Tax Tips & News

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01/06/2014

June Tax Tips & News

Welcome to the Sherwoods Ltd Tax Tips & News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman.

If you need further assistance just let us know or send us a question for our Question and Answer Section.

We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice on your own specific circumstances. We’re here to help!

Marginal Tax Rates

What rate of tax would you pay on an additional £1 of earnings? If your annual income is between £41,865 and £150,000 you may think the tax rate would be 40%, but the peculiarities of the UK tax system mean you could pay much more. Read More...

Real Time Information (RTI) Interest

In the past some employers would play the PAYE system, holding on to the PAYE deductions until the last payment date of the year, and then paying the balance due before interest was charged. Read More...

VAT and Discounts

Do you offer prompt payment discounts to your customers - known as PPDs? Read More...

Auto-enrolment

Auto-enrolment is the term for the law that requires all employers to register their employees into a qualifying workplace pension scheme. Read More...

June Questions and Answers

Q. My father resigned as a director of our family business in March, and started to draw his pension, but he retained 15% of the shares in the company. It seems likely that company will be sold later this year. Read More...

June Key Tax Dates

19/22 - PAYE/NIC and CIS deductions due for month to 5/6/2014 Read More...

About Us

Sherwoods Ltd Accountants are based in Milton Keynes , offering local business owners and individuals a wide range of services.

All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website sherwoodsaccountants.co.uk for more information.

First Floor, 27 Shirwell Crescent, Furzton Lake, Milton Keynes MK4 1AG

Sherwoods Ltd is a trading name of Sherwoods Ltd