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We want to share some of our accumulated knowledge with you! Stay up to date with the world of finance and accountancy and learn some tips and tricks that you’ll be able to apply to your business.

If you want to learn any more about any of the subjects we’ve covered, from small business tax advice, to how to complete a financial audit, get in touch today or visit our services page.

General, VAT

Cake and Biscuits, do they really make you VAT?

Do I fancy that slice of birthday cake your colleague just bought into the office? Or do I fancy just one more biscuit to dunk in my morning tea? Everyone loves a cake or some biscuits whether this is at home or in the office. But no...

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General, TAX For Companies, VAT

How to reduce your tax liabilities for alternative lending companies

The alternative lending business contains a number of specific tax issues and opportunities and it is understanding these, planning accordingly and meeting the compliance requirements that are going help you to minimise your tax...

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Accounting, General, TAX For Companies, TAX For Individuals, VAT

What should you be looking for when choosing an accountant?

Okay you have got your brilliant idea and have set up your company as this is the way you are going to make it big. But now you are a director there are certain obligations under company and tax law that you are going to need to comply...

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General, VAT

VAT Flat Rate Scheme – Important Changes for Contractors

Businesses that operate in the UK and have “taxable supplies” are only required by law to be VAT registered broadly if they turn over £83,000 per annum. This means that very small businesses do not need to be VAT registered, although they are...

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Company Formations, TAX For Companies, VAT

What are the advantages and disadvantages of VAT Registration?

Of all the taxes in the UK, most of all newly incorporated business are interested in finding out more information regarding VAT (or Value Added Tax). When you operate a business, it is important to understand the rules, requirements,...

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Audit, Business Planning, Company Formations, General, TAX For Companies, TAX For Individuals, VAT

Using a UK Company to Access Merchant Payment Services

A typical situation exists where a foreign ecommerce company needs to segment its payment processing in order to protect its ability to collect money from its clients. Reasons for doing so vary: Spreading the chargeback risks across a...

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General, TAX For Companies, VAT

What is VAT MOSS? VAT MOSS Explained

Quite simply, the MOSS system is a simplified way to declare and pay the VAT you owe across the EU in one place, normally in the country where you are also established, and VAT registered. As is always the case with VAT, the detail is...

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TAX For Companies, VAT

BREXIT – VAT update – important information for businesses moving goods between the EU and the UK

The UK will soon be leaving the European Union. While the details and timings of Brexit remain a topic of parliamentary debate, at this stage it appears the UK will leave one way or another. There is a high chance that the UK will be leaving...

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Accounting, VAT

What is the Flat Rate VAT scheme?

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...

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VAT

VAT Groups – Making tax digital

A number of our clients that operate VAT groups have been enquiring whether Sage 50 will be able to manage the submission of group VAT under Making Tax Digital (MTD). You will be pleased to know that it can via the MTD submission module.  You...

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General, VAT

VAT Flat Rate Scheme

The Flat Rate Scheme (FRS) for VAT is a much more simplified version of the normal VAT Scheme. The basic principles of the FRS are that you charge VAT on your sales as normal, but that when it comes to calculating your VAT payable to HMRC,...

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VAT

VAT Limits and VAT Registration

This can also include goods and services that are imported into the UK from EU countries. In the UK, there are currently three different rates of VAT: Standard (20%), Reduced (5%) and Zero (0%). The type of good or service will determine the...

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