LHA Accountancy & Admin Services

Hi just to let you know that if you are waiting for anything from me my dad passed away recently and it is the funeral on Tuesday so if you could just bear with me with responses etc and I should be back to it next week.
Many thanks for your patience
Liz

So it’s that time of year everyone dreads mountains of receipts, invoices everywhere, hmrc online services so many peoples nightmare.
If it is yours and you would like someone to take it all off your hands and just hand you back a set of accounts, tax return and how much you need to pay and when then let us help.
With 20 years of experience and competitive prices then why not get in touch for a free no obligation chat and see if we can get rid of the dread of paperwork and tax!

So today marks 20 years since I started LHA Accountancy and Admin Services, it’s been hard work and can’t quite believe it’s been so long and just how much it has grown over this time.

Thank you to all my customers, some of whom have been with me from the start, I appreciate each and every one of you and here is to the next 20 years!

If you are looking for help with your paperwork or tax needs then please get in touch and let us help make paperwork less stressful!

So another year over and the out of office is finally on!

Sorry been so quiet this year but it’s been so so busy.

May we take this opportunity to say thank you for your continued support.

If we haven’t had your paperwork for your 2023 tax return please let us have it as soon as possible in January.

We hope all our customers old and new have a wonderful Christmas and Happy New Year!

Don't forget if you have tax credits, they will need your figures before the end of July so please ensure you give plenty of time to get the returns ready for you.

So that’s it, last tax return submitted and done! Now time to recover from covid that decided to descend on me at the weekend Then vat returns to sort before a bit of a quiet period. Thank you to everyone for their understanding and patience

Happy New Year!!

Hope everyone had the best christmas and is all rested ready for 2023

So we are ready for the month of madness known as January, if you haven't let us have your paperwork can you please do so as soon as possible to ensure that we get everything in before the deadline of the 31st

If you are looking for any help or advice with accounts, vat, self assessment or payroll etc then please do drop us a message

Just wanted to wish all our clients and Merry Christmas and a Wonderful New Year, thank you for your continued support over this past year. If you still haven't done your accounts then please get them in a the beginning of January to ensure that we can make the 31st January deadline.

The out of office is on as of today but I will be checking emails etc over the Christmas period.

Have a wonderful break!

Have you had your self assessment tax return reminder through and dread the thought of sifting through all the paperwork and its something you just put off?

Why not let us take the stress and hassle out of it and make sure that you are claiming everything that you are entitled to and paying the correct tax?

If you would like to have a free no obligation chat then please just get in touch.

So tomorrow is 18 years of LHA Accountancy & Admin Services, doesn't feel like its been that long! Thank you to all our customers new and old for sticking by us.

So 1st April is upon us which means the new tax year is just around the corner. If you are a company that holds stock dont forget to do a stock take to ensure that you have the correct figure for the accounts and tax return.

If you need any help or information regarding tax returns, accounts, paye etc then drop us a message and we will still if we can help

LHA Accountancy & Admin Services updated their website address.

HMRC has announced that they will not charge:
1. Late filing penalties for those who file online by 28‌‌ ‌February 2022.
2. Late payment penalties for those who pay the tax due in full or set up a payment plan by 1‌‌ ‌April 2022.

Well that’s us done for this year, we would like to thank all of our customers old and new a very merry Christmas and happy new year and hope you all stay healthy over Christmas

Liz x

Due to my daughter having possible covid please note that I will only be doorstep collections or drop offs of paperwork until the end of next week.
Many thanks

Hope this finds everyone safe and well. So July is upon us this week and so are HMRC's letters requesting the 2nd payment on account. It could be that you do not pay that 2nd payment due to a reduction in your profits due to lockdowns etc

If you haven't done your tax return yet and keep putting it off as you just don't have the time due to being busy with the backlog of work due to Covid, then why not let us help.

We can help with bookkeeping, vat returns, self assessment tax returns and annual accounts no matter how messy you think it maybe.

Drop us a message and see if we can help to take the stress away.

So the new tax year is upon us and also 17 years ago I started LHA Accountancy and Admin Services and here we are still going strong!

So if you need any help or advice with tax returns, bookkeeping, payroll, MTD, vat returns etc then please do get in touch

I look forward to seeing all my usual customers for what hopefully will be some kind of normality this year!

The 2021 budget at a glance:

Corporation Tax will increase to 25% from 2023

Furlough scheme extended until the end of September
Employers will have contribute 10% in July and 20% in August and
September to the furlough scheme

Grants of up to £18,000 can be acquired through the new Restart
Grant scheme

Apprenticeship incentive payments raised to £3,000

New Help to Grow scheme for SMEs

Personal tax thresholds frozen until April 2026

5% VAT rate for the hospitality and tourism sectors extended until the end of September

SEISS extended with a 4th grant for February to April and the 5th grant from May

100% business rates extended until the end of June

Loans of up to £10million can be acquired through the new Recovery Loan Scheme

We will keep updating when more guidance is issued

Happy new year to everyone, hope everyone is healthy and had a good Christmas! Just to say if you haven’t let me have your information for tax returns then please can you let me have it as soon as possible, as Like many we have home schooling as well January madness!

Any problems please do get in touch

Happy and healthy new year x

We would like to wish all our clients a very merry Christmas and happy new year and thank you all for your continued support during this difficult year!

Love it when you manage to get personalised business Xmas cards that are exactly what you want!! Paper Personalities - Personalised Greetings Cards thank you so much xx

Furlough is here to stay for a little while! When more details are released then we will update you

So my daughters school has decided to close until 2nd November so please bare with me if your waiting for things as it’s going to be juggling home schooling and work all over again. Take care Liz

Happy Sunday everyone, just a quick note to say that the second self employment grant will be available from the 17th August and you can claim anytime between your allocated date to claim and the 19th October.

The eligibility criteria is exactly the same as the first grant, so as long as your business has been adversley affected since the 14th July 2020. This means the business has experienced lower income and or higher costs because of coronavirus since the 14th July.

The second and final grant is worth 70% of average monthly profit and this will be paid out in a single instalment and will be based on three months worth of trading profits and capped at a maximum of £6570.

You will need your Goverment Gateway to be able to claim and that will tell you your claim date. The grant will be taxable and will need to be added as income to your 2021 tax return so please ensure you keep details of your grants.

Any problems please do get in touch but please note that we may take a little longer to get back to you due to school holidays etc

The link is as follows

https://www.gov.uk/guidance/claim-a-grant-through-the-self-employment-income-support-scheme

Take Care

If you’ve received a letter about Tax Credits, you will need to check your details by 31 July. To make sure we have paid the correct amount we need customers to review their income information. For help on how to calculate your income, go to
www.gov.uk/tax-credits-working-out-income?&utm_source=facebook&utm_medium=social&utm_campaign=tcr20&utm_content=original_image

So the main points of the Chancellors speech, we will put further details as we are made aware of them.

- A new £9 billion job retention bonus was announced - if an employer brings back furloughed staff in October and keeps them in a job to January 2021 then the government will pay a £1000 bonus per employee

- A £2 billion kickstart scheme to help young people (16-24) at risk of unemployment into work

- A £3 billion green jobs plan was announced - £2 billion in grants for home owners to make homes more energy efficient and £1 billion to improve efficiency of public sector buildings

- A temporary holiday of stamp duty on the first £500,000 of all property sales in England and Northern Ireland will run from now until 31st March 2021

- Vat will be cut from 20% to 5% for the hospitality and tourism sectors from the 15th July to the 12th January 2021

- The government will give everyone 50% off meals in participating restaurants during August upto £10 per head applying Monday - Wednesday.

Once more in depth details are released then we will update you

To make the claim for the second grant you will have to confirm that your business has been adversely affected on or after the 14th July 2020.
The grant is 70% of the average monthly trading profits paid in a single instalment covering a further 3 months worth of points capped at £6570.

This Self Employment Income Support Scheme has now been extended. If you are eligible, you will be able to claim a second and final SEISS grant in August, whether you claimed for the first grant or not. https://www.gov.uk/guidance/claim-a-grant-through-the-self-employment-income-support-scheme?&utm_source=facebook&utm_medium=social&utm_campaign=covid19&utm_content=seiss

Please go over and give my niece's new business page a like and get your sweet treats x

SWEETIZforyou Need a sweet treat, then look no further.

So the main points from the chancellor today was

Furloughed payments

- in August the government will pay 80% of wages up to a cap of £2500 but employers will start to pay national insurance and pension contributions

- September the government will pay 70% of wages upto a cap of 70% of £2190, with employers paying 10% of wages as well as contributions

- October the government will Pay 60% of wages up to a cap of £1875 with employers paying 20% of wages plus contributions

Self employed

Those that have claimed the self employed grant in may will be able to apply for a second and final grant in August but it will only cover 70% of their average monthly profits over the three month period capped at £6,570.

The criteria is the same as before it still only covers 2017, 2018 and 2019 and your business has been affected by the coronavirus

There is also flexible furlough which I will post about when I have more details!