We are based in Pershore (Worcestershire) and Ledbury (Herefordshire) and we offer a full range of accounting and taxation services to both our business and personal clients.
We specialise in acting for family businesses, farming clients and all aspects of personal taxation.
Our motto is "quality professional services at a sensible price".
With effect from the 5 April 2011, HM Revenue and Customs will no longer accept some manual forms and so the following forms now must be submitted online:
There could potentially be penalties of up to £3000 for forms submitted manually!
Class 2 National Insurance paid by the self employed is changing from April 2011.
Quarterly bills will no longer be issued and payments will be brought into line with income tax payments:
However, a monthly payment will still be an option but they will now be collected 4 months in arrears instead of 1 month. This will result in a break in collection of Class 2 NIC until August 2011, when the usual monthly collections will re-commerce.
We are pleased to report on the relaunch of a local IT support company based in Pershore. The information below has been provided by iTechIT to explain the range of computer services they offer to local businesses.
Jonathan Crowther commented on his initial reaction to the announcements, “there are certainly some interesting measures to try to stimulate business growth. However, the main headlines of a 2% reduction in mainstream corporation tax for large companies and the reintroduction of Enterprise Zones whilst being good for the Country unfortunately will not benefit most of our smaller clients locally.
So far as personal taxation is concerned, it is good to see the target of a £10,000 personal allowance has been retained although it will be some years before this is achieved. As accountants we also welcome the discussion to unify Income Tax with National Insurance that will remove a lot of administrative burden from small businesses.”
Our budget summary which follows, focuses on the issues likely to affect individuals and business. To help you decipher what was said we have included our own comments in red.
This month, our regular newsletter, eNews, contains three features highlighting the way PAYE is being moved increasingly online and these are copied below.
The three articles we have featured cover: