What are payments on account?
‘Payments on account’ are advance payments towards your tax bill (including Class 4 National Insurance if you’re self-employed).
You have to make 2 payments on account every year unless:
- your last Self Assessment tax bill was less than £1,000
- you’ve already paid more than 80% of all the tax you owe, eg through your tax code or because your bank has already deducted interest on your savings
Each payment is half your previous year’s tax bill. Payments are due by midnight on 31 January and 31 July.
If you still have tax to pay after you’ve made your payments on account, you must make a ‘balancing payment’ by midnight on 31 January next year.
When do I have to make payment by?
Payments are due by midnight on 31 January and 31 July.
To make a payment on your account.
For further help and advice please contact us at firstname.lastname@example.org
On the 1st July we celebrated an incredible 25 years since our manager Sally joined our team at Stead Robinson in 1991. She is our longest serving team member and we would not be the flourishing team we are today if it was not for Sally’s hard work and commitment. Thank you so much! We look forward to spending another 25 years with you by our side!
You may have seen an email recently advertising Iris Openspace. This fantastic cloud based solution allows us to cut the time and cost involved in printing, signing and posting documents with just a few clicks of a button. Approving and transferring documents to each other is quick, easy and secure via OpenSpace. For more information on using Iris OpenSpace with Stead Robinson please ask one of the team.
A Fixed Fee
Are you up to date with your Stead Robinson account and interested in a Fixed Price agreement? We are urging our clients to pay for their fees by direct debit. Using this method helps you manage your cash flow efficiently and gives you peace of mind knowing that you will not receive any large bills at the end of your financial year. Just one fixed price for the entire year. If this sounds like something you would be interested in please contact us.
Our new look
Our new website is now Live and we have had some brilliant feedback. Thank you!
You can visit our website at www.steadrobinson.co.uk
You can find us on Facebook, Twitter, Google + and Linkedin for further updates.
Keeping positive – Every week we post a motivational quote on our Facebook page and each month we will send you an email with useful tips and ideas to help you in your business. Be sure to keep an eye for them!