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National Insurance thresholds

National Insurance thresholds for the 2020-21 tax yearLower Earnings Limit (LEL) = £6,240 paEmployees do not pay National Insurance but get the benefits of payingPrimary Threshold (PT) = £9,516 paEmployees start paying National Insurance at 12%Secondary Threshold (ST) = £8,788 paEmployers start paying National Insurance at 13.8%Class 2 National Insurance for self-employed = £3.05/week - £158.60 paClass 4 National Insurance for self-employed = 9% above £9,500 profits and 2% above £50,...

September 29, 2020

paying HMRC self-assessment

The simplest way to pay self-assessment tax is by bank transfer.HMRC Bank details:HMRC CumbernauldS/C 08 32 10A/C 12001020Payment reference should by your UTR number followed by the letter 'K'https://www.gov.uk/pay-self-assessment-tax-bill  ...

June 26, 2020

New team member

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June 25, 2020

New team member

We are happy to introduce Lisa Mackerness.  Lisa is a highly organised personal assistant and has been working with Charles Accountancy since the end of 2019.  Lisa will now be having a more active role in helping with administrative work.  You may receive emails from Lisa requesting information and documents to help with the preparation of your accounts and tax returns....

June 25, 2020

Self-assessment Payments on account

‘Payments on account’ are advance payments towards your tax billYou have to make 2 payments on account every year unless your tax bill is under £1,000 or you have 80% of your tax collected through PAYE.Each payment is 50% of your previous year’s tax bill. Payments are usually due by 31 January and 31 July.ExampleYou are entering the payments on account system for the first time.Your tax bill for the 2019-20 tax year is £4,000.  You would need to pay £4,000 by 31 January 2021 and th...

June 18, 2020

paying Corporation Tax to HMRC

HMRC bank details:Account name HMRC CumbernauldSort code 083210Account number 12001039 Reference numberUse your 17-character Corporation Tax payslip reference for the accounting period you’re paying.You’ll find the payslip reference:on any payslip that HMRC sent you or through your company’s HMRC online account - choose ‘View account’ then ‘Accounting period'...

June 16, 2020

Better Business

Better Data + Better Analysis + Better Decisions = Better Results & Better Business ...

March 28, 2019

Value

"Value is not a number, it's a feeling" Ron Baker...

May 22, 2018

SYSTEM

Remember that a SYSTEM Saves You Significant Time, Effort and Money. What a great acronym!...

May 15, 2018

Business quotes we love 2

“What gets measured gets managed.” Peter Drucker...

May 1, 2018

GDPR

GDPR Explained - All you need to know in 5 minutes [FUN] https://youtu.be/tBEMNcMihl4  via @YouTube...

April 26, 2018

Xero roadshow

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April 26, 2018

Business quotes

“If you can’t read the scoreboard you don’t know the score, and if you don’t know the score you can’t tell the (business) winners from the losers” – Warren Buffett...

April 26, 2018 Posts 1-13 of 13 | Page
 

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