RA Woollard
Chartered Accountant
Our core business is the proprietor owned business

 

Rosalind Woollard - Chartered Accountant Sorry you need to enable java Established in 1994 in Skelmorlie, North Ayrshire, we are helping businesses throughout Inverclyde, Renfrewshire, Glasgow and Ayrshire.
We help by running a virtual office using the latest technology and a team of dedicated bookkeepers to provide bookkeeping, payroll support and expert advice on tax issues.  
Meeting YOUR needs matters to us - talk to us and we will respond

 
Contact us by telephone (01475 520699) or by email

 

Useful Links:- 
Companies House Inland Revenue Institute of Chartered Accountants

Deadlines coming up

  • 28 February 2008 –  5 per cent surcharge 2006/07 SA tax not paid
  • 31 July 2008 – Further £100 penalty for SA tax returns not filed

Pre Budget Report Oct 07 -  update  January 08

  • The Chancellor proposes an 'entrepreneurs’ relief' so that the first £1 million of relevant gains will be taxed at the rate of 10 per cent with any excess taxed at the new post April 2008 rate of 18 per cent

Budget 2007

Main Relief's and allowances    2007/08

  •  Self employed Class 2 NI earning exemption £4,635

  • Weekly employees £100 threshold for income & national insurance

  • VAT registration limit £64k

  • Stamp duty threshold residential £125k  non residential £150k

  • Inheritance tax on gross lifetime transfers over £300k

  • Capital gain annual exemption £9,200

Key changes  2008/09

  • Capital allowance reforms  & a new annual investment allowance £50,000

  •  Income tax cut from 22 % to 20 %

  • Corporation tax - small company rate increase to 21 %

  • Penalties for incorrect Returns – new regime

Companies Act 2006

  • The most significant piece of company law legislation in the last 20 years
  • Major changes in UK company law affect all UK businesses

National Minimum Wages

New rates from 1st October 2007 are:

  • £5.52 per hour for workers aged 22 years and older

  • £4.60 for workers aged 18 - 21 inclusive

  • £3.40 for workers under 18 who are no longer of compulsory school age

New Year thoughts

  Mervyn King, Governor, Bank of England 

  • It is difficult to know how hard households will be hit as the credit crunch intensifies.  It is cutting back the supply credit and increasing the cost of borrowing individuals and businesses

  • Property investment, both commercial and residential, could fall back sharply

  • Small firms which rely on banks to lend them money for investment may also find it more difficult to get cash

Richard Lambert, director-general of the Confederation of British Industry,

  •  observes the balance of economic power was shifting to India and China.

Why not contact us for advice on  income tax, corporation tax, capital gains tax and inheritance tax

 

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