Quay News
Budget 2008 Interim Release
Click here for an overview on matters relevant to contractors.
Tax Diary Dates - August 2008
1 August 2008
Due date for corporation tax due for the year ended 31 October 2007.
19 August 2008
If you pay your PAYE and NIC deductions on a monthly basis, the due date for the month ended 5 August 2008. (If you pay your tax electronically, the due date is 22 August 2008).
31 August 2008
Final date for submission of Self Assessment Tax Return Questionnaires to Quay. We cannot guarantee that your Tax Return will be completed in time to meet the 31 January filing date if your Questionnaire is submitted after this date.
Tax Diary Dates - September 2008
1 September 2008
Due date for corporation tax due for the year ended 30 November 2007.
19 September 2008
If you pay your PAYE and NIC deductions on a monthly basis, the due date for the month ended 5 September 2008. (If you pay your tax electronically, the due date is 22 September 2008).
Tax Diary Dates - October 2008
1 October 2008
Due date for corporation tax due for the year ended 31 December 2007.
5 October 2008
If HMRC have not issued a Tax Return to you, last date for notification of any new sources of income for the year ended 5 April 2008.
19 October 2008
Due date for payment of PAYE and NIC deductions for the month/quarter ended 5 October 2008. (If you pay your tax electronically, the due date is 22 October 2008.)
31 October 2008
Deadline for manual submission of 2007/08 Tax Return using HMRC's pre-printed form. (If you make an online submission the deadline is 31 January 2009.)
A New Approach to Use of Home Expense Claims
Historically a contractors company has accounted for the reimbursement of personal costs incurred by the contractor for providing his home as office accommodation (use of home as office expenses).
Liable for IR35? Now is the Time to Review Your Contracts
For contractors who are liable for IR35, or are unsure if they are liable, now is the time to start the process of assessing your individual contracts that existed during the period 6 April 2006 to 5 April 2007.
Quay Email Management
With thousands of emails a week from clients many of these having large attachments we have invested in a new network dedicated to email management. There are two ways that you can work with us to help make the email system work more efficiently for you...
Quay Accounting Client Referral Scheme
We are receiving a growing number of recommendations from our existing clients and in view of the changes in the forthcoming Budget, there is a likelihood that many of your colleagues who are using umbrella or composite company arrangements will be looking for an alternative.
Improvements to Quay Accounting's website
Exciting changes are taking place with our website and in coming months you will be able to enjoy added features...
New Clients to Quay Accounting
Once you have completed the process of starting your own company, the next logical step is to seek the advice of our in-house financial advisers at Quay Financial Services (QFS). QFS can answer any queries you may have regarding the most efficient way to pay into pensions and provide sick pay for yourself. For more information call Simon Edgar or Tony Chewins at Quay Financial Services on 01202 753106 or feel free to speak to your Quay Accounting Client Manager.
Useful Mortgage Information from Quay Financial Services
With the recent rise in the Bank of England Base rate to 5.25% and the possibility of further increases now could be a good time to look at securing a fixed rate on your mortgage.
