How much is your time worth?

Ask your accountant or solicitor, they’ll tell you what their time is worth but have you thought what your is worth? There may be a number of tasks you do yourself, love them or hate them, that you can outsource to your accountant. Many tasks outsourced can free up your […]

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Do you need to register for VAT?

Your business must register for VAT if its previous 12 months turnover has exceeded £77,000. NB, this is the annual limit from 1 April 2012 and increases annually, to be announced in the Budget. Your business must also register for VAT if in the next 30 days its turnover is […]

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Are you paying too much tax on 31 January 2013?

Whilst the 31 January tax payment due for most taxpayers will be the final payment on account for 2011/2012, it will also include an estimate for 2012/2013. Tax payers, under Self Assessment, normally make two payments a year to HM Revenue & Customs. The first is on 31 January and […]

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Pay your tax on time

You must pay any amount due for 2011-12 by 31 January 2013. The payment deadline is the same whether you sent in a paper or an online tax return. HMRC recommends that you make your Self Assessment payments electronically. It’s safe and secure and provides certainty about when your payment […]

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You’d be wrong if you thought you cannot get a tax refund if you’re on PAYE

In this edition of my blog I want to share with you a recent assignment where I have managed to make a claim for a worker on PAYE of just over £2,100. His circumstances were that he thought under PAYE he was getting taxed correctly. I simply asked if there […]

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2012 Self Assessment Tax Return filing deadline is 31 January

Your 2012 self assessment tax return filing is due for filing by 31 January 2013 to avoid an automatic late filing penalty. Agent authorizations must be registered by 21 January. For total peace of mind, don’t delay, call today for assistance. Are all your business expenses and allowances being claimed correctly? Have you attempted to do […]

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The new charge on High Income Households receiving Child Benefit

From 7 January a new tax charge is introduced for households receiving Child Benefit with at least one individual with an income of £50,000 or more. The effect of the tax charge is to cancel the receipt of the Child Benefit received from 7 January. If this affects you, you […]

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It’s tax return season

As HMRC put it; find ‘inner peace’ and file your tax return before 31 January 2013. Filing a tax return sometimes just isn’t as simple as you first thought. If you’re having difficulty, contact us for assistance. Don’t put it off for too long. A £100 penalty is chargeable on the late […]

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Happy New Year from Salix Accountants

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Merry Christmas from Salix Accountants

Wishing all our clients a very Merry Christmas and a Happy New Year. We’re looking forward to the new year. If you’re dreading a looming deadline, contact us, we can take the worry and pain out of your filing responsibilities.

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