The Accountancy and Tax Service for Small Businesses | TaxAssist ...
WEB0800 0523 555. Or contact us. TaxAssist Accountants provide tax accountancy services and advice for small businesses in the UK. For year end accounts, bookkeeping, tax return services, VAT and payroll services contact Us on 0800 0523 555.
Directors' Loan Accounts Explained - TaxAssist
WEBA director’s loan is defined as funds a director deposits into and takes from the business that fall outside of expense reimbursements, salary or dividends. Directors’ loans can go either way, with the director lending the company money or taking money out. A record of these withdrawals and deposits are collated on a director’s loan account.
How much National Insurance do I pay as an employer?
WEBAug 27, 2021 · How much an employer pays in Class 1 NICs depends on their employees’ salary and their NI category letter: Income (monthly) Class 1 (secondary rate. Above £758. 13.8%. All employees under the age of 21 and apprentices under the age of 25 are exempt from employer Class 1 NICs, unless they earn £4,189.01 a month or higher.
Self-Assessment Tax Returns Self-Assessment Tax Returns - TaxAssist
WEBOur Self-assessment Tax Return services. Tax return preparation: Using HM Revenue & Customs-approved software, we meticulously complete your self-assessment tax return, ensuring every detail is accurate.. Accurate tax calculation: We calculate your tax liability, providing you with a clear understanding of what you owe, why and when.. Payment reminders: We liaise with you regarding the amounts ...
Where do I find my UTR number? - TaxAssist
WEBMay 6, 2020 · Where to find your Unique Taxpayer Reference (UTR) number or Corporation Tax UTR number. Your Unique Taxpayer Reference number (UTR number) is a 10-digit number that can be found on documents from HM Revenue & Customs (HMRC), such as: Your previous tax return (s) Notices to file a tax return. Your payment reminders.
What you need to know about associated companies
WEBJan 17, 2024 · TaxAssist Accountants are experienced at working with limited companies. If you’re not sure if the associated company rules affect you speak to our advisers. Call TaxAssist Accountants today on 0800 0523 555 or use our contact form and we'll be in touch. Date published 17 Jan 2024 | Last updated 17 Jan 2024.
The tax benefits of electric vehicles - TaxAssist
WEBFeb 19, 2021 · Electric cars, with zero emissions, fall into the lowest benefit in kind tax band, resulting in lower tax liabilities for employees. This makes electric vehicles very attractive for businesses and employees. As a comparison, the percentage for a petrol or diesel car could be as high as 37%.
which structure is best for my business? - TaxAssist
WEBJan 19, 2024 · Pros: Cons: More tax efficient Limited companies pay corporation tax at a lower rate than income tax. Business owners and directors are taxed on income extracted from the company. Reporting obligations Companies must file accounts to Companies House and HMRC. A Company Tax Return must also be submitted to HMRC.
Guide to corporation tax for limited companies - TaxAssist
WEBMar 28, 2022 · Six months late: Your corporation tax bill will be estimated and a penalty of 10% of unpaid tax will be added. 12 months late: Another 10% of unpaid tax. Also, if your tax return is late three times in a row, the £100 penalties are increased by HMRC to £500 each. If you file an inaccurate company tax return, you face a penalty.
Our Guide to Understanding P60s - TaxAssist
WEBOct 4, 2023 · A P60 is an end of year certificate produced by an employer or pension provider. It confirms the following information for the tax year (to 5th April): Pay for the year. Tax deducted in the year. Employee NI (National Insurance) Contributions due in the year. Please note that the pay figure is taxable pay and may differ to gross salary.