News
The VAT Reverse Charge for the Construction Industry Scheme – Are you ready?
18 February 2021
From 1 March 2021, businesses within the Construction Industry Scheme (CIS) must record, report and pay VAT under the new VAT domestic reverse charge rules. This change affects both contractors and subcontractors and the supply of certain kinds of construction services in the UK. Under the new rules, VAT registered subcontractors...
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Large and medium-sized businesses need to be ready for IR35
18 February 2021
Large and medium-sized businesses now just have a couple of months left to prepare for the changes to the off-payroll working rules (IR35). From 6 April 2021, in most cases, the engager (employer) will be responsible for deciding whether to deduct tax and National Insurance Contribution (NICs) from freelancers and contractors...
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Don’t forget to claim home working tax relief
18 February 2021
Due to the ongoing restrictions of the Government’s Coronavirus response, millions of UK workers continue to work from home. Many may not be aware that they can claim tax relief for additional household costs if they are required to work from home regularly, either for all or part of the week. This tax relief is not available to those...
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Voluntary and compulsory strike-off processes paused in response to national lockdown
18 February 2021
Companies House will pause both the voluntary and compulsory strike-off processes for one month from 21 January until 21 February to support businesses affected by COVID-19, it has been announced. The extended measure comes in response to delays to the system caused by the third national lockdown.
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Consultations on future of Companies House could see filing deadlines slashed
18 February 2021
A set of consultations on the future of Companies House published in December 2020, include proposals for mandatory digital filing, requirements to tag accountants digitally with IXBRL and shortening filing deadlines to three months for public companies and six months for private companies.
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The advantages of electric vehicle salary sacrifice schemes
18 February 2021
Businesses looking to reward and retain staff members may wish to consider offering an electric vehicle (EV) salary sacrifice scheme. Not only are many EVs better for the environment, but they could also offer businesses considerable savings. Businesses can use employee salary sacrifice – similar to schemes offered for pension...
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Business insurance rates are on the rise
18 February 2021
The impact of the pandemic has been felt in many different ways. Some of the effects have been quite immediate, but now many businesses are starting to see how the events of the last year are affecting their annual business insurance rates as well. Before COVID-19 struck, there were already a number of factors adversely impacting...
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£2,000 grants for Brexit-related training or professional advice announced
15 February 2021
The Government has announced the launch of a £20 million SME Brexit Support Fund, intended to help SMEs with the new rules that apply to trading with the EU following the end of the Brexit transition period. The fund offers grants worth up to £2,000 to enable businesses who trade only with the EU and who are, therefore, new to...
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What you need to know about the end of the Northern Ireland grace period
15 February 2021
It was today revealed that the European Commission is unlikely to accept the Government’s proposition of a two-year extension to the Northern Ireland grace period. With reports suggesting that the Union will consider a three-to-six-month extension at best, what does this mean for businesses transporting goods into Northern Ireland?
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The VAT Deferral New Payment Scheme
11 February 2021
Any business that deferred VAT payments due between 20 March and 30 June 2020 as a result of the Coronavirus pandemic, must now consider how they will repay this outstanding tax. They can choose from the following options in order to do this.
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A modern approach required for music moguls
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Child's play with proactive accounts management
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Sometimes a business does exactly as it says on the tin
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A shared passion for architecture and a head for numbers
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A taste for growth, a thirst for knowledge
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Taxing demands with old school charm
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Smiles all round for dental practice
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Cut above the rest in personal management style