Lovely to see the wonderful ladies at The Medway Foodbank this morning. We have supported this charity since 2016 and will continue to do so for as long as we can. #charity #community #love #foodbank

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Want a behind the scenes look into ACL? Head over to our blog to see what we've been up to: https://www.aconnect.co.uk/whats-new/our-news/ #blog #accountant #accountantblog #smallbusiness #smallbusinessblog #lifeofanaccountant #behindthescenes

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Happy Monday! Keep on pushing, whatever the day throws your way 👍 #monday #mondaymotivation #motivation #staypositive #pma

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Struggling with your self-assessment tax return? Construction workers, we understand the pain. Let us take care of it all. Our professional team will prepare and submit your 2022/23 tax return to HMRC, guaranteeing compliance and accuracy. Act now and get your cash back fast!

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Do you have a payroll scheme in place? If you're paying salaries to employees or directors, you need to register for PAYE and pay over any tax and NI deductions to HMRC. Monthly payments are due by the 22nd of the following tax month, or by the 19th if you pay by post ✉️

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Payments on account are advance payments towards your tax bill. You have to make 2 payments on account every year unless: - your last Self Assessment tax bill was less than £1,000 - you paid more than 80% of the previous year’s tax you owed Each payment is half your previous year’s tax bill, and payments are usually due by midnight on 31st January and 31st July. For more information please visit: https://www.gov.uk/understand-self-assessment-bill/payments-on-account

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Expenses - confusing right? Not really! HMRC has a general rule when it comes to what you can claim against your taxes, as long as whatever you're purchasing, is wholly and exclusively for the purpose of running your business, then you can deduct it against your taxable income 👍

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Monday motivation - if you or your business need a little help in the right direction, get in touch today! 📞 (01634) 540340 ✉️ [email protected] #motivationalmonday #motivationalquote #motivation #monday

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Did you know that you can use your Government Gateway account to check your tax code, employment history, file your self assessment and more! As a Limited company you can also use it for other services such as Corporation Tax, PAYE and VAT. You should treat your log in details as you would your online banking details, keep them safe and never give them out! #hmrc #governmentgateway #PAYE #VAT #CT #soletrade #sme

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Do you receive employee benefits such as a company car or private healthcare? Did you know that these benefits are taxable? Your employer will report these benefits to HMRC by July 6th (following the end of the tax year) using a P11D form. If you are employed, but still need to complete a self assessment tax return, you will need a copy of your P11D, which your employer can give to you 📝

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This time last week we had the absolute pleasure of taking part in some team building activities, which included creating stain glass mirrors and wave glass art, with the wonderful Mona Whitton Art💙 #teambuilding #artsandcrafts #glassart #stainglass

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If you have undisclosed rental income, you may want to make the most of HMRC's Let Property Campaign. The Let Property Campaign is an opportunity for landlords who owe tax through letting out residential property, in the UK or abroad, to get up to date with their tax affairs in a simple way and take advantage of the best possible terms. For more information, or to see how we can help: ✉️ [email protected]

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#happyfathersday #fathersday #father #dad #dadtobe

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The office will be closed today for important internal training. Don't worry, we will be back open at 8am on Monday - have a great weekend! 📚💻📝

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Today we had a lovely unexpected delivery from a client who had an urgent VAT issue that saw a member of our team spend most of their day the other day on the phone to HMRC to fix it for them #loveourclients

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Payroll getting your head in a spin? We're here to help! 📞 (01634) 540340 ✉️ [email protected] #payroll #accounting #kent #medway #rochester #accountantinkent

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Just to make our clients aware, HMRC are trialling seasonal opening hours for the Self Assessment helpline - you will be encouraged to use the digital chat instead. This will be the case from 12th June - 4th September 2023. To find out more, click here: https://www.gov.uk/government/news/hmrc-to-trial-seasonal-self-assessment-helpline--2

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Considering online accounting software? Xero automates tasks that used to take up a lot of time, from reconciling bank transactions to sending invoice reminders You can keep essentials like invoicing and payroll at your fingertips with the mobile app too! For more information visit: https://www.aconnect.co.uk/services/xero/ #xero #cloudaccounting

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Are you a subcontractor working under the construction industry scheme? Did you know you should receive a written deduction statement from your contractor each time you are paid? You should receive this within 14 days of the end of each tax month, and is vital for reclaiming any overpaid tax from HMRC 🔨🔧 https://www.gov.uk/what-you-must-do-as-a-cis-subcontractor/pay-tax-and-claim-back-deductions #cis #subcontractor #constructionindustry #constructionindustryscheme #tax

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#modaymotivation #motivation #pma #keepgoing

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Did you know the majority of CIS subcontractors get a refund every year? So why wait? File your tax return now! Contact us today 📞 (01634) 540340 #cis #taxreturn #dontdelayfiletoday #subcontractor

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Did you know that branded workwear is a fully tax deductible expense, this is also the case for PPE. If you're not sure what you can claim, including workwear, or need some extra help with your return, get in touch today 📞

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The long weekend is approaching! Here's hoping yours is filled with fun, and if you're lucky, a little bit of sun ☀️ #weekend #bankholiday #bankholidayweekend

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Did you know, training courses to enhance your professional skills are a fully tax deductible expense? #selfemployed #sme #whatcaniclaim #taxdeductable #accountantinmedway #accountantinkent

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Do you ever wonder what we get up to behind the scenes here at ACL HQ? Check out our latest blog for an insight into what we do for our clients, and more! https://www.aconnect.co.uk/whats-new/our-news/ #blog #whatsnew #accountant

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If you have opted to complete you self assessment tax return on paper, the deadline for this to be received by HMRC is 31st October! You will still have until the 31st January to get any liabilities paid 📝

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In January 2023 HMRC launched a one-to-many (OTM) letter campaign aimed at people who earn money from online marketplace sales, and people who earn money from content creation on digital platforms, in an attempt to help these people understand and meet their tax paying obligations under the UK tax system. Here we explain the approach being used by HMRC, and what to do if you either earn money from one of these sources, or if you receive a letter: https://www.aconnect.co.uk/2023/05/online-sales-and-digital-content-creation/ #otm #onetomany #digitalcontentcreation #tax #onlinesales

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Our ultimate mission is to help as many small business owners as possible achieve their personal and business goals through careful accounts and taxation management. If you need a helping hand, get in touch today!

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The biggest change to affect the UK corporation tax system has come into force from 1 April 2023. Do you know how the changes will affect you and your business? Have you made appropriate plans to mitigate the potential losses? Here we will explain how corporation tax works, and what you can do to mitigate your losses under the new regime: https://www.aconnect.co.uk/2023/05/2023-corporation-tax-changes/ #corporationtax #corptax #tax #taxupdate

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Did you know, your Government Gateway account isn't just for filing your tax return? You can use your account to make payments to HMRC, check your tax code is correct, see your pension contributions for the last 5 years and more! #hmrc #governmentgateway #tax #pension

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We're already through the first month of the new tax year! Did you know that now is the best time to file your 2022-23 tax return? Not only does it give you more time to budget for your potential tax bill, but if you are due a rebate you'll get it back sooner! #dontdelayfiletoday #selfassessment #satr

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When it comes to what you can claim against your taxes, HMRC have a general rule. As long as your purchase is wholly and exclusively for the purpose of running your business, then you can deduct it against your taxable income. So when you go out and buy something, you need to think "Am I buying this just to run my business?" If the answer is yes, it is more than likely that you can deduct it for tax purposes So remember, wholly and exclusively.

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Thinking of starting up a new business? Find out how we can help: https://www.aconnect.co.uk/services/start-up-businesses/ #smallbusiness #sme #newbusiness #startup

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#stgeorgesday #stgeorge

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Meet the faces behind Accounting Connections Limited! For more information about us, and how we can help you and your business, visit our website: www.aconnect.co.uk

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Capital gains tax annual exempt amount, has reduced from £12,300 to £6,000! For more info visit: https://www.gov.uk/capital-gains-tax

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Parental pay has now increased from £156.66 per week, to £172.48! #parentalpay #smp #spp

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