Free Money!

It’s not often you get offered free money.  It’s even less often that you get offered free money from the Revenue.

And it’s no piddly little amount either.  £2000.  100 £20 notes.  A family holiday.  A new guitar.  Whatever takes your fancy.

Some of you may have received through the mail a letter from 10 Downing Street.  After the initial excitement wears off, you’ll notice that it’s just a general letter about tax, and not the knighthood you may have been expecting.  Start taking notice, though – this is a tax letter worth reading.

Money is money, and this is a good offer.  With a few exceptions (check the link at the bottom of this article) small businesses can get a £2000 deduction from employer National Insurance contributions over the next year.

I have to stress – this is real money that ends up back in your pocket. 

If you process your own payroll, check that your software is taking this into account when you roll things forward into the new tax year.

If you’re not sure how to take advantage of this, or you maybe need to restructure your payroll to take advantage of it, get in touch and we’ll try to help.  As always, the number is 01634 540040, or you can email me directly at andy@aktax.co.uk.

(Oh, the link for finding out more about the tax break is: https://www.gov.uk/employment-allowance)

                                                                                                                   Andy Hyland

Avatar for Andy Hyland
Andy Hyland is the owner of AK Tax & Accountancy, the best accountants Kent has to offer. Andy and his team work with businesses across the UK using the latest cloud accounting technology to help them grow and succeed.

Comments are closed.

working with you in the cloud

XERO

Beautiful Accounting Software Xero accountants
Xero accountants

VALUES

If you don’t have integrity, what have you got? We’re committed to putting you first. This means:

Being available to you when you need us. If we can’t be available immediately, then we’ll get back to you as soon as humanly possible – and definitely within 24 hours.

You don’t get surprise invoices. Ever. Everything is agreed up front before the work is done. You’re in control of what we do for you and you know what you’re getting charged.

If you’re not happy with the work carried out, then you don’t pay. Guaranteed.

Not losing sight of the fact that we work for you. Not the Revenue. Not the government. You.

Helping you wherever we can with whatever we can. If you need something that we can’t do ourselves, then we’ll find and put you in touch with someone who can – whether it’s a solicitor, bank, IFA or anything else.

Being human, fun, and pleasant to deal with.

Using plain English and not jargon that you can’t understand. If someone talks to you and you don’t understand them, it’s their fault, not yours.