The Chancellor has announced an increase in the National Insurance threshold that will see reduced contributions for 31 million taxpayers
A typical employee will save around £104 in 2020-21, while self-employed people, who pay a lower rate, will have £78 cut from their bill. The government has set out the National Insurance thresholds for 2020-21, with the level at which taxpayers start to pay NICs rising by more than 10 per cent to £9,500 per […]
How will imports and exports change after the UK leaves the EU on 31st January 2020?
H M Revenue & Customs have released an update to businesses in the UK who may import and export between the UK and the EU to explain what they can do next to prepare for changes to customs arrangements after the UK has left the EU. Between 1 February and 31 December 2020, there will be […]
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Receiving reviews is a great way of us understanding what our clients think of the service they are receiving. We are collecting reviews on Trustpilot, Yell, Google and Facebook and if you would like to have your say please let us know how we are doing. We do read and appreciate every review we receive and look forward to hearing from you […]
Are you are one of the 5.4 million UK tax payers still to file your tax return?
The deadline for filing your self-assessment tax return is fast approaching. In order to avoid an automatic penalty your tax return must be filed by 31 January 2020. Our team of tax experts are ready to help. Contact us for further information. For the tax year ending 5 April 2019 H M Revenue & Customs have issued a total […]
Enjoy the holidays. See you in the New Year from all of us at R & J Business Solutions
Our offices will be closed on 21st December 2019 and we open again on 6th January 2020 to allow our staff to enjoy the holidays with their friends and family. We look forward to seeing you in the New Year!
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Tax relief on entertainment
You may be aware that entertaining staff is both tax deductible for a business and a tax free benefit for its employees and this refers to the HMRC allowance for an annual event (not necessarily at Christmas, this can be any annual event) that costs no more than £150 including VAT per employee. Are you […]
We have become members of the Institute of Financial Accountants
We are pleased to announce that both Rob & Jemma have become members of the Institute of Financial Accountants and R & J Business Solutions is now a member firm so we will now be trading as Financial Accountants. Our association with the Institute of Financial Accountants will ensure we deliver our current services to […]
With the UK currently set to leave the EU on 31 October 2019 it is important your business is prepared for the changes in the way it will trade with the EU
With the UK currently set to leave the EU on 31 October 2019 new government funding of £16 million has been made available to help businesses prepare with the customs intermediary grant scheme. Business grants can be applied for by businesses in the UK or businesses with branches in the UK and these grants can […]
H M Revenue & Customs have agreed to delay the proposed VAT reverse charge for the construction Industry.
H M Revenue & Customs have released a brief confirming the VAT reverse charge for the construction industry will be delayed until 1 October 2020. More than 150,000 construction companies were facing a 20% drop in cash flow when planned VAT changes came into force next month. H M Revenue & Customs remains committed to the introduction of […]