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We hope you can find everything you need. NL Accountancy & Bookkeeping Services is focused on providing high-quality service and client satisfaction – we will do everything we can to meet your expectations. With a variety of offerings to choose from, we’re sure you’ll be happy working with us. Look around our website and if you have any comments or questions, please feel free to contact us.  Please also see our Facebook page for other updates

About Us

About Us

Our practice is based on the belief that our clients’ needs are of the utmost importance. Our small team is committed to meeting those needs. As a result, a high percentage of our business is from client referrals.
We would welcome the opportunity to earn your trust and deliver you the best service. If you would like to find out how we can assist you & your business, please contact either Nicola, Aimee or Paul.
Our practice is licensed with The Institute of Certified Bookkeepers. Nicola trained and worked for a Chartered Certified Accountant for 17 years before opening this practice in 2006. Since then the Practice has grown to include Aimee who is MAAT qualified & Paul as our Administrator.

 

Location

Beck Cottage
30 The Street
Upper Sheringham
Norfolk
NR26 8AD
Tel: 01263 478675
Mob: 07786 164057
E-mail:
info@nlaccountancy.co.uk

Hours:
Mon – Fri: 09:00 – 17:00 Lunch 12:30 to 13:30

Sat: Closed
Sun: Closed

Practice No 4269
 
Proprietor: Nicola Lamb FICB

 

Services

Services
We specialise in using Sage, Quickbooks, Kashflow, Xero, FreeAgent & AutoEntry for our bookkeeping services and can offer training.  We are happy to use and advise on other bookkeeping software to suit the clients needs.  For payroll we use Brightpay. We operate on-line filing services with HM Revenue & Customs and Companies House so that your returns & accounts are filed safely and on time
                     

Accountancy & Taxation Services - Accounts preparation for:
  • Sole traders
  • Partnerships
  • Limited Companies
  • Property Management Companies
  • Charities

Taxation for:

  • Self Assessment
  • Corporation Tax
  • Capital Gains Tax
Bookkeeping Services:
  • VAT Returns
  • Payroll, incl. set up and processing of Auto Enrolment Pension Schemes
  • Bookkeeping
  • Cashflows
Operated on a time basis to suit you

Useful updates & information

Useful updates & information

Covid information is on our facebook page

Tax & NIC Thresholds 2019/20 2020/21
Tax Pers Allow 12,500 12,500
Starting rate for Savings 5,000 5,000
Current Income band 2020/21
Up to 12,500 0% 0%
12,501 – 37,500 20% 20%
37,501-150,000 40% 40%
150,000+ 45% 45%
Dividend allowance 2,000 2,000
Basic/standard taxpayer 7.50% 7.50%
Higher rate taxpayer 32.50% 32.50%
NIC 2019/20 2020/21
Class 1 Lower earnings limit 6,136 6,240
Class 1 Primary threshold 8,632 9,500
Class 1 Secondary threshold 8,632 8,788
Class 1 Upper secondary threshold (under 21) 50,000 50,000
Class 1 Apprentice upper secondary threshold (under 25) 50,000 50,000
Class 1 Upper earnings limit 50,000 50,000
Class 2 Lower income threshold 6,365 6,475
Class 2 Per annum 156.00 158.60
Class 4 Lower limit 8,632 9,500
Class 1A 13.80% 13.80%
Capital Gains
Annual allowance 12,000 12,300
Rates on residential property Basic rate taxpayer 18% 18%
Rates on residential property Higher rate taxpayer 28% 28%
Rates on other gains Basic rate taxpayer 10% 10%
Rates on other gains Higher rate taxpayer 20% 20%

From 6 April 2020, where CGT is due on the disposal of UK residential property by a UK resident individual or trustees, a new standalone online return will need to be filed, together with payment on account of CGT, within 30 days of the date of completion of the transaction. (Finance Act 2019 Schedule 2).

Corporation tax profits 2019/20 2020/21
£0-£300,000 19% 19%
£300,000 + 19% 19%
Other Thresholds
Value added tax
Registration limit 85,000 85,000
De-registration limit 83,000 83,000
Student loan & postgraduate loan recovery
Employee earnings threshold for student loan plan 1 per annum 18,330 19,390
Employee earnings threshold for student loan plan 2 per annum 25,000 26,575
Student loan deductions 9% 9%
Employee earnings threshold for postgraduate loan per annum 21,000
Postgraduate loan deductions 6%
Minimum wage
From 1 April 2018
Age 25+ 8.21 8.72
Age 21-24 7.70 8.20
Age 18-20 6.15 6.45
Age 16-17 4.35 4.55
Apprentice 3.90 4.15
Employment Allowance 3,000 4,000
Statutory Maternity Pay – per week 145.18 151.20
Statutory Sick Pay – per week 92.05 95.85
Marriage Allowance – per annum 1,250 1,250

Capital Allowances

From 2018/19 Annual Investments Allowance (AIA) limit is £1m from Jan 2019, but decreases to £200,000 from 1 January 2021.

Capital allowances rates 2019/20 2020/21
AIA 100% 100%
Main pool 18% 18%
Special pool 8% 8%
Small pool write off, balance less than £1,000 100% 100%
Structure & Buildings 2% – straight line 2% – straight line

Contact

Contact Details

    Location

    Beck Cottage
    30 The Street
    Upper Sheringham
    Norfolk
    NR26 8AD
    Tel: 01263 478675
    Mob: 07786 164057
    E-mail:
    info@nlaccountancy.co.uk

    Hours:
    Mon – Fri: 09:00 – 17:00 Lunch 12:30 to 13:30

    Sat: Closed
    Sun: Closed

    Practice No 4269
     
    Proprietor: Nicola Lamb FICB