|
01/12/2019 |
December Tax Tips & News
Welcome to the Lawrence & Co Tax Tips & News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman.
If you need further assistance just let us know or send us a question for our Question and Answer Section.
We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.
Please contact us for advice on your own specific circumstances. We’re here to help!
|
|
| Tax-free Christmas parties |
| Whilst the tax legislation does not include a specific allowance for an employer providing a Christmas party for employees,HMRC do allow limited tax relief against the cost of holding a social function for employees, Read More... |
| |
|
| Proposals to pay doctors’ pension tax bills: update | Should I register for VAT? | | In an attempt to encourage working overtime shifts, doctors have been promised that their tax bills for higher rate pension relief will be covered by the NHS. This development follows the refusal by doctors to work overtime because of tax penalties receiv.. Read More... | In broad terms, and subject to certain exceptions, a business will be required to register to charge and pay VAT once annual sales reach a pre-set annual threshold, which is currently £85,000. This threshold is determined by total sales and is not t.. Read More... |
| Should I incorporate my business? | | As things currently stand, the expected cut in the main rate of corporation tax to 17% from April 2020 is unlikely to happen, but current corporation tax rates remain pretty favourable. There are also other areas where company formation may help save tax... Read More... |
| December questions and answers | December Key tax dates | | Newsletter issue - December 2019.
19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/12/2019
30 - Deadline for 2018/19 self-assessment online returns to be filed if you are an employee and want tax underpaid to be collected by adjustment to your 2020/21 PAYE code (for underpayments of up to £3,000 only) |
| About Us |
Lawrence & Co Accountants are based in Harrow, offering local business owners and individuals a wide range of services.
All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website www.lawacc.co.uk for more information.
|
| |
|
Copyright © 2024 Lawrence & Co. All rights reserved.
Unit 205, Cervantes House
5-9 Headstone Road
Harrow
HA1 1PD
Lawrence & Co is a trading name of Lawrence & Co
|
|
