In the not too distant past, if you filed a set of accounts for a registered company with Companies House this usually involved sending the required documents using the postal system. Inevitably, this involved a certain amount of delay: initially, for the package to find its way from your location to Companies House, and then…
Read more
Recurring income
If you are in business you either buy (manufacture) or sell goods, or you deliver a service based on your personal skills. If you buy or sell goods there is no reason to believe that once you have achieved a sale to a particular person of business, they will return to buy again. Unless, what…
Read more
Update on the VAT reverse charge for building contractors
From 1 October 2019, contractors who employ subcontractors, will need to assume responsibility for declaring and paying the VAT that was previously settled by their VAT registered subcontractors. From this date, registered subcontractors will no longer add VAT to their invoices and main contractors will pay this net of VAT amount. Now the challenging part.…
Read more
Reconsider cycle to work scheme
The government have recently announced that they are to extend the criteria for an approved, and therefore tax-effective, cycle-to-work scheme as part of their drive to reduce pollution and CO2 emissions in urban environments. E-bikes have an integrated motor that helps a cyclist pedal, allowing them to reach speeds of up to 15.5 mph in…
Read more