Am I paying the right amount of tax? This question comes to most employees’ minds at this time of the month (Payday)! Especially when you see the actual amount received in the bank and probably you have done some extra hours just to ensure you have a push in your income. Unfortunately, your employer has […]
The IR35 legislation is a legislation that has been used by HMRC since 1999 as an anti-avoidance tool for contractors that run their business through a limited company. Since April 2017, The HMRC introduced some new changes to the way IR35 was applied in the public sector. How IR35 legislation in the private sectors would affect […]
By Ola Sulaimon Ronzl Accountants BUSINESS owners can claim capital allowance on qualifying plants and machinery. The capital allowance gives relief on the cost on qualifying expenditure immediately or over a period of time. Capital allowance, however, is only available to integral features within the building such as lifts, air-conditioning system, electrical system etc. Business […]
By Ola Sulaimon Ronzl Accountants THERE are different ways that business owners use to expand their business. One such is acquiring a new business, most times the business acquired is usually assets both tangible such as computers, vans, etc. and intangible such as goodwill. Before 1 April this year, the business owners acquiring these items, […]
By Ola Sulaimon Ronzl Accountants THE time to be jolly has come again and I was reminded of this fact when I saw my favourite mince pies on the shopping racks recently. This time is also the time we love to show appreciation to our clients, our team members and also our family. We often […]
By Ola Sulaimon Ronzl Accountants THE tax year in the UK runs from 6 April to 5 April and, as we are approaching the start of a new year, Our Northampton accountants have taken a look at tax planning ideas for business owners and individuals to help them save tax. Tax Planning Tips 1. Tax […]
By Ola Sulaimon Ronzl Accountants AT the start of a new year, business owners tend to review last year’s performance and chase outstanding invoices from their clients. Generally, a fully taxable business is entitled to charge VAT on the supply of goods and services they provide to their customers. This would mean they have immediately […]
Trading loss for sole traders. IT is possible when running a business to make a loss. Ola Sulaimon of Ronzl Accountants explains some of the issues to consider when a loss has been made by a sole trader. 1. Make all the necessary adjustments Losses are derived by deducting trading expenses from trading Profit within […]
ENTERPRISE Management Incentive share option (EMI) is an employee share option scheme that has been used by some employers in the UK since 2000. EMI was popular with smaller companies, often dealing with cash constraints, yet still wanting to retain their key members of staff through offering benefits in addition to their remuneration packages. An […]
ENTREPRENEURS usually start a business with the faith and hope that it works out as the planned. When they decide to dispose of the business, if they have the meet the specific conditions, they could claim entrepreneur relief. Entrepreneur relief is available where there is the material disposal of the business asset by sole traders/partners […]
FINALLY, January 31st deadline is gone, and we can all breathe. In this month I would like to remind people about the risk of leaving it too late – perhaps this would make us get the accounts in as soon as possible. * Risk of submitting an incorrect return Lack of time and pressure can […]
AN accountant has been the driving force behind a collection to support Northampton’s food bank. This is the fourth year that Ola Sulaimon at Ronzl Accountants Ltd in Northampton’s Billing Road has been organising a collection and each year it gets bigger and better. In just a few weeks, more than £500 was raised which […]
I am a Certified Chartered Accountant with many years of experience, consulting and advising clients on matters relating to accounting, finance and tax
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