Please see below a brief list of areas that may need particular attention: -

 

  • Auto Enrolment is here. Do you your Staging Date and are you aware of your obligations?
  • From the 6 April 2017 the Employment Allowance which could reduce Employer’s Class 1 National Insurance Contributions (NIC) remains at £3,000
  • Annual Investment Allowance increased to £200,000 from 1 January 2016
  • Personal Allowance limit increased from £11,000 to £11,500 from 6 April 2017
  • Income limit for Personal Allowance remains at £100,000 from 6 April 2017
  • National Insurance Primary & Secondary thresholds are aligned at £157 each per week respectively from April 2017
  • New Living Wage Rate came into effect on 1 April 2017 and new National Miniumum Wage Rates came into effect on 1 October 2016. Are you compliant?   
  • A further one per cent cut in the main rate of corporation tax from April 2017, to 19%
  • New HMRC redesigned Business Records Checks (BRC) are now being implemented - are you ready?
  • HMRC PAYE Real Time Information (RTI) - three years on - do you still have problems and are you aware of the penalties involved? 
  • Were you ready for the 5 April 2017 Tax Year end and will you utilise all of your allowances and reliefs on your 2017 Self Assessment Tax Return by 31 January 2018?
  • Have you missed out on Class 4 NIC loss relief?
  • VAT Flat Rate Scheme - are you losing out?
  • Will you miss the filing deadline of 31 October 2017 for paper based tax returns?
  • Can your existing Accountant guarantee that they can produce iXBRL compliant Accounts and Returns?
  • New HMRC compliance visits - are you ready?
  • Did your current Accountant advise you of "the real tax year end" and did you miss out on Capital Allowances Relief?
  • Are your Company details up to date with the relevant authorities?
  • Are you aware of the new HMRC compliance visits and penalty system?
  • Are your Company expenses records up to date and do they comply with HMRC guidelines?
  • Are you receiving the right Tax, PAYE, VAT and Accountancy advice?
  • Are you given sufficient notice to plan for forthcoming tax liabilities and take advantage of Capital Investment?
  • Does your Company have an effective "R&D" policy and do you comply with HMRC legislation?
  • Are you being overcharged and undervalued by your current Accountant?

 

If you have any queries or doubts regarding any of the above, then we would advise that you contact us immediately for a free initial consultation and we can guarantee you will not be disappointed.