AW Accountant in Kent

Twitter Tax Advice week 2010-05-24

• RT @efficiencycoach: considering whether to go LLP, Ltd or sole trader? http://bit.ly/17KZb8 //good understandable blog #
• Is may tax code right, how many time have we heard that in 2010? Some guidance from AW Accounting http://bit.ly/dcHDeG #
• RT @britstockphoto: UK pro/am photogs – want to be a #BritstockPhoto contributor? Visit the web site and let us know! http://bit.ly/681Urz #
• Off to potential elderly client to assist with tax codes on state and other pension, taking MG Midget as it is sunny #
• RT @wavecrestglen we ship stuff to Africa for some UK charities. Pls DM with more info & I may be able to make intros -for @falconforge #
• @corksnob Although they are behind it is a great job, good price + tidy + friendly guys, come and look. http://tweetphoto.com/23301418 in reply to corksnob #
• Office moved temporarily to son’s bedroom desk to escape distraction of builders http://tweetphoto.com/23299543 #
• RT @AngliaSolutions: @alastairwood – ‘builders’ and ‘on time’ in the same sentence? Are builders ever on time? ) //3 weeks lare already! #
• Helping out client with PAYE underpayment, awaiting their figures from #Moneysoft and #Quickbooks so see if HMRC correct # read more

Is my tax code right?

A tax code or what HMRC call a PAYE Coding Notice is the means by which your tax free allowance is allocated to the pay for your job if you are an employee.  Every month a portion of your income will not be taxed, and the rest will be taxed at the basic rate of 20% for the next £37k then 40% and 50% thereafter (for 2010/11) depending on how high your income is.  Many employees and employers will be aware of the number of tax code notices issued early in 2010 and with many of these being incorrect many people are concerned as to whether this is correct.  read more

Twitter Tax Advice week 2010-05-17

• RT @chapperscounts: HMRC have a new Agent Dedicated Line (ADL): 0845 366 7855 for SA and Employee PAYE queries. Live already apparently. #
• RT @ir35advice: Self-employed IT analyst wins ‘borderline’ IR35 appeal http://bit.ly/99caXx //Balance was “in favour of self employment” # read more