2 Sisters Accounting

ūüďÖ P11Ds are due with HMRC by 6th July! ūüďÖ Here‚Äôs a reminder of what they are and what appears on them...
https://www.2sistersaccounting.com/‚Ķ/2‚ Ķ/7/5/benefits-in-kind

We’re looking at other types of VAT schemes this week, next up is the annual accounting scheme.
https://www.2sistersaccounting.com/…/va t-annual-accounting-…

We’re back from holiday and thinking about VAT! It’s not quite the same as the Porto sunshine but we try our best....
https://www.2sistersaccounting.com/…/12 /vat-flat-rate-scheme

ūüŹĖ It doesn‚Äôt happen often but 2 Sisters are off to the sunshine together ūüŹĖ We‚Äôll be away Wednesday 29th May and back on 3rd June so our out of offices will be on!

Don’t make us fight with you to get your records in and your tax returns done early. We can file your 2018/19 tax return now!

Lovely feedback from one of our clients!

Our junior accountant is keen and ready to help! ‚úÖCompany Accounts and Tax ‚úÖPayroll ‚úÖPersonal Tax ‚úÖPartnerships... ‚úÖXero ‚úÖManagement Accounts
But don’t worry, we do review all her work before sending it out!
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Who doesn’t day dream about a nice garden office to work from in peace? But what are the business consequences of building one?
https://www.2sistersaccounting.com/…/20 19/5/1/garden-offices

It makes life much easier when the cat sits in a box just as I’m thinking about what to post on Facebook.
In our ongoing campaign of ‚Äúgive your cat the box‚ÄĚ we‚Äôd like to remind you that 5th April has passed and we can get cracking on those tax returns #catinabox #ifitsisits

ūüďď Key Statutory Payment Figures for 2019/20 ūüďď
ūüĒėStatutory Maternity/Paternity ¬£148.68 per week ūüĒėStatutory Sick Pay ¬£94.25 per week

ūüíįNational Minimum Wage 2019/20ūüíį
ūüĒėAged 25 and over - ¬£8.21 ūüĒėAged 21 to 24 - ¬£7.70 ūüĒėAged 18 to 20 - ¬£6.15... ūüĒėAged under 18 - ¬£4.35 ūüĒėApprentices under 19 - ¬£3.90 ūüĒėApprentices over 19 but in first year - ¬£3.90
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We‚Äôre making the most of the long weekend, closing our laptops and heading out in hunt of the Easter Bunny ūüźį See you Tuesday ūüĎčūüŹľ

ūüóď Key National Insurance Numbers for 2019/20 ūüóď
Class 1: ūüĒėPrimary Threshold ¬£8,632 ūüĒėSecondary Threshold ¬£50,000
... Rates remain at 12% and 2% for employees
Class 2: ūüĒėThreshold ¬£6,365 Rate remains at ¬£3 per week
Class 4: ūüĒėThreshold ¬£8,632 Rates remain at 9% between ¬£8,632 and ¬£50,000 and reduce to 2% over ¬£50,000
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ūüßģKey Tax Rates for 2019/20 for Englandūüßģ
ūüĒėThe personal allowance is ¬£12,500 ūüĒėBasic rate band is up to ¬£37,500 ūüĒėHigher rate band is ¬£37,500 up to ¬£150,000... ūüĒėAdditional rate band is over ¬£150,001
The standard tax code for this year will be 1285L
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New tax year means lots of new rates and thresholds to think about. We’ve covered them in this weeks post but will post the key highlights on here. We know a full blog of tax rates can be pretty dull reading!
https://www.2sistersaccounting.com/…/4/ 9/201920-rates-update

Now we‚Äôve passed 5th April we can get your tax return filed! Be the smug cat that can show off that it‚Äôs all done when your friends are panicking in January ūüźĪ

If your VAT quarter begins 1st April then the next return you file must be electronically!

ūüíįIt‚Äôs the final pay day of the tax year for a lot of businessesūüíį
Time to do some checks: ūüĒėYour figures are correct for the year ūüĒėAny PAYE is all paid up... ūüĒėYou know how to generate your P60s ūüĒėYou‚Äôre ready to follow your softwares year end process
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