C Todd & Co

Using Your Own Car For Work

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Fri, 26 Feb 2010 10:21:00 +0000

HMRC have updated their guidance on using your own vehicle for work.

The guidance needs to be read in conjunction with the mileage rates which for those using their own car for work purposes are unchanged at 40 pence a mile for the first 10,000 miles dropping to 25 pence a mile thereafter.

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

Statutory Payment Rates 2010/11

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Fri, 26 Feb 2010 10:13:00 +0000

The new Statutory Payment Rates for 2010/11 have been announced.

The new rates are as follows:

The current Statutory Sick Pay (SSP) weekly rate of £79.15 is being retained for 2010/11.

The Statutory Maternity Pay (SMP) standard rate will be £124.88 for payment weeks beginning on or after 4 April 2010. The current rate is £123.06.

The same weekly rate applies to Statutory Paternity and Statutory Adoption Pay.

If you would like any help with any of these statutory payments please do get in touch.

Internet link: Business Link Statutory Payment Rates

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

Further News on HMRC Incorrect PAYE Tax Codes

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Fri, 26 Feb 2010 10:11:00 +0000

HMRC are advising employees that between January and March 2010 they will be issuing new PAYE coding for 2010/11. The tax codes should reflect the individual's personal circumstances and include the tax allowances and reliefs that individuals are entitled to.

HMRC are advising that this is the first time the annual coding process will take place using HMRC's new computer system for processing PAYE, known as the National Insurance and PAYE Service (NPS). HMRC are expecting more employees than usual, approximately 25 million, to receive coding notices because of the new system.

However, it appears that there may be a problem with the new coding notices, according to the Chartered Institute of Tax President Andrew Hubbard
"Most people on PAYE are used to assuming that what the taxman sends them is correct. Many file away coding notices without even bothering to check them."

"But this year, many of them are being given wrong information, and unless they spot it and tell HMRC, their employer will receive the wrong information too, and they could get a nasty shock when they open their April pay packet and see it is as much as a hundred pounds lighter than they are expecting."

According to the CIOT website

'Those affected are thought to include taxpayers who have left a job in the last few years. The HMRC database appears to have 'lost' the information it holds about people leaving jobs and as a result is combining taxpayers' current employment records with old data and concluding that they have two (or more) jobs and much higher earnings than they do.

Anyone with two jobs normally has their personal allowance (the portion of your income you do not have to pay tax on) counted against the job with the highest wage. As a result of the error many people will, in effect, have their personal allowance split between two jobs or allocated to a job they no longer have, meaning their current employer will be obliged to deduct too much income tax.

The personal allowance will be £6,475 for most people under 65 in 2010/11. If the whole of that personal allowance is wrongly applied that would cut a basic rate taxpayer's pay packet by about £108 a month or £1,295 a year.'

If you receive a new tax code and are unsure whether or not it is correct please let us know so we can check it for you.

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

HMRC Are Issuing Incorrect PAYE Tax Codes

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Fri, 26 Feb 2010 10:09:00 +0000

HMRC have updated their guidance on the issue of multiple or incorrect PAYE tax codes to some employees following the introduction of their new National Insurance and PAYE computer system.

HMRC have admitted that the changeover to the new system has brought to light some discrepancies in their records which have resulted in some incorrect coding notices being issued.

HMRC advise that three main situations may result in incorrect coding notices. Their updated guidance states that:
a previous employment stopped some time ago but HMRC's system has not picked this up and a Coding Notice has been sent for that employment

two notices have been sent for the same employment

the code BR (basic tax) or DO (higher rate tax) has been given for an employment or pension for the first time.

HMRC advise that they will try to correct as many of these discrepancies as possible well in advance of the new tax year.

Please do get in touch if you would like us to check your tax code.

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

Student Loan Repayments

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Fri, 26 Feb 2010 10:07:00 +0000

HMRC have announced a new initiative to reduce student loan over repayments for those ex students who repay their loan through PAYE deductions.

Ex students have been in the position whereby it has been difficult for them to avoid over repaying their student loan as the loan term came to an end. This is due to the time delay between their employer making deductions from their salary each month and submitting an annual return showing the individual repayment amounts for each employee.

Ex students will now be able to opt out of PAYE repayments in the last 23 months of repayment and transfer to a Direct Debit arrangement. This should mean that the ex student will not over repay their loan.

This new initiative has been introduced by the Student Loans Company (SLC). The SLC will try to contact borrowers shortly before the last 23 months to offer and arrange this option. However if a borrower is aware that they are reaching this point they can contact the SLC direct and arrange to repay the balance of their loan in this way.

Employers will not have to change their procedures as their authority to stop making deductions comes from HMRC on a form SL2 Stop Notice and this authority will be issued in the normal way.

Internet links: HMRC Student Loan Advice ~ SLC Repayment Website

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

HMRC Managed Payment Plans

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Fri, 26 Feb 2010 10:04:00 +0000

HMRC has announced that they will launch a new method of paying tax liabilities, known as Managed Payment Plans, in April 2011.

The plan could be entered into by any individual taxpayer making payments under Self Assessment (whether final payments or payments on account) and by companies, under corporation tax self assessment. Group companies and those already subject to quarterly instalment arrangements will be unable to apply.

In order to be able to take advantage of the scheme, which allows the tax to be paid in monthly instalments, taxpayers will have to meet certain conditions:
The taxpayer has made their self assessment for the year.

All previous tax must have been paid or time to pay arrangements must already be in place.

Payments must be made by direct debit.

Payments need to be made in equal monthly instalments on 15th of each month spread symmetrically either side of the payment date. In order to take advantage of a full twelve months to pay, taxpayers will need to make their self assessment and propose their plans by the following dates:
31 October for SA taxpayers who are required to make payments on account on 31 January and 31 July;

31 July for SA taxpayers who only have a final 31 January payment to make;

six months before the normal due date for payment for CTSA.

The deadlines for the submission of returns are tight. If you are interested in taking advantage of the payment option please do get in touch so we can look into the matter for you.

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

HMRC Offer Advice on Fraud E-mails

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Fri, 26 Feb 2010 10:01:00 +0000

HMRC are warning taxpayers to be vigilant as there have been several reports of scam emails offering a tax repayment. Taxpayers should not respond to any email promising a tax repayment.

The email advises the recipient they are due a tax refund and directs them to an online form to provide bank or credit card details for the payment of the "rebate".

Where taxpayers believe they may have been the victim of an email scam they should report the matter to their bank/card issuer as soon as possible.

HMRC are advising that those providing their details have had their accounts emptied and credit cards used to their limit. Victims are also at risk of having their personal details sold on to organised criminal gangs.

HMRC are expecting an increase in this type of email as following the Self Assessment filing deadline, many taxpayers will be waiting to receive confirmation of their repayment.

HMRC said: "We only ever contact customers who are due a refund by post. We never use emails, telephone calls or external companies in these circumstances. We strongly urge anyone receiving such an email to send it to us for investigation before deleting it."

HMRC's further advice is to:

Check the advice published at www.hmrc.gov.uk/security/index.htm to see if the email you have received is listed.
Forward suspicious emails to HMRC at phishing@hmrc.gsi.gov.uk and then delete it from your computer/mail account.
Do not click on websites, links contained in suspicious emails or open attachments
Follow advice from www.getsafeonline.co.uk
Check with HMRC at http://www.hmrc.gov.uk/security/fraud-attempts.htm

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

Winter Weather and Employee Rights at Work

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Sat, 09 Jan 2010 18:00:00 +0000

In winter weather what are the rights of employers and employees when it comes to being paid or not if you cannot make it in to work.

On the BBC News website is a handy guide which explains employer and employee rights.

http://news.bbc.co.uk/1/hi/business/8442851.stm

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

First Aid at Work

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Sat, 28 Nov 2009 12:56:00 +0000

The Health and Safety Executive are reminding businesses that the guidance for first aid at work changed from 1 October 2009.
To insure that you are complying with the revised requirements please visit the link below.
Internet link: HSE Website

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

Online Filing of VAT Returns

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Sat, 28 Nov 2009 12:54:00 +0000

HMRC are reminding businesses that new rules on how VAT returns are submitted and payments are made will come into force next year. Paper VAT returns will be phased out from 1 April 2010.
As a start of this phasing out process, businesses with:
annual turnover of £100,000 or more, and
all businesses which register or should have registered for VAT on or after 1 April 2010
will need to submit their VAT returns online and make payments electronically from April 2010.
Those businesses that are already VAT registered, with a turnover below the threshold, will have the choice to use paper returns but this will be reviewed by 2012.
Further guidance has been issued together with details of the penalties for failing to make an electronic return. The penalties will be:
turnover £100,000 (VAT exclusive) and below - £100
turnover £100,001 to £5,600,000 - £200
where turnover exceeds £5,600,000 the penalties charged will be higher.
HMRC have announced a period of grace which means that penalties will not be imposed initially, however periods ending on or after 31 March 2011 will be charged. This grace period is to allow businesses to adjust to the change in procedures.
HMRC have also announced simplified procedures for agents to submit their clients VAT returns, so please do get in touch if you would like any further advice in this area.

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

Swine Flu and SSP

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Sat, 28 Nov 2009 12:53:00 +0000

Under existing rules for Statutory Sick Pay (SSP) employees can self certify for the first seven days of their illness and employers cannot ask for medical evidence during this period. There has been no change to this requirement.
If employees are ill for more than seven days, employers can ask for reasonable evidence that they are not able to work and decide what, if any, further information they may need.
During the swine flu pandemic, employers are being asked to consider other evidence (instead of a doctor's certificate) as proof of an employee's illness. This will hopefully help to reduce the burden on GPs.

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

Parties for Employees

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Sat, 28 Nov 2009 12:52:00 +0000

Are you planning a party for your employees?
The good news is that, unlike entertaining customers, the costs of entertaining employees are generally allowable against the profits of the business.
But what is the tax treatment for the employees themselves? Is it a perk of their jobs and will they have to pay tax on a benefit?
Generally, as long as the total costs of employee annual functions in a tax year are less than £150 per attendee (VAT inclusive) there will be no tax implications for the employees themselves.
In considering this limit make sure you have included all the costs, which may include not only the meal itself but also any drinks, transport and accommodation that you provide.
If the costs are above the £150 limit then do get in touch so we can advise you how best to deal with them.

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

VAT and New Years Eve Traders

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Sat, 28 Nov 2009 12:49:00 +0000

If you are going to be out celebrating on New Year's Eve or indeed if your business will be operating over midnight, you will be glad to hear that the Government has announced a relaxation of the VAT rules.
Pubs, clubs, restaurants and other retail businesses remaining open past midnight on New Year's Eve will be allowed to continue charging VAT at 15% on their sales until they close or until 6am on 1 January 2010, whichever is the earlier.
Similar arrangements will apply to telecommunications companies in respect of calls and texts made up to 6am on 1 January.

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

2009 Pre-Budget Report

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Sat, 28 Nov 2009 12:47:00 +0000

Alistair Darling will make his Pre-Budget statement to the House of Commons on Wednesday 9 December 2009 at 12:30.

We will all of the important information on this site soon after the statement.

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

31 October Self Assessment Tax Return Deadline

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Fri, 30 Oct 2009 19:56:00 +0000

HMRC are warning taxpayers who wish to file a paper (non electronic) tax return for the 2008/09 tax year, should generally reach them by midnight on Saturday 31 October 2009 (or be hand delivered by Monday 2 November).
However, due to proposed postal strike action, HMRC are further advising that returns:
posted before the 31 October but not delivered by that date (proof of posting will be required) or
hand delivered to a local tax office, if more convenient
will also not attract a late filing penalty.
The deadline for filing returns may be later in some circumstances for example:
you received your tax return or a letter (called a 'Notice to File') telling you to file online after the 31 July
there's no software available to file your tax return online for example Non-Resident Companies.
If you fail to make the paper filing deadline, please do get in touch if you would like us to help you file your return online.
Taxpayers generally have until 31 January 2010 to submit their self assessment return online.

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

Online Payroll Starter and Leaver Forms

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Fri, 30 Oct 2009 19:53:00 +0000

HMRC are reminding employers with 50 or more employees that they should now be filing online their starter and leaver information online. The forms which need to be filed electronically, and should have been online since 6 April 2009, include:
P45 (Part 1) – details of employee leaving
P45 (Part 3) – new employee details
P46 – details of employees starting work who do not have a P45
P46 (Pen) – new pension details
P46 (Expat) – details of those seconded to work either wholly or partly in the UK whilst remaining employed by an overseas employer
Penalties
HMRC advise that they will shortly begin issuing warning letters to those employers with 50 or more employees who are still not filing their starter and leaver forms online. These warning letters will refer to paper submissions made up until 5 January 2010 and will only refer to one paper submission.
From the start of the fourth quarter of 2009/10 (6 January 2010) HMRC will begin charging penalties to those employers with 50 or more employees who send HMRC starter and leaver notifications on paper.
Penalties will range from £100 to a maximum of £3,000 depending on the number of paper forms sent in paper format.
The first penalty notices will be sent in April 2010. Although this is some time away it is important to check that employers are sending starter and leaver notifications online.
Internet link: Employer Bulletin

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

Tax Relief on Nursery Vouchers to be Withdrawn

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Fri, 30 Oct 2009 19:47:00 +0000

In his speech to the Labour Party Conference, the Prime Minister, Gordon Brown announced an extension of free nursery places, to be financed by the withdrawal of the tax and National Insurance (NIC) exemptions for childcare vouchers.
The proposal is that the provision of free nursery places will be extended to two year-olds (this would be on top of the existing free childcare available to three and four year olds). It is expected that 250,000 children will benefit from this by 2015/16.
However, the quid pro quo would be the eventual withdrawal of tax and NIC exemptions for employer provided childcare vouchers. Currently employees are exempt from tax and NIC on childcare vouchers provided by employers. The exemption is available on the first £55 a week of vouchers per employee, as long as a range of conditions are met. Any excess over the £55 is liable to tax and to NIC (both employees' and employers' contributions).
Under the proposals, it appears that from April 2011, employees who join an employer-supported voucher scheme will not be entitled to the current tax and NIC exemptions. Those already receiving vouchers will be unaffected until April 2015, when the exemptions for vouchers will be withdrawn completely.
More details are expected in the 2009 Pre-Budget Report.
Internet link: Childcare Vouchers

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

Tips Don't Count Towards the National Minimum Wage

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Fri, 30 Oct 2009 19:45:00 +0000

As you may be aware the National Minimum Wage (NMW) rates increased from 1 October 2009 to:
an adult rate of £5.80 an hour. This is payable to those age 22 and over.
a development rate of £4.83 for those aged 18 – 21
and for 17 year olds a rate of £3.57 an hour.
A change was made from the same date, to the elements of pay which can count towards the payment of the NMW rate. Tips, gratuities, cover charges and service charges do not count from 1 October 2009 towards NMW in any circumstances. This is a change to the previous rules which allowed such payments to count towards the NMW rate in certain circumstances.
As detailed on the Business Link website:
“…before 1 October 2009, tips, gratuities, service charges and cover charges did count towards the NMW as long as you paid them to your workers through your payroll. They no longer count towards the NMW, regardless of whether they are paid through your payroll or are given direct to workers by customers or a tronc master.”
If you have any queries on the NMW, or how this change impacts on your employees, please do get in touch.
Internet links: Business Link Website ~ Employer Bulletin

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

Paying PAYE on Time

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Fri, 30 Oct 2009 19:35:00 +0000

HMRC are warning employers that from May 2010 they may have to pay a penalty if they do not pay their PAYE on time. These are generally due each month, on time and in full.
HMRC will implement late payment penalties for payments due from May 2010. From then on, employers may have to pay penalties if they make more than one PAYE payment late in a tax year. The new penalties will apply to all employers, including large employers (those with more than 250 employees) who currently are subject to a Mandatory Electronic Payment surcharge.
HMRC are advising employers to let them know if they are likely to have difficulty making a payment on time, so that arrangements can be made and penalties can be avoided. Their guidance states that where employers enter into 'time to pay' arrangements, before the liability becomes due, no penalty will be charged.
Penalties for late payment start at 1% increasing to 4% depending on the number of late payments in the year. Extra penalties will be added where liabilities our outstanding for a further six and then 12 months.

Internet link: Employer Bulletin

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

Online Filing of VAT Returns

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Thu, 08 Oct 2009 08:00:00 +0000

HMRC are advising businesses that new rules on how VAT Returns are submitted and payments are made will come into force next year.
Paper VAT Returns will be phased out from 1 April 2010.
As a start of this phasing out process, businesses with:
VAT (exclusive) annual turnover of £100,000 or more, and
all newly registered VAT businesses
will need to submit their VAT returns online and make payments electronically from April 2010.
Those businesses that are already VAT registered, with a turnover below the threshold, will have the choice to use paper returns but this will be reviewed by 2012.
Please do get in touch if you would like any further advice in this area.
C Todd & Co are registered as agents for Online Filing with HMRC and we have adopted Online Filing as our preferred method of submission. We advise our clients to adopt Online Filing as soon as possible, and offer a service to submit our clients’ VAT Returns online on your behalf.

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

National Minimum Increases 01 October 2009

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Mon, 28 Sep 2009 19:05:00 +0000

The adult rate of the National Minimum Wage (NMW) increases to £5.80 (£5.73) an hour from 1 October 2009. This is payable to those age 22 and over.
The hourly development rate increases to £4.83 (£4.77) and for 16 and 17 year olds to £3.57 (£3.53) an hour.
HMRC are able to charge penalties to those employers found to be in breach of the NMW rules.
If you have any queries on the NMW please do get in touch.
Internet links: NMW Rates ~ HMRC Guidance on Penalties

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

Redundancy Pay

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Sun, 06 Sep 2009 12:42:00 +0000

The weekly maximum pay which can be taken into account when calculating statutory redundancy pay is set to increase from 1 October 2009.
Employees who have at least two years’ continuous service qualify for a redundancy payment.
The entitlement is as follows:
for each complete year of service until the age of 21 - half a week’s pay;
for each complete year of service between the ages of 22 and 40 inclusive - one week’s pay;
for each complete year of service over the age of 41 - one and a half weeks’ pay.
A week’s pay is that to which the employee is entitled under his or her terms of contract as at the date the employer gives minimum notice to the employee. The maximum statutory limit for a week’s pay is £350 with effect from 1 February 2009 and will increase to £380 with effect from 1 October 2009. The maximum service to be taken into account in calculating redundancy is 20 years. This means that the maximum statutory payment cannot exceed 30 weeks’ pay or £10,500 (£11,400 Oct 2009).
The maximum week’s pay figure is generally reviewed annually however the £380 limit will continue until 1 February 2011. Employers may, of course, pay in excess of the statutory minimum.
Internet link: Direct Gov Website on Redundancy

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

Pension Changes Ahead

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Sun, 06 Sep 2009 12:39:00 +0000

Under provisions contained in the Pensions Act 2008 employee pension enrolment and employer contributions are to be made compulsory.
These provisions, which are due to come into force in 2012, cover the automatic enrolment of qualifying workers into a qualifying workplace pension scheme and a duty on employers to make contributions to such a scheme. To ensure that employers are able to comply with these duties a universal personal account scheme is being created.
The main details of the scheme are:
automatic enrolment of eligible employees aged between 22 and state pension age earning over £5,035 per annum (unless employee opts out);
employer contributions of 3% on a band earnings, initially set as £5,035 -£33,540;
employee contributions of 4%, with an additional 1% funded by the government in the form of tax relief;
both employer and employee contribution levels will be phased in over three years;
an enforcement regime led by the Pensions Regulator, with powers to penalise employers who do not comply with the regime.
Consultations and regulations will be issued in the lead up to the introduction of the legislation. These should make it clearer what is expected of employers and pension schemes in anticipation of the new regime starting in April 2012.
The Personal Accounts Delivery Authority (PADA) has recently launched a “myth busting” campaign in advance of the rules taking effect in 2012.
Internet links: Pensions Reform

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

VAT to Return to 17.5% in 2010

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Sun, 06 Sep 2009 12:38:00 +0000

HMRC have issued guidance for businesses dealing with the increase in the standard rate of VAT from 15% to 17.5%. The change takes effect from 1 January 2010. They hope that by issuing the guidance well in advance of the change that businesses will have sufficient time to prepare.
If you would like guidance in this area please do get in touch.
Internet link: HMRC guidance on 17.5%

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com

Paper Tax Return Deadline Looming

noreply@blogger.com (C Todd & Co ~ Chartered Certified Accountant) — Sun, 06 Sep 2009 12:35:00 +0000

For those wishing to complete paper self assessment tax returns, the filing deadline of 31 October 2009 is fast approaching.
The 31 January 2010 deadline remains for online submission of 2008/09 self assessment tax returns.
Those wishing to make a paper return need to start compiling the information they need now. This includes a copy of forms P60 and P11D, self-employment accounts, records of savings and investments, and details of any untaxed income.
At C Todd & Co we are fully registered for online filing of all returns and we have adopted online filing as our preferred method of submission.

C Todd & Co ~ Chartered Certified Accountant in Broomhill, Sheffield ~ www.c-todd.com