A Bookkeeping and Accounting Service you can rely on.
Traditional and Cloud Accounting Specialist.
Trust
Qualified Practicing Member of I.A.B. & Iaap assures you that we are up to date with changing Legislation that can effect your business.
Experience
Over 30 years experience working within private practice and the corporate sector covering many different industry types and entities.
Professional
What we Do
Individual & Corporates Accounting Services
Bookkeeping and Accounts Preparation for
Sole Traders – Partnerships – Limited Companies.
Limited company formation with registered address facility
Payroll services
Self Assessment / Personal Tax Account.
C.I.S. Construction Industry Scheme Tax Refunds.
Management and Cashflow Preparation.
Independent Examination for Charities.
Need to Raise Finance ?
I.A.B. Funder Finder – Alternative Business Funding
Cloud Accounting Software
NEWS: UPDATED
Spring Budget 2024
NIC
Class 1 employee NICs from 10% to 8% from 6 April 2024, and a further cut of 2 pence to the main rate of Class 4 self-employed NICs from 6 April 2024, taking this to 6%. Alongside these cuts, the government announced that it will consult on Class 2 NICs abolition later this year.
Child Benefit
The government has announced it will raise the HICBC income threshold from £50,000 to £60,000 from 6 April 2024, the taper will be extended up to £80,000. The government intends to move to a system based on household income.
CGT
The Government will legislate to reduce the higher CGT rate for residential property disposals from 28% to 24% after the 6th April 2024. The lower 18% rate remains unchanged.
Furnished Holiday Lettings
The government intend to repeal the current rules for FHL for individuals and corporates from April 2025.
UK ISA
A new UK ISA allowance with a further £5,000 allowance to be introduced.
Vat
The VAT threshold to increase to £90,000 from 1 April 2024
De-registration to increase from £83,000 to £88,000
Autumn Budget 2023:
Key Changes
NIC
Self employed
Class 2 to be abolished from April 2024
Class 4 rate to be reduced from 9% to 8% profits between £12,570 – £50k
Small profits threshold remains at £6,725
Employee’s
Class 1 to reduce from 12%-10% April 2024
Triple lock maintained – State pension to increase by 8.5%
Research & Development
SME & RDEC Schemes to be combined
Dividends
The tax-free dividend allowance will be cut to £1,000 from April 2023 then to £500 24/25.
National Insurance.
The employment allowance will remain at the current level of £5,000. The main NI thresholds will also be held at the current level until April 2028.
Capital gains tax (CGT).
There is no change to the CGT rates, but the annual exempt amount will be cut from £12,300 to £6,000 from 6 April 2023, and then to £3,000 the following year.
NEWS
Tax is going digital…are you ready?
Whether you are an existing small business or presently preparing to start a new business, you may require an Accountant or Book-keeper due to the forthcoming HMRC initiative of “ Making Tax Digital “ now on the horizon.
Now is the time to future proof your bookkeeping and accounting strategy. Eventually traditional paper based accounting will become a thing of the past.
The banking industry and commerce in general, have in the past few years began to steer their client base away from paper invoices and statements in favour of electronic communication.
HMRC and MTD in time will be taking this process further to what we now know as “ cloud accounting “, this will ultimately mean that your accounts software will communicate directly with HMRC’s computers, and taxation estimates could be produced quarterly coming onto your personal tax account, which will be replacing the self assessment regime.
To find out more about the benefits of cloud accounting click on the Cloud Accounting Software link or call us today.
“Great cost effective service highly recommended…“
“Thanks to Kevin my books are now straight as he has helped me over the years how to diarise and keep records – He is diligent in his work and I owe him so much gratitude for all his help. Excellent flawless service.”
“At last I can now devote a 100% to growing my business KJS takes care of everything, fantastic service.“
If you have any questions, just get in touch with us via any of the details below, or complete the short form and we'll get back to you as soon as possible.