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Business tips

So how does this coronavirus impact a financial audit? There are number of touch points which are outlined below: 1) Operating in China - If your company operates in China or relies upon staff visiting China then the Coronavirus is likely to slow

The movement of goods between member states are called either arrivals or dispatches. The main difference between ESLs and Intrastat reporting

Something you may not be aware of as a business owner is the presence of multiple VAT schemes. The flat rate VAT scheme is one of them. The flat rate VAT scheme is a simplified version of VAT where instead of claiming VAT on purchases and payi

The movement of goods between member states are called either arrivals or dispatches. The main difference between ESLs and Intrastat reporting

Annual audit fees can often be substantial. However, in terms of reducing the overall cost of an audit you need to understand what is involved in the audit and what you can do to substantially reduce the amount of work carried out by the auditors th

The movement of goods between member states are called either arrivals or dispatches. The main difference between ESLs and Intrastat reporting

With the excitement of Christmas and New Year’s Eve behind us, most of us are looking forward to the year ahead, full of plans and optimism. January often feels like a month dedicated to fresh starts, but before beginning a new year of business we

The movement of goods between member states are called either arrivals or dispatches. The main difference between ESLs and Intrastat reporting

Key Points: Tax rules have recently changed for landlords and individuals owning property. Corporation Tax rates in the UK are low and so it can sometimes be more efficient to purchase property in a company. As well as tax considerations,

The movement of goods between member states are called either arrivals or dispatches. The main difference between ESLs and Intrastat reporting

A company is a going concern when the management consider the company can reasonably continue to trade for the foreseeable future, which is usually accepted to be a further twelve months.  The alternatives to a going concern is where the management

The movement of goods between member states are called either arrivals or dispatches. The main difference between ESLs and Intrastat reporting

Key Points: It is now more important than ever to ensure your tax affairs are up to date. Government systems are much improved and offer greater visibility on individuals who are not up to date If you have only recently acquired a rental prop

The movement of goods between member states are called either arrivals or dispatches. The main difference between ESLs and Intrastat reporting

Generally, when a property is used to earn rental income then it will fall under the definition of investment property. The problem is that FRS 102 (Sept 2015) simply states that the where a property that is owned by one group company and is rente

The movement of goods between member states are called either arrivals or dispatches. The main difference between ESLs and Intrastat reporting

Companies often believe that this is an easy calculation…just apply 10% against our debtor balance.  Now this may work as an approximation for your management accounts but it won’t do for your annual financial statements.  Below is a descriptio

The movement of goods between member states are called either arrivals or dispatches. The main difference between ESLs and Intrastat reporting

After months and months of debates, discussions and quite possible arguments, it seems like we are now still nowhere nearer to knowing if (or possible not) Brexit will occur on October 31st 2019. With this in mind, as a tax adviser, many of the quest

The movement of goods between member states are called either arrivals or dispatches. The main difference between ESLs and Intrastat reporting