t.co/cxwJm1jVbZ

[A4SB @Acc4Business]

FAQ: What website costs are allowable?
A: Most businesses can claim a 100% #tax deduction for some of the cost of setting up a website under the annual investment allowance.
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For more info click here: https://t.co/moxHDpnqTN and we'd be happy to help!