TAX CREDITS: A REMINDER

If you claim Tax Credits, don’t forget that you need to renew your claim and to do this you need to know your annual income. HMRC uses this information to check you received all the money you were entitled to in the previous year, and to make sure your payments for the year ahead are correct.

If you would like to quote your actual income for last year then you need to submit your figures and paperwork to your bookkeeper as soon as possible so that everything is ready for you by the 31 July deadline. Alternatively, you may quote an estimated income for the time being, but the actual amount must be quoted by 31 January.

If you prefer not to fill in the forms provided in your pack, just call the Tax Credit Helpline on 0845 300 3900 and you can provide the information over the phone.

Don’t forget, if you don't renew by the deadline, whether you quote an actual or estimated income, your payments will stop.

If you have any queries about Tax Credits, bookkeeping or year end accounts, contact Office Assistants.

Subcontractor Tax Refunds: Get What's Due Without Delay!

If you are a subcontractor then don’t delay in submitting your figures to your bookkeeper for 2008-2009 so that your paperwork can be prepared.

Now the end of the tax year has passed it can be calculated whether HMRC owes you a tax refund, and the sooner it is done, the sooner you could have some extra money in your pocket to help you enjoy your summer holidays!

Don’t wait until the deadline to get your figures in; why wait to get what’s owed to you?

Any questions about CIS or subcontractor bookkeeping, please contact Office Assistants!