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News Update

Peter is delighted to tell his clients that after passing his latest examinations, he has been elected to the grade of ‘Member’ of the Institute of Certified Bookkeepers as from 10th May 2012.

HMRC Update

HMRC have changed allowances for 2012-2013

The Annual Investment Allowance (AIA) has been reduced to £25,000.

Personal allowances have increased to £8105 from £7475 for more details see http://www.hmrc.gov.uk/rates/it.htm

Higher rate (40%) Income tax ceiling has been lowered to £34,371

Electricians had just one week to register to pay any undisclosed tax that they owe under an HM Revenue & Customs campaign.

Tax Credits: Renew before 31st July 2012 deadline!