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On December 9, the UK government published the draft legislation on dividend allowance. This follows from summer 2015 budget reports in which the government declared that there will be a new dividend allowance of £5,000 starting from sixth April 2016. Consequently, it is expected that the rate of tax on dividend income will change. Beginning from that date, the existing dividend tax credit will be scrapped and a new dividend tax allowance of £5,000 will be introduced. As a result of these new changes, the following rules will apply to the taxation of dividend income.

The Liechtenstein disclosure facility is to close earlier than expected on 31 December 2015. This means that UK tax payers who have overseas financial assets and have a tax liability on those assets have just over a month to take advantage of the generous settlement terms offered by the Liechtenstein disclosure agreement.

HM Revenue & Customs have modified their guidelines with respect to tax payers that elect to settle their tax charge with a credit and / or debit card. This implies that there'll be a restriction over the number of instances a person or business will be able to use credit or debit card to pay for their tax liability.

Businesses and individuals in London who require expert accounting services at reasonably fair and transparent prices have their wishes granted. Alexander Ene, a firm of chartered certified accountants in London has entered the festive season early by offering 25percent discount on their normal fees to both new and existing clients for the month of November 2015. The firm which has been established for over a decade, believe in simplicity and fairness when pricing their services and proactively suggests ways in which their clients can save money. Businesses are provided with a full range of prices for preparing annual accounts for sole traders, partnerships and private Limited companies. Alexander Ene, as small business accountants in London, take the success and growth of their clients business seriously. They proactively work with their clients which include a number of start-up businesses and assist them in turning ideas into reality. They often assist in setting up bank accounts and establishing a working relationship with banks on behalf of their clients.

For those who are intimidated by the prospect of preparing their tax return, help is at hand. While it may be incredibly daunting at first glance, there is no reason why people can not face the challenge head-on and complete their tax return on time. However for those who can not face the challenge no mater what, the London accountants Alexnder Ene have offered to help out with a 15 per cent discount for the April 2015 tax return. They have however added that in order to get the 15 per cent discount, the individual must have the relevant information delivered to their office before the end of November 2015. This offer follows a recent publication in a local news paper describing how people find it difficult to locate an accountant for self employed tax return when they need one.

If you operate a small business it is vital to keep accurate records of your business transactions throughout the year. Any sort of unverified expenses may end up being quarried if you get a tax investigation. By law, a business owner is required to keep all of his or her receipts, bank records and also credit card records for a minimum of four years after the end of the financial year. Purchase invoices and bank statements usually are verification of exactly what the firm ordered as well as the date of purchase. Credit card and bank account details, together with cheque stubs provide evidence of the actual expenditures.

An effective accounting service is something that every business needs due to the fact that it not only helps a profitable business improve its performance but it also helps a business in difficulty identify various aspects of its business that need improvement. In addition, accounting is a fundamental aspect of every business fulfilling their legal obligation in terms of reporting to the tax authorities and paying the right amount of tax due to the government.

Alexander Ene is a firm of accountants in north London that has been around for the last 16 years and soon will be 17 years. Over the years the firm has grown from a simple and small business accountant in London to a sizeable but efficient firm providing tax and accounting services to small businesses in London and the surrounding areas.