Elion Highland - Bookkeeping services

12/03/2022

It is that time of year when we are entering month 12 of the payroll year and the new year is upon us.

Here is some guidance ……

From April 2022 the rate of National Insurance contributions you pay will change for one year. The amount you contribute will increase by 1.25 percentage points which will be spent on the NHS and social care across the UK.

For 2022/23 the personal allowance remains the same as the previous year at £12,570 – this means your first £12,570 of income is tax-free.

These rates apply from 1 April 2022.

Category of worker Hourly rate
Aged 23 and above (national living wage rate)£9.50
Aged 21 to 22 inclusive £9.18
Aged 18 to 20 inclusive £6.83
Aged under 18 (but above compulsory school leaving age) £4.81
Apprentices aged under 19 £4.81
Apprentices aged 19 and over, but in the first year of their apprenticeship £4.81

There is a lot of information to process. If you need any advice I am here to help.

03/03/2022

Easy to make payments from now on.

Self Assessment customers can now make their payments on the HMRC app. Paying your bill or making payments in advance can be done in the app, in just a few clicks.

Download from the App Stores today.

Android - https://play.google.com/store/apps/details?id=uk.gov.hmrc.ptcalc

iOS - https://apps.apple.com/gb/app/hmrc/id514561561

28/02/2022

Tonight is the deadline for submitting your 2020/21 tax return without incurring an initial £100 fine!
If it remains unfiled more penalties follow.
Get your return done by midnight.
And very important don't forget to keep a submission receipt.

15/02/2022

Bookkeeping, when done properly, gives you an excellent measure of how well you’re doing and also provides lots of information throughout the year. This information allows you to test the financial success of your business strategies and make any necessary course corrections early in the year to ensure that you reach your year-end profit goals.

Running a business can be very hard; if you are looking to outsource your bookkeeping & payroll, please do not hesitate to contact :

Elion Highland Bookkeeping and Accounting Services by email [email protected] or by phone 07413112056.

I can either come to your site, or I can work remotely whatever is best suitable for you.

Send a message to learn more

12/02/2022

Xero Certified Advisor!!!

A badge to wear on my online profile!!!

01/02/2022

Still, time to file your tax return without a late filing penalty. Feel free to get in touch if I can help.

Thank you to all the Self Assessment customers who filed their tax return by 31 January. You will not be charged a late filing penalty if you file by 28 February, although interest will be charged on all outstanding liabilities from 1 February. More here:
https://www.gov.uk/self-assessment-tax-returns/penalties?&utm_source=f.co_hmrcgovuk&utm_medium=social&utm_campaign=self_assessment

06/01/2022

***Just Announced****

Self assessment penalty waivers

Today HMRC has announced that will not charge:
1. Late filing penalties for those who file online by 28‌‌ ‌February 2022.
2. Late payment penalties for those who pay the tax due in full or set up a payment plan by 1‌‌ ‌April 2022.

https://www.gov.uk/government/news/hmrc-gives-self-assessment-taxpayers-more-time-to-ease-covid-19-pressures

03/01/2022

*****TAX RETURN REMINDER*****
Don't forget that the self assessment tax return deadline is the 31st January 2022.

If you would like my help with this, please contact me to avoid missing this date and receiving a penalty.