Tax year 2016/2017 – changes

We are now in the 2016/2017 tax year and many changes have taken place. If you are employed and over 25 your minimum living wage is now £7.20 per hour – see my previous post for more information. FOr those who are self employed the amount you are allowed to earn before paying tax in this year is £10,800 and next year will rise again to £11,000. If you have previously paid your class 2 national insurance contributions by direct debit this will change and they will be calculated and paid along with your self assessment tax and your class 4 national insurance. More information on the changes can be found on the HMRC website here Share this:Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Share on Skype (Opens in new window)Click to email this to a friend (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to print (Opens in new...
A new tax year has dawned 

A new tax year has dawned 

If you’re self employed you’ll be aware (or should be!) that the 2015/2016 tax year has just finished. Your SA100 self assessment tax return is not due to be submitted until 31st January 2017 but can be sent any time before then. If you have tax to pay you will need to know before January what the bill will be. We advise that you use a qualified and licenced professional to calculate and submit your tax return. We are up to date with all recent changes to legislation and regulations and can ensure that you are claiming all allowances correctly. Contact us for a no commitment and no charge chat. Share this:Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Share on Skype (Opens in new window)Click to email this to a friend (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to print (Opens in new...