Accountants &
business growth experts

We are qualified accountants and are experts in accountancy, tax and business advisory. We work with established and growing UK businesses based in Reading and across the UK.

We come to work every day to work with our clients to build great businesses. We work with our clients to achieve their goals, and improve their own lives and the lives of their families.

Contact Melanie Curtis Accountants

 

GET IN TOUCH

Contact us today to discuss what we can do for you.

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OUR PACKAGES

We get up every morning to help our clients achieve
their personal goals through their business

 

SUCCESSFUL

Ambitious start-ups & established businesses

As 'Growing' plus:

  • Business Performance Review
  • Goal Setting Session
  • And much more...

GROWING

Great for a small business

As 'Getting Started' plus:

  • Director payroll, RTI compliance
  • P11D (where required)
  • And much more...

GETTING STARTED

Sole traders, lifestyle businesses or small start-ups

'Getting Started' includes:

  • 1 hour Kickstart meeting
  • Quickbooks Online subscription
  • And much more...

WINNER

Growing or medium sized businesses with big ambitions

As 'Successful' plus:

  • Quarterly Meetings
  • Annual Budgets
  • And much more...

CONTRACTOR

An all inclusive package

This includes:

  • Quickbooks subscription
  • Annual Accounts
  • And much more...

CONTACT US

Get in touch for more information about our available packages

 

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BUSINESS ADVISORY

Introducing Flourishing from Melanie Curtis.

Flourishing is our most powerful business advisory tool. Flourishing pulls in your data so that you can see a live picture of your business financials in a visual form.

We're Panalitix Accredited Business Advisors.

 

FIND OUT MORE YOUR COMPLIMENTARY BUSINESS REVIEW

 

Making Tax Digital

Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs - meaning the end of the annual tax return for millions.

FIND OUT MORE TODAY

Not local to Reading or Basingstoke? That’s no problem we work with businesses all over the UK and embrace all modern technology so we can deliver you the same fantastic service.

 

CLOUD ACCOUNTANCY

We offer full support and guidance to help you keep track and on top of your Bookkeeping with our Cloud solutions.

 

VIEW OUR CLOUD SOLUTIONS

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LOOKING TO SWITCH ACCOUNTANTS?

We are Business growth specialists and offer all the services you need, all under one roof - with a friendly approach and great value for money.

 

FIND OUT MORE CONTACT US

 

OUR WAY

We come to work every morning to help our
clients achieve their goals and dreams.

We are Cloud Accounting Experts.

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Learn more about us

OUR PROMISE

Not just our expert & flexible approach.

 

Our Fixed Fees

With easy monthly repayments so no surprise bills. We're upfront and honest about our costs.

Plain English

We make sure you understand what we're talking about and we want you to understand your numbers.

Flexible Support

Call us anytime for anything without charge or come in for a meeting, we're always happy to help!

Prompt Turnaround

We will turn around your accounts within 45 days, as long as we have everything we need from you.

2016 Tax: What’s changed this year and what does it mean for me?

We’re now in the 2016/2017 tax year – but do you know what’s changed? And more importantly, do you know how it impacts you?

Let’s go through the main changes and what financial implication they may have to you, your business and your staff.

Wages

If you have employees over the age of 25, you should already be paying them the new national living wage of £7.20 – it came in effect on the 1April. The national minimum wage (for those aged 25 and under) is also going to go up in October this year:

  • Those aged 21 and over will now be paid £6.95 – an extra 25 pence.
  • It’s a 25 pence increase for 18 -20 year olds, who now get £5.50.
  • Under 18’s hourly wages have gone from £3.87 to £4.00.
  • And apprentices get an extra 10 pence and have to be paid £3.40 an hour.

Income tax

Your tax-free personal allowance has gone up £400 to £11,000. And it’s due to go up again in 2017 – you’ll be able to £11,500 before you have to pay tax. The amount you have to earn before paying higher-rate income tax has increased too. You now haveto earn £43,000 before you have to pay 40% tax.

Dividends

The 10% tax credit on dividends has been scrapped, and a new £5,000 tax free dividend has been introduced – anything above this will be taxed at:

  • A basic rate of 7.5%.
  • A higher rate of 32.5% (was 25%).
  • Or an additional rate of 38.1% (was 30.55%).

This means that you can earn £16,000 (£5,000 in dividends with your £11,000 personal allowance) before paying tax. And if you’re an individual who pays the basic rate, and you take home more than £5,001 in dividends, you’ll need to complete a self assessment return.

Savings

As of April 2016, 95% of UK adults no longer pay tax on any savings and any savings accounts started earning interest tax-free. The new personal savings allowance (PSA) means that every basic-rate taxpayer (who pays 20% tax) can earn £1,000 in interest without paying tax on it. For higher rate taxpayers (40%), this is £500. Additional-rate taxpayers, who pay 45%, do not get an allowance.

Pensions

The basic state pension’s gone up to £119.30 a week, an increase of £3.35.

If, by the time you retire, your pension pot is more than the lifetime allowance figure set by the Government, you would have to pay tax – 55% if paid out in one lump sum, or 25% if it’s paid to you any other way. The lifetime allowance amount was £1.25 million, but this year it was decreased to £1 million.

It’s also changed for those who have been contracting out of the additional state pension – these are also known as second State Pension or SERPs. Whereas you used to be allowed to pay a reduced rate of National Insurance if you were paying into a company pension scheme (usually a defined benefit scheme) or a private pension, you’ll now have to pay more.

If you’re not sure where you stand in regards to your pension, check a recent payslip. If the national insurance line has any letter other than an A next to it, you are contracted out.

Capital Gains Tax

You occasionally need to pay Capital Gains Tax if you sell one of your businesses assets, such as shares, buildings, trademarks etc. And that has also changed. While the tax-free allowance is still £11,100, the rate has fallen by 10% for both taxpayers – it’s now 10% for basic rate and 18% for higher rate taxpayers.

 

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