Our payroll processing service starts at £8.00 per run (excluding VAT). Outsourcing your monthly or weekly payroll can mean you can concentrate on running your business. We also offer assistance with monthly CIS returns. Contact Harrisons Accountancy for more information on our services and competitive rates. We are Accountants based in Biggleswade, Bedfordshire and are happy to meet out of hours or at your premises where required.

A reminder that from 1 January 2010, the standard rate of VAT increases from 15%, back to 17.5%. If you would like any more information on the VAT rate changes, please contact Harrisons Accountancy - Accountants in Biggleswade, Bedfordshire. From 1 April 2010, VAT registered businesses with turnover of £100,000 or more and any newly VAT registered businesses will need to file their returns online and pay any VAT due electronically. Harrisons Accountancy are able to carry out bookkeeping for clients as well as preparing VAT Returns and submission of the forms electronically. Please note that paying your VAT by Direct Debit gives up to 10 extra days payment as the payment is normally collected around the 10th of the following month.

The next phase of the companies act comes in to force from tomorrow (1 October 2009), part of which means that Companies house are replacing the forms that are to be used when making changes.

Some of the forms that are new are: -

AP01 - Appointment of a Director or Secretary (replacing form 288a)
TM01 - Terminating appointment of a Director or Secretary (replacing form 288b)
AD01 - Application to change the company's registered office (replacing form 287)
CH01 - Changing particulars of a director or secretary (replacing form 288c)
AR01 - The annual return (replacing form 363)
AA01 - Change of accounting reference date (replacing form 225)

This is only a selection of the new forms. Harrisons Accountants in Biggleswade, Bedfordshire are able to complete these forms on behalf of your company as well as offering a wide range of statutory services. If you would like any further information on the new forms, please contact Harrisons Accountancy.

 

Today Harrisons Accountants in Biggleswade, Bedfordshire are taking a quick look at the current main capital allowances from April 2009.

From 1 April 2009 (6 April 2009 for unincorporated businesses), there is a new expenditure threshold of £50,000. This means that any capital equipment (excluding cars) purchased up to this level qualifies for an 100% allowance. Please note that where the chargeable period is less than a year, the allowance is calculated on a pro-rata basis.

Expenditure over the £50,000, again excluding cars, is eligible for a 40% writing down allowance for tax purposes. Any expenditure brought forward in the businesses capital allowance pool is subject to a reduce writing down allowance of 20% (was 25%). Cars in this category (emitting more that 160g/km C02) are eligible for a 10% writing down allowance.

Cars emitting less than 160g/km C02 are eligible for 20% writing down allowance.

This is not an exhaustive list but should give some help in planning any equipment purchases to maximise the tax allowances available.

If you have any queries on capital allowances or any other tax issue, please contact Harrisons Accountancy.

Harrisons Accountants in Biggleswade prepare management accounts for clients but do you need management accounts and what are they?

Financial accounts give a picture of what has happened in the past but most people have these prepared several months after their year end. This means that a lot of the data is old and could be out of date.

Management accounts are invaluable in looking at more current information meaning management can make decisions about the future of the business. Whilst the management accounts review historical data, say for a month or quarter, these can also include forward looking to estimate the next months results or even cashflow.

Even if you are not having actual management accounts prepared for your business, it is important that you are able to evaluate how the business is doing. This can be so that cost cuts can be made in good time or so that funds can be put away for upcoming tax payments.

If you would like any further information on management accounts or are interested in Harrisons Accountancy assisting you in preparing these or preparing them on behalf of your business, please contact us.

Harrisons Accountants are a Chartered Accountancy Practice based in Biggleswade, Bedfordshire.