Please take a few minutes to read this newsletter as it contains important information.
Thank Yo u

 

 

Calling All Landlords

-  Deadlines are Closer Than They Seem

-  The National Minimum Wage Increases

 

 

EasyBooks Self Assessment Deadlines for 2015/2016
 
Please note our deadline for receiving your 
Self Assessment paperwork for 2016 is fast approaching.
 
 
The good news is if you have brought in all your paperwork before our first deadline, you won't receive any additional charges. We will already be working on your accounts and will contact you soon to arrange your sign off, if we haven't already done so.
 
However, if you didn't make the first deadline, there will be an additional 5% charge to your invoice.
 
There is more good news in that you have a 2nd deadline, which is up until 5pm Friday, 11th November 2016, to bring in all your paperwork.
 
But please don't leave it until the last minute because anything brought in to us after that date will have an extra 20% added to your final invoice. Plus there's no guarantee we'll be able to submit your tax return on time.
 
So if you do need us to submit your personal tax return for 15/16 and you haven't yet brought in your paperwork, now would be a good time to do so. We DON'T want any of you to suffer HMRC penalties for late filing so please help us to help you.
  
Plus can we ask that you check ALL relevant paperwork and documents are brought to us, as missing items (e.g. bank statements) delay the whole process and increase the time it takes us to complete the work!
Thank you.
Calling All Landlords in Wales


if you are: -
 
did you know that as of Autumn 2015, you and your properties are now required to register with Rent Smart Wales?

If you are a landlord, who falls into any of the above categories, the deadline to comply with this new law is 23rd November 2016. The aim of Rent Smart Wales is to raise standards in the private rented sector. 

Once you have registered with Rent Smart Wales, you will require training and when completed you can apply for your licence. Applying for you licence can take up to 8 weeks to process. Therefore the sooner you start the process the more likely you are to beat the deadline.

You can apply on-line with a simple form, which should take no longer than half an hour at www.rentsmart.gov.wales or alternatively you can call their helpline on 03000 133 344 for a paper application.

Equally a gents or a partner who carry out any of the following letting work on your behalf must obtain a licence and training too.

* publishing advertisements or disseminating information; 
* arranging and conducting viewings with prospective tenants; 
* preparing, or arranging the preparation of, the tenancy agreement; 
* preparing, or arranging the preparation of, any inventory or schedule of condition;
 
Agent Property Management Work:  
This activity on its own requires a licence:
* collecting rent
 
If you are unsure as to whether your Agency is registered click here

The National Minimum Wage is on the Increase

  


From 1st October 2016 the National Minimum Wage will rise and as an employer you will need to check that all your staff are on the appropriate rates. If there are any changes to your employee arrangements please remember to inform us at EasyBooks of any updates.

Here are a few pointers to consider:-
  • Check and make a note of all employees in the various categories, who are eligible in your work place for the new National Minimum Wage
  • Take appropriate payroll action
  • Inform your employees of their new pay rate
  • check all employees over the age of 25 are receiving the National Living Wage

Structure, level and increases in the minimum wage
*based on current available information
Current level
From April 2016
October 2016
 - April 2017
Increase
Adult rate (21+)
 


NLW (25+)
£7.20
£7.20
n/a
Adult Rate (21-24)
£6.70
£6.95
3.7%
YDR (18-20)
£5.30
£5.55
4.7%
16-17 Yr Old Rate
£3.87
£4.00
3.4%
Apprentice Rate
£3.30
£3.40
3%
Contact us at: 
Unit 4, Dragon 24,
North Dock, 
Llanelli,
SA15 2LF
Tel: 01554 751032     Fax: 01554 741577 
or visit our website:
STAY CONNECTED: