DS December Newsletter & HMRC UpdatesÂ
Good Afternoon
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Hope you all had a lovely Christmas and managed to have some downtime with friends and family.
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This year has flown by hasn’t it?!
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Id like to take this opportunity to thank you all for your support this year. As a small business, we appreciate every one of our clients. Looking forward to our continued working relationship in 2024 and seeing you all thrive in your businesses
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What's new with DS Business SupportÂ
As you are all aware, next month is January which means Self Assessment deadline. If you haven’t already paid your 2022/23 tax bill – here is your reminder that you have just a month left to pay.
Whilst we are on the subject of Self Assessments – for those of you who are yet to send over your information 2022/23 submission, please can I ask that this is with us within the next 7 days. Failure to have this with us may result in your Self Assessment being filed after the 31st January deadline which will incur penalties and fees from HMRC
NEW!!! – we are proud to announce we now have hotdesking available. Choose from one of our 3 desks to hire for a day rate of just £20.00 – or a reduced rate for a long term rent – more information, and pictures of the office / site can be found on the following link Daily Office Rentals | Offsiteoffice | Bristol (theoffsiteoffice.co.uk)
Don't forget: If you are always hands on at work and struggle to keep on top of admin and paying suppliers, we are here to take that off your to do list. We have teamed up with a great software company which integrate with your Xero - meaning any bills which are due are paid on time - without us needing direct access to your bank account. If you would like more information on this service, please let me know - this can also be used for paying wages
Don't forget, it isn't only bookkeeping we do here - we are also available as Virtual Assistants to keep on top of your emails, invoicing, chasing clients' invoices owed to you - clearing out junk emails and making you aware of only the emails which you need to action
HMRC Updates
HMRC have announced changed to National Insurance contributions from 6th January 2023 for the employed and the self-employed. This announcement is a positive one as its being reduced! You can find all information you need for this on the below link
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Corporation Tax ChangesHMRC have changed the way they are charging Corporation Tax.
- This mainly effects companies with a yearly profit of £250k and over, who will now pay 25% rather than 19%.- Corp Tax will also be changing for companies who earn between £50k - £250K profit and will be on a variable percentage charge- Profit under £50k for this year will remain on the original 19%
Full details of these changes can be found on the following linkÂ
Corporation Tax charge and rates from 1 April 2022 and Small Profits Rate and Marginal Relief from 1 April 2023 - GOV.UK (www.gov.uk)
Please let me know if you have any questions on the changesÂ
Our Sister Company – The Offsite Office
Alongside DS Business Support – we have a siter company which we run with other local bookkeepers and accountants which offers:
Registered office address – we offer a registered office address for limited companies and directors who trade from home or freelance and wish to keep their home address private and off the public register on Companies House
NEW!!! – we are proud to announce we now have hotdesking available. Choose from one of our 3 desks to hire for a day rate of just £20.00 – or a reduced rate for a long-term rent.
More information along with pictures of the office / site can be found on our website www.theoffsiteoffice.co.uk
Recommendations
We work with some great companies/individuals to ensure not only the background of DS Business Support is top notch, but also to be able to refer their services to our clients.
Website design – Kayleigh – KH Web Design kayleigh@khwebdesign.co.uk
Legal (Contracts, Waivers, Website Cookies Policy, Policies & Procedures plus much more) – All things Write – Henry - info@allthingswrite.org Â
Financial Planning - Ed - Mckenzie & Co -Â edward.schwarz@sjpp.co.uk
Mortgage Advise -Â becky@kingsbridgemortgages.co.uk