February 2020 - Appleleaf Accountancy

making the most of pension tax allowances

Pension savings can be tax efficient if done correctly as contributions to registered pension schemes attract tax relief up to certain limits. limit on tax relief Tax relief is available on private pension contributions of 100% of earnings or £3,600, whichever is the greater. This is subject to the annual allowance [...]

reduced payment window for residential property gains

Currently, capital gains on the sale of residential property in the UK are reported on the self-assessment tax return and the total capital gains tax liability for the tax year is payable by 31 January after the end of the tax year. For example, the capital gains tax on residential [...]

national living wage – is your business ready for 1 April 2020?

From 1 April 2020, nearly three million workers are set to benefit from increases to the National Living Wage (NLW) and minimum wage rates for younger workers, according to estimates from the independent Low Pay Commission. The compulsory NLW is the national rate set for people aged 25 and over. [...]

what to do if you need to change your tax return

If, like us at Appleleaf Accountancy, you made it and breathed a sigh of relief at the end of January after meeting the self-assessment tax return deadline for 2018/19, well done it is out the way for another year. However, what can you do, if anything, if you suddenly realise [...]

do your accounts still take up too much of your time? it could be time for a change

Before we get into what I’d like to discuss with you today… If you’ve not already got your name down to join our email newsletter, you should do so today. You can click on this link to go direct to the sign-up page. Not only will you get all our latest news [...]