Not just an tax accountant, you can get business development & Personal financial advice too. It is a popular misconception to believe that Accountants are only needed by people who are in business. In today's environment where Financial Legislation is subject to change on a regular basis, an Accountant can prove invaluable when planning a new business, running an existing business or helping members of the general public with investments or rental properties.
There is sometimes a tendency when setting up a business not to contact an Accountant, but to wait until the first Tax Returns are due. This is folly, as it is right from the start that you need the help and advice experienced Accountants like MJ&Co can give you. This advice may well save you a great deal of money and will certainly make life a lot simpler from day one.
It does not seem possible that someone who was serious about setting up in business would not ask an Accountant for ways he or she could save money from day one, however many do not.
There is sometimes a tendency when setting up a business not to contact an Accountant, but to wait until the first Tax Returns are due. This is folly, as it is right from the start that you need the help and advice experienced Accountants like MJ&Co can give you. This advice may well save you a great deal of money and will certainly make life a lot simpler from day one.
It does not seem possible that someone who was serious about setting up in business would not ask an Accountant for ways he or she could save money from day one, however many do not.
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Self-Assessment is simply a system HM Revenue and Customs (HMRC) uses to collect Income Tax and some other taxes, such as Capital Gains Tax (CGT).
There are however, more than a dozen other categories of individuals who must complete a SA tax return, for a full list download PDf.
For those individuals whose tax liability does not exceed 1,000, you merely pay the sum owed by the January deadline and that is it until the following year.
You've already paid more than 80% of all the tax you owe, for example through your tax code or because your bank has already deducted interest on your savings.
There are however, more than a dozen other categories of individuals who must complete a SA tax return, for a full list download PDf.
For those individuals whose tax liability does not exceed 1,000, you merely pay the sum owed by the January deadline and that is it until the following year.
You've already paid more than 80% of all the tax you owe, for example through your tax code or because your bank has already deducted interest on your savings.
As a new business you are bombarded with advice from all sides, often of mixed quality.
Consequently, finding reliable advice is a real breath of fresh air.
Most people who start up in business do so because they have the combination of a good business proposition and the enterprise and commitment to see it through.
Not because they are experts in the legal and financial aspects of running a business.
The last thing you want is to feel constrained by reams of daunting paperwork and cumbersome red tape.
Consequently, finding reliable advice is a real breath of fresh air.
Most people who start up in business do so because they have the combination of a good business proposition and the enterprise and commitment to see it through.
Not because they are experts in the legal and financial aspects of running a business.
The last thing you want is to feel constrained by reams of daunting paperwork and cumbersome red tape.
At Morgan Jones & Co, we give you time to run your business.
We can help both you and your staff by taking care of all the elements of your bookkeeping and accounting needs.
Talk to our existing clients and they will tell you that they see us as an integral part of their business.
First, we listen to your needs and gain a full understanding of your business.
Then, we structure the components of each of the services you need in an integrated and transparent way.
Every business needs to prepare accounts, whether monthly or annually to suit their own periodic information needs.
We can help both you and your staff by taking care of all the elements of your bookkeeping and accounting needs.
Talk to our existing clients and they will tell you that they see us as an integral part of their business.
First, we listen to your needs and gain a full understanding of your business.
Then, we structure the components of each of the services you need in an integrated and transparent way.
Every business needs to prepare accounts, whether monthly or annually to suit their own periodic information needs.
However complex it may seem, we make payroll seem straightforward.
Fast, efficient and cost effective, we work for businesses of all sizes: ranging from sole traders with only one or two employees, to larger companies with many staff and a substantial payroll function.
Payroll intervals to suit your business (weekly, monthly, variable) including overtime and bonus/commission calculations.
We are, of course, RTI complaint; please contact our Shrewsbury or Newport accountants for help and assistance on Payroll.
Fast, efficient and cost effective, we work for businesses of all sizes: ranging from sole traders with only one or two employees, to larger companies with many staff and a substantial payroll function.
Payroll intervals to suit your business (weekly, monthly, variable) including overtime and bonus/commission calculations.
We are, of course, RTI complaint; please contact our Shrewsbury or Newport accountants for help and assistance on Payroll.
PAYE, on the whole, is an effective system.
However, it is prone to fraud and this makes it difficult for HMRC to identify errors or help either employers or employees to resolve problems quickly and efficiently, which is why RTI is being introduced.
Real Time Information, or RTI, is a new system that HMRC is introducing to improve the operation of PAYE.
PAYE information will be collected more regularly and more effectively as employer submit their regular payroll submissions, rather than their end-of-year tax return.
However, it is prone to fraud and this makes it difficult for HMRC to identify errors or help either employers or employees to resolve problems quickly and efficiently, which is why RTI is being introduced.
Real Time Information, or RTI, is a new system that HMRC is introducing to improve the operation of PAYE.
PAYE information will be collected more regularly and more effectively as employer submit their regular payroll submissions, rather than their end-of-year tax return.
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