JDM Accountancy Ltd

09/05/2022

Do you own more than one property? Do you let one or more of those properties? Most importantly are you declaring this income on your self-assessment?

If you're not, you may be underpaying on your tax!

If you have undeclared property rental income prior to the current tax year, you need to make a declaration under the “let property campaign”. Don’t wait for HMRC to discover this income – act now by giving us a call

05/04/2022

It's that time of the year again - the end of the financial year and time to get your Self Assessment paperwork together. Get ahead of the game by submitting early - you still don't have to pay until 31/1/2023 but it gives you plenty of time to save if you have an unexpectedly high return. And once it's filed - you can forget about it - until it needs paying. Also, knowing your profits and how much spare cash you have can help you to make the best business decisions.

Let us help take the pressure off - call us now to discuss your self assessment tax return

24/03/2022

In yesterday’s Spring Statement the Chancellor announced the following changes regarding national insurance contributions.

To mitigate the impact on lower earners of the 1.25% rise:
• an increase to the National Insurance Primary Threshold for Class 1 NICs (employees) and the Lower Profits Limit for Class 4 NICs (self-employed) from 6 July 2022. This will align it with the income tax personal allowance which is set at £12,570 per annum
• from April 2022, self-employed individuals with profits between the Small Profits Threshold (SPT) and the Lower Profit Limit will not pay Class 2 NICs, but will be able to continue to build National Insurance credits

To help small employers:
• the Employment Allowance will be increased by £1,000 from 6 April 2022 to £5,000

If this affects you and you have questions, please get in touch.
If you are a limited company director wondering how you will be affected by taking an income made up of the income tax personal allowance plus dividends, please contact us.

21/06/2021

Introducing Prestige Car Valeting

Professional car valeting services, available both mobile and at our location in Warminster. We offer a variety of services using high quality products at affordable prices.

28/02/2021

We are looking for a payroll manager.

Hours will be part time but every day.

Experience of payroll in a practice or bureau environment is preferred.

Knowledge of Payroll Manager software is a definite advantage.

Experience of complex payrolls with multiple additions/deductions essential.

Experience of Nest pensions, CIS and furlough claims also desirable.

Pay negotiable.

Please e-mail CVs to [email protected]

02/12/2020

Only 60 days left to file your tax return!

12/08/2020

Looking for a professional cleaner for 2 hours per fortnight at our office in Chantry.

Please send us a message if you are interested.

15/07/2020

We are recruiting for a part time bookkeeper/payroll member of staff.
We are looking for someone to work 20 hours over 5 days.
Experience of Moneysoft & Xero would be a huge benefit.
Practice experience preferred.

Please send CV to [email protected]

06/04/2020

Just a reminder to you all...

Today is the start of the new 2020/2021 Tax Year!

If any clients over the next few weeks would like to organise getting tax return records to us, please call us on 01761 402 791.

03/04/2020

You may be eligible for help with your business due to the current crisis, please check the below links...

Mendip -
https://www.mendip.gov.uk/businessrates
Wiltshire -
http://www.wiltshire.gov.uk/business-advice-support-covid19

Please contact us if we can help - 01761 402 791

National Non-Domestic Rates (NNDR), or business rates, collected by local authorities are the way that those who occupy non-domestic property contribute towards the cost of local services.

26/03/2020

An update on what we know so far...

https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses

VAT:
You do not have to pay any VAT due between 20th March and 30th June 2020
Returns still need to be filed or you may receive a penalty
Deferred VAT will need to be paid by 5th April 2021.
You will need to cancel your direct debit to ensure these are not taken as normal.

Self Assessment:
Payments on account have been deferred, all July 2020 payments will instead need to be paid January 2021. The payment deadline of income tax due for year ending April 2020 will be extended to April 2021.

We hope you are all keeping safe!

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