by AJN Accountants | Jan 15, 2019 | Accounting, Advice, FAQs, Financial planning, News, pensions, Tax planning
The state pension was introduced in 1948. This is important as it is the earliest date you can claim your state pension and it depends on your date of birth. NI Payments Once you attain state pension age you no longer need to pay national insurance on salary. This...
by AJN Accountants | Jan 4, 2019 | Accounting, Advice, Bookkeeping, Business, FAQs, Financial planning, News, Small Businesses, Tax planning, VAT
The existing penalty system is due to change from 2020. Read on to find out more about what you need to do to avoid penalties now or in the future. The existing penalty regime will apply for the first year of mandatory MTD submissions from April 2019 but is due to...
by AJN Accountants | Dec 27, 2018 | Accounting, Advice, Business, FAQs, Financial planning, Small Businesses
If your business life cycle has come to an end or perhaps you are retiring you may decide to wind up your company. Our latest article looks at steps you can take to increase tax efficiency. Closing down your limited company Shareholders of a solvent company can choose...
by AJN Accountants | Dec 21, 2018 | Accounting, Advice, FAQs, Financial planning, News, pensions, Tax planning
Pension contributions are an effective way to mitigate tax bills and plan for your retirement. Here we answer the question ‘Can a pension payment turn a profit into a loss?’ Read on to find out more. Personal or company contributions Making pension...
by AJN Accountants | Dec 13, 2018 | Accounting, Advice, Business, FAQs, News, Small Businesses, Tax planning, VAT
Fines and penalties are not a tax deductible expenses, meaning the business will not receive tax deduction when incurring them. Read on to find out whether or not your business can reclaim VAT on parking fines. Fines, penalties, VAT and other taxes Fines and...
by AJN Accountants | Dec 6, 2018 | Accounting, Advice, Business, FAQs, Financial planning, News, Small Businesses, Tax planning
Director/shareholders can at times find themselves in a situation where they have used business cash to fund personal purchases. It is important to record such transactions adequately in the company books to avoid potential issues with HMRC. HMRC’s View HMRC...