Key changes for payroll
Personal allowance to rise to 11,500 from April 2017. This means that we all would have around £112 per year more in our pocket compared to 2016/17 along with this, the higher tax bracket will rise from £43,000 to £45,000 in April 2017.
Record keeping and book keeping
Important reminders for newly formed companies: Just to highlight the importance of keeping records. HMRC can impose penalties if the records are inadequate.
Seasonal Greetings from Harris Accountancy
“It has been a year since I took over Harris Accountancy as its owner. I was delighted and overwhelmed by the support received from all! I thank you” – Shaziya Somji.
Tax and Payroll Update
Here are a few key points and changes effective from 6th April 2017. More information can be found on a number of our our previously published website articles. See full details on this page.
National Minimum Wage updates
The National Minimum Wage has gone up and that means young people are set to receive an average £450 pay rise per year. The hourly rate for the minimum wage depends on your age and whether you’re an apprentice.
