DS January Newsletter & HMRC Updates
Good Morning!
Happy New year!! (is it too late to still be saying that?!)
The end of January is here! As many of you know, January is our busiest month due to the tax deadline, so Id like to thank you all with your patience with replies being a little longer this month for any non January deadline related work.
Reminder: If you have ha a Tax Return submitted for 2022-23, the deadline for paying is TODAY
What's new with DS Business Support
We are proud to be offering hotdesking. 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
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. Xero has now realised a payment software that links your bank straight to your bills - 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
HMRC Updates
HMRC have issued there new employer bulletin, you can find it on the following link. This link also reiterate the NI changes
December 2023 issue of the Employer Bulletin - GOV.UK (www.gov.uk)
I know the below has been in the last few newsletters, but I think its important to keep this one here again, as it kicked in, this month
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
Autumn Statement 2023: National Insurance Factsheet - GOV.UK (www.gov.uk)
Corporation Tax Changes
HMRC 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 link
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 changes
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
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
Financial Planning - Ed - Mckenzie & Co - edward.schwarz@sjpp.co.uk
Mortgage Advise - becky@kingsbridgemortgages.co.uk