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Automatic-Enrollment

Auto Enrolment-Pensions

In UK most workers will be required to join a workplace pension scheme by their employers.  From the staging date the employees would have to choose whether they want to join the scheme or ‘opt out’.  If the employees choose to opt out of the scheme they would have to join the pension scheme for at least one month before opting out.  Any contributions they have made into the pension would be refunded back to the employees and the employers.…

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APS-Model

FULLY COMPLIANT RISK FREE EMPLOYED INCOME MODEL

APS- Asmat Payroll System –For workers falling inside IR35  As of 6th April 2016 the Government has introduced the  New legislation which means Umbrella and Limited Company workers will no longer be able to claim tax relief on home to work (or work to home) travel and subsistence expenses. With the New Legislation coming into force it is likely to affect your take home pay, i.e. if you currently claim regular travel and subsistence expense. In respect of the new legislation…

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Budget 2016

Summary Property Taxes There is a significant impact on landlords as they would affect the purchase price and the allowable expenses they are claiming. These are: Restriction mortgage interest deduction  When calculating rental profits, Landlords will not be able to claim the finance cost on their mortgage. The restrictions on the finance cost will be capped to: 2017/18 75% ALLOWED 25% BASIC RATE 2018/19 50% allowed 50% basic rate 2019/20 25% allowed 75% basic rate 2020/21 Nil 100% basic rate…

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Dividend Rules 2016-17

Dividends – New Rulings 2016/17 From April 2016 the Dividend Tax Credit will be replaced by a new tax-free Dividend Allowance. The Dividend Allowance means that you won’t have to pay tax on the first £5,000 of your dividend income, no matter what non-dividend income you have. The allowance is available to anyone who has dividend income. You’ll pay tax on any dividends you receive over £5,000 at the following rates: 7.5% on dividend income within the basic rate band…

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Payroll

Payroll legislation is changing in 2015, not only are tax codes changing but the way payroll is processed and reported to the HMRC will also change! You need to be up to date with these changes as you need to be cautious otherwise risk the liability of paying a fine and having to redo the entire payroll system at a later date. Real Time Information (RTI) RTI is a relatively new system introduced by HMRC in hopes to improve the…

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VAT

Setting up a new limited company will mean that freelancers will need to start thinking about tax liabilities of their company. The details are extremely important and getting them wrong will result in hefty penalties or worse, it is advisable to consult with an experienced contractor accountant to get help and advice specific to your situation. The most relevant type of tax you’ll have to deal with is VAT. VAT is applied to every stage of production and distribution; it…

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Asmat Accountants

Asmat & Co are one of Berkshires’ leading independent firms of Accountants servicing a growing and satisfied clientele. At Asmat & Co expert advice is available from senior qualified Chartered Management Accountants (ACMA) and Chartered Certified Accountants (ACCA), at very attractive packages tailored to suit varied individual and business requirements. The professional team at Asmat & Co. possesses extensive experience in providing accounting, tax, finance transformation and business advisory services to a diverse customer base.

CONTACT US


  • 84 High Street, Slough, Berkshire SL1 1EL, United Kingdom
    Get directions >>
  • 01753 424968 / 02035 988 621
  • 01753 437109
  • info@asmataccountants.co.uk

Reading Office

  • 365-367 Oxford Road, Reading, RG30 1HA
    Get directions >>
  • 0118 950 9841
  • reading@asmataccountants.co.uk



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