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There even more reason to choose E-Accountants Now!

06/11/2018 – We are living in difficult business times; yes we all do know that! With Brexit literally hanging around the corner, businesses are increasingly looking for experts who can help them find alternatives. In our resolve to bring you the best services throughout industry spectrum, E-Accountant is pleased to announce our new Partner Mr. … More...

Auto-enrolment qualifying earnings band figures for tax year 2019/20 confirmed

22/01/2019 – The draft Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2019 has now been published. As expected, it freezes the earnings trigger, which determines when an eligible worker is entitled to be automatically enrolled into a qualifying workplace pension scheme, at £10,000 from 6 April 2019. It also continues to … More...

Statutory payment rates for tax year 2019/20 confirmed

22/01/2019 – Following the written ministerial statement published in November 2018 announcing the proposed new rates for Statutory Maternity Pay (SMP), Statutory Adoption Pay (SAP), Statutory Paternity Pay (SPP), Statutory Shared Parental Pay (ShPP) and Statutory Sick Pay (SSP) for tax year 2019/20, the government has now published the draft Social … More...

EU Settlement Scheme fee is to be scrapped

22/01/2019 – The Prime Minister has announced in a speech to the House of Commons that the £65 fee for applications made by EU citizens under the EU Settlement Scheme is to be waived. The scheme is due to be rolled out in full on 30 March 2019 and at that stage there will be no fee charged. Currently, the scheme is in a public pilot test phase … More...

Don’t overclaim for equipment purchases

16/01/2019 – You can use the Annual Investment Allowance (AIA) to claim a very generous 100% first year tax relief for qualifying expenditure on plant and machinery. The allowance is available for most assets purchased by a business but does not apply to cars. The AIA was set at £200,000 per calendar year for all qualifying expenditure on or after 1 … More...

Reducing payments on account

16/01/2019 – Taxpayers are usually required to pay their Income Tax liabilities in three instalments each year. The first two payments are due on: 31 January during the tax year e.g. for 2018-19 the first payment on account is due on 31 January 2019. 31 July following the tax year e.g. for 2018-19 the second payment on account is due on 31 July … More...

Could you claim the Marriage Allowance?

16/01/2019 – If you or your partner are a low earner or not working, then you may be eligible for the marriage allowance. The marriage allowance allows lower earning couples to share part of their personal tax-free allowance. The marriage allowance (MA) is available to married couples and those in a civil partnership where a spouse or civil partner … More...

Carry back charitable contributions

16/01/2019 – Donations to charity over the course of a tax year can add up and taxpayers must ensure they keep a proper record of all donations to backup tax return entries. Donations that are made through the Gift Aid scheme allow for the recipient charity to claim 25p worth of tax relief on every pound donated. Higher rate and additional rate … More...

Remaining age related tax allowances

16/01/2019 – Most age related tax allowances have been phased out. However, the Married Couple's Allowance (MCA) is available to elderly married couples or those in a civil partnership where at least one member of the couple were born before 6 April 1935. The allowance provides for tax relief by deducting 10% of the allowance from the amount of tax … More...

Tax if clients leave the UK to live abroad

16/01/2019 – The P85 form should be completed by individuals or their agents to advise HMRC that have left the UK to live or are going to work abroad for at least one full tax year. The completion of the P85 form will ensure that an individual leaving the UK can claim any tax refund they are entitled to and will also help HMRC decide how an … More...

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