31st January Tax Returns Deadline!

31st January Tax Returns Deadline!

The 31st January 2014 deadline for Self Assessment Tax Returns  for the year ended 5 April 2013 is fast approaching! If you are a client and you still haven’t given us the information for this please do so as soon as possible! You can find our checklist attached to this post. The penalties for late filing can be substantial and we don’t want our clients ending up with penalties from HMRC!

Happy New Year!

Happy New Year!

Happy New Year from the team at R. M. Rahim & Co. ! We hope you had a  great festive season and have a fantastic year to come! Apologies for the lack of updates over the past few months. This was due to changes in the structure of the website. Keep a lookout for more regular updates from now on! 

RTI is Fast Approaching, Are You Ready?

RTI is Fast Approaching, Are You Ready?

From April 2013 there will be the biggest change to Payroll that HM Revenue & Customs has introduced since the 1940’s. HMRC will be bringing in ‘real time information’ (RTI), which will mean that employers will have to submit information about all PAYE payments to HMRC online in real time, each time a payment is made as part of the payroll process.

RTI

RTI

Real Time Information will be phased in from April 2013. This will require you to report details of your employees’ earnings, tax and NI each payday so that the Taxman can collect the PAYE due directly form your bank.