Make sure that your Personal Allowances in a Tax Year are used fully. Personal allowances CANNOT be carried forward to a later tax year.
STEWART M HAMMOND, B.Sc (Econ) F.C.C.A
We are a friendly, personal practice offering a complete range of accounting and consulting services aimed at helping the self-employed, small businesses and limited companies.
If you're in Wales or the South West and are concerned about tax returns, allowances, tax deadlines, record-keeping or even investment options, do get in touch - we'd be happy to help you get the best possible outcomes.
Registered as Auditors and regulated for a range of Investment Business Activities in the United Kingdom by The Association of Chartered Certified Accountants
Call 029 2088 6996 for a chat about your needsMake sure that your Personal Allowances in a Tax Year are used fully. Personal allowances CANNOT be carried forward to a later tax year.
For Capital Gains tax purposes, ensure that, where possible, transactions are carried out at the beginning of the tax year (after 6th April) in order to gain the maximum amount of time before paying tax to HMRC.
e.g. If you sold a second property after 6th April 2018 - any tax liability would not be payable to HMRC until 31st January 2020!
If you are an employee using your own car or van for your employers business*, make sure that you claim the full tax-free mileage allowance payment of 45 pence/mile for the first 10,000 miles. If your employer is re-imbursing you for less than this amount - then you need to claim tax relief on the difference from HMRC.
* not applicable to normal travel between home and work.
It's very important that, for Start Up Businesses, the record-keeping, notifications to HMRC, together with contacting and liaison with Banks and Government Agencies are dealt with in the correct way. (see FAQ's)
If Funding is required, then we have excellent links with the major High Street Banks together with good contacts within the secondary Lending Sector.
We have helped many clients achieve successful and
speedy Funding applications.
Hammond and Co can also provide help and advice with your Business Plans; Cash flow Forecasts and Budgets.
Stewart Hammond offers a free half-hour consultation - so you can judge for yourself.
Mon-Fri : 9.00am - 5.00pm
Hammond & Co
22 Golwg-Y-Coed
Hendredenny
Caerphilly
CF83 2UA
Call 029 2088 6996 for an informal
chat
or to book an appointment
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