Tel: 01824 750714

Image description

 

  

MY CLIENTS

 

 

My clients are -

 

    individual taxpayers, for whom I complete Self Assessment Tax Returns and provide other 

    taxation services, and

 

    businesses, in the form of sole traders, partnerships and limited companies.

 

 

The businesses range from start-ups to the well established, and from micro to those with turnovers in excess of £1million. Examples include:

 

    Farmers

 

    Agricultural suppliers

 

    Haulage contractors

 

    Shops and hairdressers

 

    Business parks

 

    Property investors and developers

 

    Builders and building sub-contractors

 

    Painters and decorators

 

    Consultants, including medical, property and IT

 

    Professional firms

 

    Providers or artistic and musical services

 

    Providers of various business services

 

    Riding stables

 

    Children's nurseries

 

 

Many clients are in the local area of Ruthin, Denbigh, Corwen and Mold and their surrounding villages. But modern technology also enables me to look after clients further afield in England and Wales, and abroad.

    

 

 

 

 

 

 

 

  

 

Tax Data 2018/19

 

 

Corporation Tax                                 19%

 

Value Added Tax

Standard rate                                   20%

Reduced rate                                     5%

Registration threshold                   £85,000

 

Capital Gains Tax

Annual exemption for individuals     £11,700

Rate for gains+income to £34,500      10%

                      and from £34,501       20%

- but rates of 18% & 28% usually apply

  for gains on residential property.

Rate for gains qualifying for

                   Entrepreneurs Relief       10%

 

Income Tax

Basic rate on income to £34,500         20%

Higher rate on income over £34,500    40%

Add'l rate on income over £150,000    45%

Personal allowance                        £11,850

Tax on Dividends -

  tax free on first £2,000

  then at 7.5%, 32.5% & 38.1%

    depending on above income levels.

 

Capital allowances

Annual investment allowance            100%

AIA expenditure limit                  £200,000

Main writing down allowance              18%

 

National Insurance contributions

Self employed - 

  Class 2 - self employed     £2.95 per week

             - small profits threshold     £6,205

  Class 4 on profit over £8,424             9%

            and on profit over £46,350      2%

Employees -

  Class 1 on weekly pay over £162       12%

            and on weekly pay over £892   2%

Employers -

  Class 1 on weekly pay over £162    13.8%

 

Employment allowance                   £3,000

 

Inheritance Tax

Standard threshold                     £325,000

Couples' max combined threshold £650,000

Rate of tax (on death) on excess        40%

 

 

Image description