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Tax Credit Deadlines
Newsletter issue - June 07.
If you are claiming tax credits you should have received a renewal pack by now to renew your claim for the current tax year: 2007/08. You need to return these papers by 31 July 2007 including, if possible, an accurate statement of your family income for the year to 5 April 2007. If you don't return the renewal papers by 31 July your tax credit payments will stop.
Where your income is primarily profits from your own business you may need to wait until your 2006/07 accounts are completed, before you can give an accurate figure for your family income. If this is the case you should include an estimate of your income on the renewal papers and supply the final figures by 31 January 2008.
Where there are changes in your family circumstances, your working patterns or in the number of children that qualify for tax credits within your family, you need to report these changes to the Tax Credit Office within one month of the change. For example if you split up with your partner, so they cease living in the family home, you must report this change within one month. As a single person supporting children your tax credit claim will need to be recalculated based only on your income and your working hours.
What our clients say about us...
"Paul has provided accountancy services to my company for 2 years now. I can recommend Paul very highly; his skills as an accountant are highly detailed and professional and he is always available to provide advice. One aspect of the way Paul works that I greatly appreciate is a preference to meet face to face when there is a detailed conversation to be had. I personally find this more productive and is a benefit of working with a small accountancy firm that you wouldn't get with the large faceless providers."
ALISTAIR FAIRWEATHER - PROGRAMME & PROJECT MANAGER, DELIVERING/RESCUING I.T. 7 BUSINESS CHANGE WITH BUDGETS UPTO £50M INC SUPPIER MANAGEMENT
"I couldn't ask for more from Paul as an Accountant. Paul has been accountant to Work Relief Charity Recruitment for just over a year now and is proving an invaluable asset. Accurate, knowledgeable, flexible with an emphasis on service delivery, I would recommend Paul's services to any organisation looking for an accounts professional."
Neil Price - Managing Director at Work Relief Charity Recruitment
"Paul was a referral from a family member when I started my business 2 years ago. As this was the first time I had ever run my own company I was totally clueless over the financial side of matters and was worried that I may have made mistakes in any of my accounting. I needn't have worried as after enaging Paul for a set monthly fee he was always there on the end of the phone for all sorts of questions I had and no matter how trivial they were Paul gave me all the information I required and more and did an excellent and painless job at the end of my first year! Couldn't ask for any better to be honest. Just two words - hire him!!!"
Lee Westrap MBCS - Director - Bulldog IT Services
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