Tax Year 2017/18 and 10 Changes You Need To Know

Tax Year 2017/18 and 10 Changes You Need To Know

The start of the new tax year in UK brings a raft of tax changes that you simply can’t afford to ignore as they all come into force in the coming months. We have provided some of 10 key changes and the proposed implementation dates. 1. The Personal Allowance will rise from April 2017 The Personal Allowance is the amount of income you can earn before you start paying income tax. It’s currently £11,000 this year, and will rise to £11,500 in 2017-18. The point at which you pay the higher rate of income tax will increase from £43,000 this year, to £45,000 in 2017-18. 2. The National Living Wage […]

Overdue Invoices: 6 Steps How To Deal With Late Payments

Overdue Invoices: 6 Steps How To Deal With Late Payments

Signed work was done. You issued invoice and waited patiently for it to be paid as you have a right to it. But the payment deadline has passed and there’s no sign of your money. What next? 6 steps you can take dealing with late payments   1. Email reminder The customer must pay you within 30 days of getting your invoice or the goods or service. If the payment deadline has passed, send a follow up email within a few days with a copy of invoice attached. If you don’t get a response, send another.   2. First formal letter Write a first formal letter and enclose invoice or […]