I have several years of experience in owner-managed businesses, SMEs and sole traders. Over the years, I have saved £££s in the taxes and done effective tax planning for them.
If you are a small business and worry about making Tax Digital (MTD) for VAT, we will assist you in this and provide you with the respective software at discounted rates.
Recently, I saved a fortune in one of my client, CGT, where she sold a UK property for £890,000, but the CGT liability was only circa £500.
I trained as a Chartered Accountant from the UK top 30 accountancy practice fourteen years ago.
I hold practising certificates from The Institute of Chartered Accountants in England & Wales (ICAEW) and the Association of Chartered Certified Accountants (ACCA).
Also, I specialise in estate and IHT tax planning.
In addition to the above, my specialised core areas are as follows;
-Corporation tax (both advisory and compliance, computation, Ct600, etc.)
-Setting up systems for the business/company for making tax Digital (MTD) for VAT
-Personal Tax (both advisory and compliance)
-Inheritance tax planning and capital gains tax (both computation and planning)
-Tax Advisory for Private landlords and help in their tax investigations
-Accountant for contractors
-Start-up businesses and business planning
-Tax advisory and will help you in saving your taxes
-Annual Accounts for Sole traders, Partnership and limited companies
-Self-assessment for both Companies and individuals.
-VAT (Advisory and Compliance)
-CIS tax returns
I have experience in all the known accounting packages, namely but not limited to;
- Sage line 50, Quick Books, VT Transaction plus, VT final accounts, Sage Corporation tax, Sage personal Tax, Sage Accounts Production, Iris Software, Viztopia, CCH, TAS, Xero, FreeAgent, Kashflow, etc
Please call or drop an email, and we have a no-obligation initial consultation.
============COVID -19 Update and Guidance==========
Further extension of JRS
In Budget 2021, the Chancellor has further extended the scheme to 30 September 2021.
The level of grant available to employers under the scheme will stay the same until 30 June 2021.
From 1 July 2021, the grant level will be reduced, and employers will be asked to contribute towards the cost of furloughed employees' wages. To be eligible for the grant an employer must continue to pay furloughed employees 80% of their wages, up to a cap of £2,500 per month for the time they spend on furlough.
The reduction in the level of the grant means that the percentage recovery of furloughed wages will be as follows:
for July 2021, 70% of furloughed wages up to a maximum of £2187.50 and
for August and September 2021, 60% of furloughed wages up to a maximum of £1,875.00.
Employers will need to continue to fund employer NICs and mandatory minimum automatic enrolment pension contributions.
The Chancellor also has extended eligibility for the scheme. For periods starting on or after 1 May 2021, employers can claim for employees employed on 2 March 2021, as long as a PAYE Real Time Information (RTI) submission was made between 20 March 2020 and 2 March 2021 notifying a payment of earnings for that employee.
Self-Employment Income Support Scheme (SEISS)
Budget 2021 has confirmed details of a fourth grant. This will be 80% of three months average trading profits to be claimed from late April 2021. Payment will be in a single instalment capped at £7,500 in total and will cover the period February to April 2021. The scheme has been extended to those who have filed a 2019/20 self-assessment tax return before 3 March 2021. This means that the newly self-employed from April 2019 now qualify subject to satisfying the other conditions.
A fifth and final grant was announced and can be claimed from late July 2021 to cover May to September 2021. This grant will be determined by a turnover test. The self-employed business turnover has fallen by 30%; the grant will be worth 80% of three months average trading profits capped at £7,500. People whose turnover has fallen by less than 30% will receive a 30% grant, capped at £2,850.
Coronavirus Job Retention Scheme (Effective November 2020 to March 2021)
Chancellor Rishi Sunak has extended the Coronavirus Job Retention Scheme (CJRS) until the end of March 2021.
The CJRS was supposed to have ended after being scaled back to cover 60% of salaries during October. However, on 31 October, Prime Minister Boris Johnson announced a new national lockdown for England that runs from 5 November until 1 December.
In a statement to the House of Commons, the Chancellor confirmed that the CJRS would pay up to 80% of an individual's wage, up to £2,500 per month. Mr Sunak stated that the government would review the scheme in January. The Job Retention Bonus, which had been set to take effect from 15 February 2021, will be redeployed at the appropriate time'.
The Chancellor also announced more generous support for the self-employed. He confirmed that the next income support grant, which covers November to January, will be increased to 80% of average trading profits, up to £7,500.
Commenting on the matter, the Chancellor said: 'We can announce . . . that the furlough scheme will not be extended for one month – it will be extended until the end of March. The government will continue to help pay people's wages up to 80% of the normal amount.
'All employers will have to pay for hours not worked is the cost of employer national insurance contributions (NICs) and pension contributions.
'We'll review the policy in January to decide whether economic circumstances are improving enough to ask employers to contribute more.'
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