Making tax digital threshold reduced to £20,000
Many more sole traders and landlords will be required to comply with making tax digital (MTD) for income tax when the qualifying income threshold is reduced from £30,000 to £20,000.
December 13th 2024
Chartered Certified Accountants in Melksham, Wiltshire - B20 Wessex
A family run accountant in Melksham, Wiltshire, providing company accounting, personal taxation, bookkeeping and payroll services
At B20 Wessex we are Chartered Certified Accountants with years of experience in advising businesses on how to maximise their company tax savings.
The B20 Wessex Payroll Bureau offers a comprehensive range of services for your business at competitive rates. We offer our customers a comprehensive payroll service, supporting your business at the fraction of the cost of a full time member of staff.
If you are in business as a sole trader you are personally responsible for your business activities. Talk to us for more information about sole trader responsibilities and advice on becoming a sole trader.
As a chartered, certified accountant we are well qualified to help you prepare your management accounts on a regular basis, so that you can keep track of your business.
Latest Articles
EIS and VCT sunset clause extended
The sunset clause which was set to end the Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) scheme on 5 April 2025 has been extended for a further ten years.
December 13th 2024
Festive period RTI easement
It is common for some employers to pay their workers earlier than usual in December, for example if the business will be closed during the festive period.
December 13th 2024
National minimum wage and salary sacrifice
As announced in the Autumn Budget, the national minimum wage (NMW) and the national living wage (NLW) are set to increase from April 2025.
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Announcements
Company Accounts for Year Ending 31st July
If your year end is 31st July, the filing deadline for your company accounts is 30th April.
VAT for Quarter Ending 31st March
If your last VAT quarter ends on 31st March the filing deadline is 30th April and payment is due by 7th May.
April Payroll and RTI
File your monthly RTI reports for April payroll by 5th May and pay HMRC by 19th May.
VAT for Quarter Ending 28th February (or 29th for a leap year)
If your last VAT quarter ends on 28th February (or 29th for a leap year) the filing deadline is 31st March and payment is due by 7th April.
March Payroll and RTI
File your monthly RTI reports for March payroll by 5th April and pay HMRC by 19th April.
Corporation Tax for Year Ending 31st July
If your year end is 31st July the deadline for payment of corporation tax is 1st May.
Making Tax Digital
Is your software MTD compliant?
P60s
Have you issued P60s to your employees?
Employment Allowance
Are you claiming the Employment Allowance? Filing deadline is the first pay run.
