DS March Newsletter & HMRC Updates
Our February newsletter included a lot of information regarding the new tax year – so I thought it best to send the links again if you had missed it.
DS Business Support Notes
If you run your payroll via us, please let us know of any changes to wages by the 20th April to allow us to enter these changes into the payroll software in plenty of time for month 1 pay day
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
As the tax year is coming to a close, if you or anyone needs any assistance with your year end / SATR, please do get in touch
HMRC Updates
There have been some changes to VAT Penalties and Charges - you can find all information on the following link - VAT penalties and interest - GOV.UK (www.gov.uk)
If you run a payroll, you will need to start thinking about budgeting due to an increase in National Minimum Wage. Your payroll providers will need to be notified of any salary changes prior to your April payroll being ran to allow them enough time to amend the rates in the payroll software - Minimum wage rates for 2023 - GOV.UK (www.gov.uk)
You there are also many webinars you can join to keep up to date with any changes in the 2023 - 2024 tax year including, Class 1 National Insurance, National Minimum Wage & Statutory payments HMRC email updates, videos, webinars and community forums - GOV.UK (www.gov.uk)
More updates can also be found on HMRC February 2023 Bulletin on the following link February 2023 issue of the Employer Bulletin - GOV.UK (www.gov.uk) (there has been no updates on this bulletin since the 16th February but includes a lot of useful information and links)
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
More information 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 - henrybbx@gmail.com
Financial Planning - Ed - Mckenzie & Co - edward.schwarz@sjpp.co.uk
Mortgage Advise - becky@kingsbridgemortgages.co.uk