Tax Diary October/November 2024
October 4, 2024
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1 October 2024 – Due date for Corporation Tax due for the year ended 31 December 2023. 19 October 2024 – PAYE and NIC deductions
Are you considering changing accountant in London, embarking on an entrepreneurial challenge, or looking for a Trusted Financial Advisor and Certified Chartered Accountant in London?
Our qualified and experienced Managers and Partners provide an exemplary level of service to our clients on a fixed fee basis – meaning you won’t need to worry about hidden costs for meetings and ad-hoc advice.
The Partners and their teams specialize in providing a blend of big-firm experience and professionalism, along with the sort of friendly service and client attention only available in smaller practices. We endeavor to develop innovative solutions for our clients, saving them time and money in the everyday running of their business.
ElanTax Accountants in London are the professionals who make sure that each of your accounting and taxation needs is well taken care of. Starting from the time that you reach out to us to the point when the job is done, we promise to keep you in the loop and deliver simple, affordable solutions to all your financial concerns.
ElanTax Accountants in London provide professional financial services to a wide range of clientele, from small businesses to individuals. An accounting firm based in London that combines the most recent technological advancements with traditional accounting methods to offer stress-free, transparent tax and accounting solutions while considering each client’s unique demands. Over three decades of experience, their firm was specifically focused on innovative software and personalized service to ensure the clients receive the much-needed valuable insights and support to drive business growth. In clients’ management and detailed service,
ElanTax Accountants have already proven their reputation and can thus be considered one of the trustworthy partners in financial management. Accounting for the pioneers, ElanTax Accountants in London, who have been at the forefront, is adapting to the fast-changing needs of businesses and individuals.
Welcome to The ElanTax your small business accountant in London. Choosing the right accountant can be difficult, but we make it easy with hassle-free accounting and tax services designed for startups and SMEs. Our CPAs handle everything from bookkeeping to tax preparation, ensuring your financial records are accurate and up-to-date.
We offer a variety of services, including income statements, balance sheets and cash flow statements. Our experience spans a variety of industries and we provide personalized support to help your business thrive. With branches in London, Malta and Lahore, we are always there to help you.
To help you manage your accounting records, costs, payroll, VAT, and bookkeeping more easily, we have worked with industry-leading platforms like Xero, FreeAgent, DocSAFE, Iris OpenSpace, and QuickBooks. With these superior software solutions, we, as skilled accountants in London, help improve your cash flow and forecasting. We’ll take care of the setup and offer thorough training if this is your first experience with cloud accounting.
You can post costs, send bills, and import bank statements straight from your bank account with our help. Take advantage of anytime, anywhere access to your accounts and tax information in real time. Our knowledgeable accountants in London make sure you can easily manage your finances.
Our dedicated, qualified accountant in London provide personalized service, ensuring a deep understanding of your business needs.
From accounting and tax advisory to company formation and payroll, we offer a full suite of services to streamline your business operations.
We leverage cutting-edge accounting software like Xero, QuickBooks, DocSAFE, Iris OpenSpace, and FreeAgent to automate processes, enhance efficiency, and provide real-time financial insights.
Enjoy fixed monthly fees with no hidden costs, ensuring budget-friendly and predictable accounting support.
Switching to ElanTax is effortless, with our team handling all the details to ensure a smooth transition from your previous accountant.
Our professional skilled and dedicated team provide best advice for your business and we are part of professional bodies the institute of Chartered Accountants in London, England.
ElanTax Hybrid model with its own Pakistan-based staff is unique. This manpower is ElanTax’s biggest strength. We understand ElanTax Quality staffing is a big issue in the UK market. We also share experience/knowledge across the group and have specialist departments. For example, Tax, Property, Doctors and Dentists. This improves the efficiency of your office.
ElanTax work on developing software-neutral automation that assists the bookkeeping/compliance and client relationship process. This increases staff efficiency and allows staff to work flexibly. Flexible working reduces overhead spend and is a highly motivating factor for some (there are several surveys by national media on this topic).
No fee increases apart from inflation.
We are very flexible with partner wind-down times. Anything from winding down over 1-2 years to staying on full time. We understand it depends on your personal situation and the agreement will reflect that flexibility.
ElanTax understands client relationship is very important. In our model, key client-facing staff are retained so clients do not see a difference. We also ensure brand loyalty, by retaining the location and company name with ElanTax in front. Client response rates are improved with automation and Pakistan team support.
Yes, and this increases your 2nd and 3rd considerations. We have a Business Development team. A marketing Director, Telemarketing Managers and Sales Directors. Elantax has an organic growth of new clients of around 5% a year across the group.
For those directors/partners who do not wish to retire, and to incentivize the next generation of practice leaders, ElanTax structures acquisitions with a bonus plan/senior employee incentive scheme. From the moment of completion, ElanTax offers central group assistance for Tax/Accounting, HR, IT, Compliance and general admin so these headaches lessened for both retiring directors and Successors.
There is a comprehensive plan post-completion to ensure a smooth transition. This will be shared with you as discussions progress. Relevant ElanTax staff will in situ for the transition period as well. We recognize this is a critical period to ensure ongoing success for both parties.
1 October 2024 – Due date for Corporation Tax due for the year ended 31 December 2023. 19 October 2024 – PAYE and NIC deductions
Most gifts made during a person’s lifetime are not subject to tax at the time of transfer. These gifts, known as “potentially exempt transfers” (PETs),
You can typically claim tax relief on private pension contributions up to 100% of your annual earnings, subject to certain limits. Tax relief is applied
