The Government has said that from January next year, consumers are no longer to be charged for paying by debit or credit card; charges to be banned. The greatest spent in charges was in 2010. Consumers spent £473m alone on…
What combination of salary and dividend should you take in 2017/18? As the owner and director of your own company, you can choose how and when to extract funds from your company. As almost all the funds you take out…
Credit card payments will no longer be accepted by HMRC. As from the 13th January 2018 HM Revenue and Customs will no longer accept payment from a personal credit card. You must have an alternative method of payment. If you…
Once you’ve been running auto-enrolment for three years you’ll need to re-enrol workers. Over the last five years there has been a seismic shift in attitudes towards retirement saving. Auto-enrolment means workplace pensions are now regarded by many employees as…
The deadline to submit your self-assessment paper tax return for the 2016/17 tax year is 31 October 2017. All income received during the tax year running from 6 April to 5 April must be accounted for in your tax return.…
Budget Update: Mr Umar Memon When I first joined Jack Ross, it was a ritual that on Budget day, the partners huddled round the radio listening to the Chancellor and trying to instantly work out the effects of the proposals…
Research and development (R&D) tax credit claims by small businesses climbed to £1.345 billion in 2015/16, according to HMRC. The revenue recently released R&D data for the previous financial year that shows claims increased from £1 billion in 2014/15 to…
Focus on your firm As 2017 is coming to an end, what a better time to start thinking about and preparing goals for your business in the upcoming year. As Xero cloud accounting specialists we can help you plan thoroughly…
Congratulations to Faisal Mustafa on winning JaxEmployee of the Year! Faisal won due to his consistent high quality work and how he gets on with everything thrown at him without complaint. Well done Faisal! Special thanks to Steph Elmore for this…
Valentine’s Day 2018 Every year at our firm, staff are rewarded for all their hard work the previous year with an Away Day. Staff are taken to a venue and treated to a day of fun filled activities (not to…
Overview of GDPR The General Data Protection Regulation (GDPR) was approved 14th April 2016 after four years of debate. It will come into effect 25th May 2018. As a result, any organisations that do not abide by the new regulations…
As one of life’s few certainties, most people are familiar with dealing with taxes. Tax is generally automatically deducted from your wages, pensions and savings. However, people and businesses with other income must make sure they report this in a…