AMG Financial Chartered Tax Advisers & Accountants

02/10/2021

Yearly company accounts packages start from just £20 per month with AMG Financial Chartered Tax Advisers & Accountants

10/03/2021

We would like to point out that there is a phone call scam going around saying there is a warrant out for your arrest due to you owing a certain amount of money etc and is apparently from HMRC! PLEASE NOTE, HMRC never call, send emails or text messages chasing payment, this would always be by letter! Always speak to your Accountant or phone HMRC direct, never respond to these messages.

18/12/2020

To all our amazing clients!

This year has been a year like no other. As a result of the huge strain this year has put on us at AMG Financial, which has pretty much doubled our normal workload, resulting in very little holiday, we have decided (for the first time ever) to close the office between 19/12/2020 – 03/01/2021.

We have tried our utmost to support everyone as best as we can. However, we need to take a couple of weeks to unwind and relax.

I will sporadically be checking my emails, however, I will only be responding to anything that is extremely urgent that cannot wait until 04/01/2021.

Please note that everyone's payroll will be processed as normal. Therefore, if your query is payroll related please email [email protected]

We wish you a very Merry Christmas and a prosperous New Year.

22/04/2020

First CIS and Mechanic rebates were paid out yesterday. There should be no delay obtaining tax rebates from HMRC

06/04/2020

Happy New Tax Year!!! If you are deducted CIS from your self employed earnings get your tax return submitted so you get your rebate paid ASAP.

05/04/2020

Anyone with a business premises, the local council should have been in contact or should be contacting you shortly regarding the grant of between £10,000 - £25,000. Any questions, feel free to ask.

05/04/2020

Please feel free to PM or comment with any questions or queries regarding any of the help that may be available at this current time. Or, our favourite, the tax advice you have heard down the pub 😉 We are happy to help.

04/04/2020

If you are an NHS worker OR CARER and you launder your own uniform or pay professional subscriptions, you may be due a rebate.

Either call HMRC on 0300 200 3200 and speak to HMRC and get them to amend your tax code to include your job expenses.

Alternatively, if you sign up for a digital tax account you will be able to make a claim online.

Use the link below to check whether you are due a rebate.

https://www.gov.uk/tax-relief-for-employees

Other companies charge a fee of anywhere between 20-35 percent of any rebate amount. Spending 5 minutes doing the above could get you £400 and you get to keep the lot!

Comment for further help and guidance.

Claiming tax relief on expenses you have to pay for your work, like uniforms, tools and travel

04/04/2020

Please, please like and share our page! The information we can provide could be helpful to one of your family members or a friend in this current time!

04/04/2020

Calling all mechanics and engineers. If you are employed and provide your own tools you might be due ££££. PM us for more details

03/04/2020

Calling all tradesmen! Get your tax return submitted next week and get your tax rebate paid back to you ASAP. PM us for more details!

27/03/2020

Covid-19 Tips: Easing the cashflow



Time to pay arrangements

Time to pay arrangements are negotiated agreements with HMRC that allow for the payment of self-assessed tax after its due date. In response to the coronavirus crisis, businesses and individuals are being assured that time to pay can be used as a way of easing cashflow concerns by paying tax in instalments.

Avoid risk of pension auto-enrolment obligations

A lot of companies are owned and operated by their directors, who extract profits through a small salary and dividend. Such companies may have been classed as ‘non-employers’ for workplace pension purposes, and they will therefore be avoiding auto-enrolment obligations. This is on the basis of having made a declaration to the Pensions Regulator that there is no written or implied contract of employment. With SSP being funded by the Government, it may be tempting for the directors to claim SSP for themselves to help towards their cashflow concerns. However, by doing so, the directors may run the risk of creating an implied contract of employment, which could leave them in breach of their auto-enrolment obligations. The position is not currently clear and given that SSP is only being funded for 14 days, a director in this position may wish to consider whether it is worth taking the risk.





Consider reclaiming child benefit

Individuals who have made an election to stop receiving child benefit due to the high-income child benefit charge (HICBC) may wish to consider revoking the election in order to restart their claim. The child benefit may need to be ultimately paid back via the self-assessment tax return, but it can help a little towards easing immediate cashflow concerns. The election can be revoked by completing a form online via the GOV.UK website (a Government Gateway account is necessary) or by contacting the Child Benefit Office by telephone on 0300 200 3100. The election must be revoked by the person who originally made it, which is the person who is to receive the child benefit. Child benefit will start to be paid again from the Monday following the call or receipt of the form. However, if neither partners’ adjusted net income is expected to exceed £60,000, the revocation can be backdated to the start of the tax year.