New Product Launch - Ideal Christmas Present

Davenports Vouchers

What ever the function davenports can cater for your business needs across the accountancy, web and print spectrums. These gift cards can be used as thoughtful yet functional gifts throughout the year.

Postage and Packaging only costs £1.00 - All gift cards are sent by 1st class royal mail

Visit our new page,  click on link below

Davenport Vouchers

Wish you all a Merry Christmas and Happy New Year.

From the team at Davenports.

Davenports Online CV Service

In light of the current economic climate, Davenports has developed an online CV service, to help people facing potential unemployment jazz up their CV and stand out from the rest of the labour market.

Davenports will design a bespoke flash website for the applicant based upon the information in their CV, and targetted to the labour market of their choice.  The website can include videos of the applicant also, giving potential employers more depth than a 2 dimensional CV; and since first impressions count so much, video gives the applicant the opportunity to ensure they get it right first time.

The service is designed for use for all industry sectors and discounts are offered to members of certain professional bodies, such as the Institute of Directors.  Some large employers are also considering using this service as part of their severance package to redundant employees.

If you have any questions about the Online CV Design why not contact us to see how Davenports can help

Partnership and Self Employed Registrations

Davenports can now register you as self-employed, a sole trader or a partnership direct through their website.

Registration normally only take a matter of days, for more information on these services, please click on the links below:

• Self-employed registration
• Sole trader registration
• Partnership registration

To see how Davenports can benefit your business, contact us for a no obligation chat.

Corporation Tax Small Companies’ Rate

The Chancellor, Alistair Darling today annouced in his Pre-Budget Report that the planned increase of the small companies’ rate (SCR) of corporation tax from 21 per cent to 22 per cent from 1 April 2009 has been deferred until 1 April 2010.

The current rules at section 13 of the Income and Corporation Tax Act 1988 (ICTA) provide that, where a company is not a close investment-holding company and its CT profits (other than ring fence profits) are lower than the lower relevant maximum amount (LRMA) (currently £300,000), those profits are taxed at the lower rate of CT, known as the ‘small companies’ rate’(currently 21 per cent). Legislation will be introduced in Finance Bill 2009 to maintain the SCR at 21 per cent for the non-ring fence profits. The SCR for ring fence profits will remain at 19 per cent for the financial year 2009-10.

Section 13(2) of ICTA entitles companies with a profit of between £300,000 and £1.5 million to marginal relief (‘marginal small companies’ relief’) from tax computed at the main rate. The fraction used in calculating this relief will remain at 1/40 for non-ring fence profits and 11/400 for ring fence profits.

The upper and lower limits for small companies’ rate are set at section 13(3) of ICTA. These will remain unchanged.

For further information on Corporation Tax or the Small Companies Rate, contact us to see how Davenports can help

Accountancy Request

1. Your Name(required)
2. Post Code
3. Contact Number(required)
4. Email(valid email required)
5. I Need...
6. Help!
   A Change of Accountant
   Assistance starting up
   Help with the Payroll
   Help with Tax, CIS or VAT
   Help with getting money from my clients
7. Any other comments
8. To receive your FREE key fob, tick this box
9. Verification

 

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New Personal Tax Allowance Rates

Davenports has the new Tax Allowance rates predicted for 2009-10 as disclosed in today’s Pre-Budget Report.

Click here to view the new income tax rates and allowances.

For information on our taxation services, please contact us

HMRC Business Payment Support Service

From 24 November 2008, HM Revenue & Customs (HMRC) have introduced a new, dedicated Business Payment Support Service designed to meet the needs of businesses affected by the current economic conditions.

If you’re worried about being able to meet tax, National Insurance or other payments owed to HMRC, or you anticipate that payments coming due will cause you problems, you can contact them to discuss payment options to help you deal with temporary cashflow difficulties.

The information below will help you decide whether you need to contact HMRC now. If you do need to phone them you can call our Business Payment Support Line which is open seven days a week.

Their staff will review your circumstances and discuss temporary options tailored to your business needs, such as arranging for you to make payments over a longer period. They will not charge additional late payment surcharges on payments included in the arrangement, although interest will continue to be payable on those taxes where it applies.

Getting in touch with the Business Payment Support Service

If you have payments due soon, please contact them - the sooner you do so, the sooner we’ll be able to see how they can help. In most cases HMRC should be able to give you a decision in about 10 minutes. For larger payment debts and those that are more complicated they may need to have a longer, more detailed discussion with you and may need to call you back before finalising payment arrangements.

If your payment is not due yet, you can ring the Business Payment Support Line nearer the time and as soon as you are clear about whether you will be able to pay or not. But remember that you need to contact HMRC in advance. Don’t wait until your payment is overdue.

HMRC Business Payment Support Line
Tel 0845 302 1435       

Open Monday - Friday 8.00am to 8.00 pm, Saturday and Sunday 8.00 am – 4.00 pm.

Please note: The Support Line is intended for new enquiries only.

Increases in Personal Allowances, Child Benefits and Tax Credits

Changes before April 2009

• The increase in Child Benefits will be paid from 5th January 2009 instead of 6th April 2009. The new amounts will be £20.00 per week for the first or only child and £ 13.20 per week for subsequent children

Changes from April 2009

• The basic personal allowance for 2008/09 of £6035 will increase by indexation plus a further £130 to £6475 from 6 April 2009. This is equal to a weekly amount of tax free income of £116.
• The basic rate of income tax (20 per cent and higher rate 40 per cent ) remain unchanged, but the basic rate tax band is increased by indexation plus an additional £800 from £34,800 to £37,400.
• All other personal allowances, the income limit for age-related allowances, the minimum amount of married couple’s allowance and the starting rate limit for savings will be increased by indexation.
• The child element of the Child Tax Credit will increase by £75 above indexation from April 2009. This includes the extra £25 which has been brought forward from April 2010.
• Working Tax Credits and Guardians Allowance are being increased in line with indexation from April 2009.

Changes from April 2010

• The amount of basic personal allowance has not been set, but from 6 April 2010 the allowance will be subject to income limits of £100,000 and £140,000.
• This will mean that where an individual’s income is below the £100,000 income limit, they will continue to be entitled to the full allowance.
• Where an individual’s income is above the income limit of £100,000,the allowance will be reduced by £1 for every £2 above the income limit up to a maximum of one half of the basic personal allowance.
• Where an individual’s gross income is above a second income limit of £140,000, the amount of their allowance will be further reduced by £1 for every £2 above the income limit up to a maximum of the full amount of the basic personal allowance.

Changes from April 2011

• From 6 April 2011 taxable non-savings and savings income above £150,000 will be liable to income tax at a new rate 45 per cent.
• Dividends otherwise taxable at the new 45 per cent rate will be liable to income tax at a new rate of 37.5 per cent and the Trust rate will also increase to 45 per cent.
• The main rate of Class 1 and Class 4 NICs will be increased by 0.5 per cent to 11.5 per cent and 8.5 per cent respectively.
• The Class 1 employer rate of NICs will be increased by 0.5 per cent to 13.3 per cent. The increased rate will also apply to Class 1A and Class 1B contributions.
• The additional rate of Class 1 and 4 NICs will be increased by 0.5 per cent to 1.5 per cent.

Darling Cuts the Standard Rate of VAT

The Chancellor has annouced today during his Pre-Budget Report a cut in the standard rate of Value Added Tax as expected.

The cut reduces the current rate of VAT from 17.5% to 15%, from 1st December 2008 temporarily, for 13 months until January 2010, after which the rate will be increased back to 17.5%

For more information about VAT, please contact us.

Running Low on Business Cards?

Davenports can help produce your business cards cost-effectively, whether you already have the artwork or not.

At Davenports we can cater for any size of business, whether this is your first business card, are looking to reduce your current printing costs, or want to re-order some print work we have done previously.

To start saving money today, why not upload your existing artwork now - No artwork, no problem why not contact us today, to see how Davenports can help cut your costs in this economic downturn.

Davenports Registered Office Service

The new registered office service, allows new and existing incorporated businesses to use Davenports’ address as the business’ Registered Office.

Davenports can filter out the ever increase amount of junk mail received and give the business two ways of receiving the remainder of their post.

Firstly Davenports can forward the legimate post, based on predefined criteria supplied by the client, to the business.

Alternatively Davenports can open and scan the remaining post and either send by email, or provide a area to download the post from. If the latter is chosen then an email is sent to the client advising them that some new post has arrived.

For more information on this service, complete our form on our Registered Office page, or for more information on Davenports other company services, why not contact us.

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