Payment of Corporation Tax – Making your life easier
31 December 2019 is the deadline to pay Corporation Tax for companies with period end 31 March 2019. If you haven’t paid your corporation tax yet, we have made a special guide to help you do that. If you have any problems paying your corporation tax, you can contact the Corporation Tax Helpline on 0300 200 3410. it is our privilege to assist our customers and make your interaction with HMRC easier. To access these guides just click HERE
HMRC Personal Tax – Taxman may be chasing you for payment
31 January 2020 is the deadline to pay any personal tax for individuals for tax year 2018-19 (year ended 5 April 2019). You may have personal tax for 2018-19, if you had any dividends, or if you had any employment, self-employment, rental or other personal income. HMRC requires payment for tax year 2018-19, together with a deposit of 50% for the year 2019-20 (called “1st payment on account”). If you have received a “Self Assessment Statement” from HRMC, you need to pay it. If you wish to challenge the deposit for 2019-20, you can do so by filling this form: https://www.gov.uk/government/publications/self-assessment-claim-to-reduce-payments-on-account-sa303. You still need to pay the tax for 2018-19. For more info please call 0300 200 3310. If you have not received a demand for payment of personal tax, this most likely means that you do not have any personal tax to pay for year 2018-19.
Digital Bank Statements – Making your life easier
To help our clients, we have created an easy to use and understand guide explaining how to download your bank statements in digital (Excel) format. In this way, we can process your information easier, which keeps your service less expensive. Also, you can use the Excel data to manage your company easier. It is important to regularly download your transactions in Excel format, maybe every 6 months or yearly, as some banks (e.g. NatWest) only allow you to download in Excel only 12 months back in time from today’s date. By having a record of your transactions in a digital excel format you will reduce the time needed to process them, if you get an HMRC investigation (enquiry), or if we need to do additional work on a CIS claim, etc. You may potentially save a lot of time and money. Similarly, we have also made guides on how to set up standing orders which could be useful to you.
To access these guides just click HERE
Brand New Website – Out with the old, In with the NEW
Over the past few months we have been working on a new and improved website. With it you can much easier find relevant contact information, access the newsletters and guides we make, and with more features to come soon. We aim to constantly improve our service to you. If you have any thoughts or suggestions about it feel free to email: Media@mg-accounting.com with the subject line: New Website
Christmas break – Time to relax and reflect
It is this time of the year again. On behalf of MG Accounting, we would like to express our gratitude for trusting us to be your accountants. It is a real privilege to serve you and make sure your company duties are complied with. We also need a break, so our office will be closed from 20th December to 5th January, and will reopen on 6th January 2020 at 11am. Our wishes to you are for a happy Christmas and a blessed New Year!