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BUSINESS GUIDES, INSIGHTS, ADVICE & NEWS
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Should my business be VAT registered?
VAT, or Value-Added Tax, is a consumption tax, where the tax is applied to the purchases of goods and services of taxable supplies. It is seen as a regressive tax because it impacts the poorer more than the rich, due to the higher propensity to spend of the former group. Initially modelled on the EU-framework,…
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Help: I’ve been made Redundant – the Tax Implications
One thing’s for sure, this is a difficult time for everyone involved, so the last thing you need is Accounting and Tax rules making things even more difficult than they need to be. The rules here are not that simple, but with the right advice, they don’t need to make the process any harder, for…
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How To Find An Accountant To Do Your Tax Return
Self assessment tax returns! Do those words bring on a headache? As we approach the winter months and the end of the year our thoughts may be turning to more exciting things than tax returns (psst! there only 11 weekends until Christmas!). However, now is a very good time to start thinking about filing your…
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Investing in an Accountant for a Start-Up Business
Being your own boss is an incredible experience, but it’s also really frightening, with money and cashflow at the very centre of your mind. No matter what else is going on, you will be asking yourself ‘am I going to get enough money in to pay myself?’.
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Are there any tax benefits of being married, with children?
It’s strange how some myths linger on despite the evidence stacked against them. The concept of the “common law” husband or wife is a myth people still believe in when planning their finances. Many people still think they can enjoy the tax advantages of being married – but without being married or in a civil…
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Could you be an exception to Making Tax Digital (‘MTD’)?
Making Tax Digital (‘MTD’) is an HMRC initiative attempting to transform the UK tax system, with more regular and detailed submissions of information and payments of tax to HMRC electronically.
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Case Study: When falling behind with the accounts starts affecting mental health
When you’re years behind in your accounts, it’s still not too late to make a fresh start We understand that for many of our clients the relationship we build goes beyond the technical accountancy service we offer. The real difference we can make is supporting them when times are challenging and giving them confidence that…
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Construction changes to VAT *delayed*
In line with other similar changes in the tax system, HMRC have decided to delay the implementation of the VAT changes for the Construction industry by 12 months, after much pressure from the Federation of Master Builders (FMB), Federation of Small Businesses (FSB) and other business groups.
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The Future is Here: Open Banking
In the modern world Banks have a perplexing problem; consumers want more convenience (easy ways to check their balance and make payments) at the same time as greater safety and security (of their data and finance, especially post General Data Protection Regulation (‘GDPR’)). A few changes have taken place recently as steps towards this, known…
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4…3…2…1… MTD is here
The final MTD deadline is fast approaching for quarterly returns on 7th October 2019 (for quarters ending 31st August 2019), with the monthly VAT returns already been and gone on 7th June 2019.
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Two weeks to go until MTD#2
The second MTD deadline is fast approaching with only two weeks remaining until 7th September 2019 for quarterly returns (for quarters ending 31st July 2019), with the monthly VAT returns been and gone on 7th June 2019.
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Should you buy a car through your business?
While it may initially appear to be a good idea to purchase your new car (or other vehicle) through a limited company, I always advise my clients to take the time to understand the implications of purchasing a car this way. When you look into the details, a company owned car may not be as…