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10th Year Anniversary
WIS Accountancy celebrates it’s 10th year anniversary this year. Started by three friends as a part time venture, WIS grew mainly due to our client support and our dedicated staff. To mark this milestone, we decided to help those who are underprivileged. We organised...
What help can you get with your childcare costs?
The cost of childcare in the UK has increased significantly compared to rest of the world. A recent research sugests many parents in UK are now spending more on childcare than their mortgage. Government recently stopped "Childcare voucher" via salary sacrifice and...
The way we send your VAT returns to HMRC is Changing
Making Tax Digital (MTD) for VAT is only few months away. From 1 April 2019, all VAT-registered UK businesses above the £85,000 VAT threshold will need to keep records digitally and submit VAT returns to HMRC using MTD-compatible software. Over the coming months,...
Happy Holidays!
Dear Clients, Wishing you a very Merry Christmas and a Happy New Year! 2018 has been a massive year for us at WIS, some of our key achievements are, Launch of Brand-new content rich website Launch of Mobile app to complement our online portal WISe Introduction of...
FAQs on HMRC Payment on Account
We had lot of questions from our clients regarding this and hope this article will help them understand this better. WHAT IS PAYMENT ON ACCOUNT? ‘Payments on account’ are payments made towards your following year’s income tax. In other words “Advance Payments” towards...
UK (except Scotland) Tax rates and allowances for 2019/20
Band/Category Tax rate Taxable income 2018/19 (UK - except Scotland) 2019/20 (UK - except Scotland) Personal Allowance 0% Up to £11,850 Up to £12,500 Basic rate 20% £11,851 to £46,350 £12,500 to £50,000 Higher rate 40% £46,351 to £150,000 £50,000 to £150,000...
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