Monthly Archives: September 2019

Do you need to register for Self-Assessment?

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Drummond Laurie Chartered AccountantsThere are many reason why you might need to register and complete a Self-Assessment Tax Return, including;

  • Self-employed sole traders earning more than £1,000
  • Directors of limited companies
  • Partners of both general and limited liability partnerships
  • Individuals who receive rental income
  • Individuals earning more than £100,000 a year

The deadline for registering for Self–Assessment is the 5th October after the end of the relevant tax year. So if you met the registration criteria during the tax year 2018/19 (6th April 2018 – 5th April 2019) you have until the 5th October 2019 to register with HMRC.

Your 2018/19 tax return will then be due by the 31st October 2019 if being submitted on paper or alternatively by the 31st January 2020 if being submitted online. Any tax or national insurance due will be payable by the 31st January 2020.

Failure to register on time could result in you being fined!

If you are unsure whether or not you need to register for self-assessment or need help completing your tax return then we can help. Please contact us via email adviser@drummondlaurie.co.uk  or call us on 01324 441250.

2020 Graduate & School Leaver Vacancies

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Drummond Laurie Chartered AccountantsDrummond Laurie are now recruiting for our summer 2020 intake of graduate / school leaver’s to join our successful and expanding business. The vacancies will include full study support as well as a competitive salary, and as a firm who strongly believes in the wellbeing of its employees, a generous benefits package is also included. Based in modern and accessible offices in Grangemouth our location has plentiful parking facilities.

 

We are looking for individuals with a strong desire to succeed, with a view to progressing their career with a forward thinking company. We offer a 3 (graduate) or 5 (school leaver) year training contract to support the completion of the CA or ACCA qualification. To be considered for the role you must have a positive attitude and be a confident and effective communicator who is hard working and dedicated.  You must have strong communication skills and have an ability to work using your own initiative and to strict deadlines.

In return we will commit our full support as you progress through your professional qualification, receiving a wide variety of practical experience along the way. You will be mentored and developed by a team with a wealth of skills and knowledge, who will strive to provide you with all the help you will need to reach your professional goals.

To find out more and details of how to apply please go to Become a CA

 

Important update – VAT Reverse Charge – CIS

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Drummond Laurie Chartered AccountantsHMRC have recently announced the postponement of the VAT Reverse Charge within the Construction Industry. This is good news for the Construction industry who have been voicing their concerns that they would not be ready to implement the changes by the 1st October 2019.

Please be aware this is simply a delay and the reverse charge will commence on 1st October 2020.

Businesses should use the next 12 months to speak to their advisers and ensure their accounting systems are ready for the new implementation date.

In the event that you have already changed your systems and invoices in anticipation of this change going live on 1st October 2019, you should take steps to change back at your earliest opportunity.

If you have any queries on this please do not hesitate to speak to your usual Drummond Laurie contact.

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