News

TAX DIARY

19/02 PAYE & NIC deductions, and CIS return and tax, for month to 5/02/18 (due 22/02 if you pay electronically)
Read story

DID YOU GET A BIG TAX BILL AND NOW WANT SOME BACK?

Many of you will have just paid your 2016/17 tax bill before the 31 January 2018 deadline, and some of you will also have paid 50% of next year’s tax on account. Here are a couple of tax planning ideas that can help you obtain a tax refund.
Read story

EXCEEDING THE ANNUAL PENSION ALLOWANCE

If your pension savings exceed the annual pension input limit (generally £40,000) then there is an annual allowance charge. The effect of the annual allowance charge is to reduce tax relief on any pension saving over the annual allowance.
Read story

TAX DIARY

31/01 Deadline for Self-Assessment tax return for 2016/17 if filed online. Also the due date for 2016/17 balancing payment and 50% payment on account of 2017/18 tax.
Read story

TAX RELIEF FOR ENERGY SAVING TECHNOLOGY

For a number of years there has been a generous 100% tax break for businesses that install energy saving technology in their premises. This is in addition to the £200,000 annual investment allowance for plant and machinery.
Read story

PENSION PLANNING FOR 2018

For most taxpayers the maximum pension contrbution is £40,000 each tax year, although this depends on their earnings. This limit covers both contributions by the individual and their employer.
Read story

BRYDEN JOHNSON CLIENT PORTAL

Bryden Johnson are actively preparing for the General Data Protection Regulations (GDPR) which come into force on 25 May 2018. To provide a simpler and safer way of passing documents and data between us an our clients, as well as helping to ensure we are compliant with GDPR, we have introduced a client portal.

A client portal is an electronic gateway to a collection of digital files, accessible to authorised persons, over the Internet.
Read story

TAX DIARY

30/12 Deadline for filing 2016/17 tax return online in order to request that HMRC collect outstanding tax via the 2017/18 PAYE code
Read story

MILEAGE ALLOWANCE FOR BUY TO LET LANDLORDS

A measure that was hidden away in the Autumn Budget last month was the proposal that buy-to-let landlords will be able to claim 45p a mile for necessary visits to their rental properties.
Read story

NEW RESTRICTION FOR THOSE IN PENSION DRAWDOWN

One of the measures affecting pensions announced in the Spring 2017 Budget that was not included in the first Finance Act, concerns a new £4,000 pension input limit for those who are drawing income from their money purchase pension fund.
Read story

PASSWORD SECURITY

Every day, we read stories about the latest business to suffer from a cyber attack. Businesses install quality security software and password protected servers to guard against cyber threats. However, the weakest link in your IT security could be your employees and the strength of the passwords they use to log in to your systems.
Read story

Categories