You may receive a letter from HMRC stating that you owe a £400 penalty for 2013/14 tax year. HMRC have contacted Nova to explain that these letters have been sent out in error. You do NOT owe £400 and there is no need to call us regarding the letter.

HMRC are working to resolve this problem asap. Sorry for any inconvenience this may have caused.

Letters from Companies House

If you receive a letter from Companies House saying your company accounts are due, don't worry, Nova has this in hand. You do not need to contact us.

Nova Accounting

Nova Business Support for CIS Tradesmen

Making the transition from being employed to self-employed and working for yourself can be a daunting process and for some being self-employed may be your first experience of work.

Not only will Nova CIS deal with your payrolls and forward your payment advice slips for your records but Nova Business Support can deal with all your tax affairs and carry out your year-end Self Assessment forms.

This form is used to state taxable income and to reclaim your expenses but more importantly these expenses can be claimed as a deduction from your gross income before CIS deductions are applied.

HMRC uses the information on your tax return to work out your tax bill and whether you are due a CIS tax rebate.

Nova Business Support is happy to deal with this administrative burden allowing you to focus on your real job.

For an extremely competitive fee Nova Business Support will process all your expenses that you send to us in order that we can complete your Self Assessment form by 31st January of each year.

Allowable expenses include:

  • Loose tools and materials
  • Personal protective equipment such as high visibility jackets, steel toe caps and hard hats
  • Use of your home as an office
  • Secretarial expenses
  • Nova Business Support fees
  • Rent when working away from the normal place of business
  • Travel
  • Telephone – mobile and use of home
  • Internet
  • Printing, postage and stationery
  • Insurance

Nova Business Support will require receipts for all your expenses by 30th November of each year as we cannot guarantee that your tax return will be completed by January 31st the following year if this deadline is not met.

Should you have any questions or need further information or clarification on these points then please call the Nova CIS helpline on 0113 887 4757.

We look forward to you being another of our valued customers.

Nova Accounting Ltd, Registered in England No. 07931398
Registered Office 7 Limewood Way, Leeds, LS14 1AB | Copyright © Nova Accounting Ltd 2014. All rights reserved