Tax Accountant in Surrey

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2017 Spring Budget #Budget2017

Spring-Budget-2017-Budget2017

Yesterday saw the Spring Budget 2017, with several updates affecting the self-employed:

Making Tax Digital(MTD)
A welcome postponement of the introduction date was announced – for those who are below the VAT threshold, the first time they will have to use MTD will be from April 2019.

This will allow a year for the systems to bed in, and the upcoming trial to finish, before MTD goes live for many people.

We are still awaiting details of the record keeping requirements under the new system, however software providers are continuing to develop software to support the five tax returns per year that will replace the current one tax return a year.

National Insurance
From April 2018 the Class 2 fixed weekly contributions will end, instead replaced with an increase to the Class 4 charged on profits.

From April 2018 Class 4 rises to 10% from the current rate of 9%.

And from April 2019 Class 4 again rises by 1%, to the new rate of 11%.

The increased rates have been cancelled – instead Class 4 will remain at the current rate of 9% when Class 2 ceases in April 2018.

Tax on Dividends
For those with investments that produce dividends, the current £5,000pa dividend allowance is reducing to £2,000pa from April 2018.

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Accountant in Surrey

Are you looking for a personal tax specialist?

I built up my tax experience in industry and practice over 17 years before founding my own practice in 2006.

Based in Cobham, Surrey I can also help clients throughout the UK.

  

My goal is to make personal tax and accounts for the self-employed as easy as possible for clients

 

Award-winning Accountant

Small Business Saturday is the UK's most successful small business campaign. Only one hundred of the UK’s top small businesses are selected each year for the SBS100. They act as trail-blazers in the official count-down towards the annual event.

I was one of the alumni from the 2014 Small Business Saturday 100, resulting in two visits to Downing Street.

In the Surrey Digital Awards from 2015 - 2018, I was also the winner of several top awards.

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