Tax, accountancy and business support for the small and medium sized business
Website © Tyers Accountancy Ltd 2012
Telephone
01469 533203
Deadline for filing 2012 Tax Returns if you want any tax to be collected through 2013-14 PAYE.
For SA tax collected by PAYE
31 December 2012
Deadline for filing 2012 Tax Returns online. Returns dated after 31 October 2012 may be filed later.
2012 Tax Return filing deadline
31 January 2013
Self Assessment tax payment date. Interest is charged from today for late payment.
Self Assessment tax due date
31 January 2013
HMRC will charge a penalty of 5% on Self Assessment tax that was due on 31 January and remains unpaid.
First unpaid tax penalty
2 March 2013
If you are looking for advice or assistance with your accounts and Tax Return please contact us. We offer a friendly local service and competitive pricing.
Contact us
One point of contact for friendly personal service
Home visits available in North and North East Lincolnshire
- FREE initial consultation plus FREE bookkeeping software
- New business start-ups and advice
- Limited companies
- Accounts and bookkeeping
- Payroll bureau
- Income tax and Self Assessment
- VAT Returns
- Tax enquiry cover plus FREE legal and business helpline
IMPORTANT DATES
We take the confusion out of complex matters
Your accounts and the financial information they contain need unlocking to help you understand them. We take the time to explain these complicated matters using plain English so you can make informed decisions for your business.
We promise never to bombard you with jargon you don’t understand.
Personal service is really important to us
We pride ourselves in our personal service. We are not a call centre: when you call you will always be able to speak to the same person. We know all our clients by name and we’re pleased to supply a quality service which is specifically tailored to their requirements.
After all, who wants to be just another number?
Tax rates and allowances change each year. Click here to see the current rates.
FAQ
A very popular question! Click here for an overview of the points to consider when deciding whether to trade as a sole trade or a limited company.
Should you incorporate?
A major update to the PAYE system will go live for all employers by October 2013. Find out what you need to know.
RTI for employers
NEWS
HOW TO...
Getting customers to pay on time can be difficult. Here are our tips to help you manage late payment.
Get paid on time
What is involved in paying employees and how much holiday pay are they entitled to?
Pay employees
Every business should keep accurate records so how is it done? Follow our guidance to keep it simple.
Do bookkeeping
What problems may arise if you pay cash for business expenses? Find out how to keep track.
Keep track of cash
Universal Tax Credits to commence October 2013
From next October any new claims for tax credits, housing benefit and job seekers allowance amongst others will be replaced by the Universal Tax Credit.
The key difference with Universal Tax Credit is that will be based on the previous month’s income rather than the previous year’s as at present.
Claimants who receive wages through PAYE should find the new system little different to the present. However the self employed may find the new requirement for monthly reporting quite demanding.
RTI goes live for all employers from October 2013 at the latest
The major update of the PAYE system is currently on trial with some 250,000 larger companies. RTI will be introduced for all employers regardless of size by October 2013 at the latest.
Under RTI all employers will be required to report details of their employees earnings and deductions every payday so that HMRC can collect the PAYE due directly from employers’ bank accounts.
There is no alternative to RTI so if you’re an employer why not review your systems now to ensure your business will be ready when it starts?
HMRC announces re-launch of Business Records Checks
HMRC announced the re-launch of its Business Records Checks on 1st November 2012. The purpose remains the same: HMRC intends to check the adequacy of business records being maintained by Small and Medium sized Enterprises (SMEs), but the process has changed. HMRC now intends to write to the selected SMEs prior to telephoning them to talk through their business record keeping. Based on the responses they receive HMRC will then assess whether the records are adequate, require improvement, or a face to face visit is required.
Contact us for help or more information
| Tax Rates and Allowances |