accounting bookkeeping services UK Oxfordshire, Abingdon, London, Oxford, England, Swindon, Didcot, Reading, Southampton, Bristol, Slough, Birmingham
accounting bookkeeping services UK – All businesses are required to keep accurate records for both taxation and VAT (Value Added Tax) purposes, but good bookkeeping practices also benefit the business by:
Helping you to manage and control the finances of your business.
Helping with planning for future growth of the business.
Helping to ensure that your accounts are completed more efficiently thus saving on your accountancy charges.
We will explain what records are required and providing that you supply them to us in a timely manner. we can take care of all of your bookkeeping requirements and, if you wish, we can also prepare regular management accounts.
accounting bookkeeping services UK Oxon Accountancy experts will ensure that the following ledgers are managed effectively:
And that appropriate advice is offered in the following areas:
Meeting your legal responsibilities
Recording your information for VAT purposes
Oxon Accountancy does what needs to be done to help you say where you belong – at the sharp end money making.
The Coronavirus Job Retention Scheme (CJRS) commonly known as the furlough scheme is open to all UK. employers to access support to continue paying part of their employees’ salary for employees that would otherwise have been laid off during this crisis.
The end date for CJRS has been extended multiple times since the scheme was launched and in the Spring Budget 2021. the Chancellor announced a final extension until 30 September 2021. Employees can receive up to 80% of their salary for hours not worked subject to a monthly maximum of £2,500 until the scheme ends.
Since 1 July 2021, employer contributions towards the cost of unworked hours have been put in place. Employers are required to contribute 10% towards wages for hours not worked during July rising to 20% in August and September 2021.
This means that since 1 July 2021, government support has been lowered to 70% of wages up to a reduced £2,187.50 cap. Employers will pay employers’ NIC, pension costs plus 10% of wages for hours not worked (up to £312.50) to a total cap of £2,500 for hours not worked.
From 1 August until 30 September 2021, government support will be lowered further to 60% of wages up to a reduced £1,875 cap and employers paying 20% of wages for hours not worked up to £625. More