VAT and hospitality
Be aware that the reduced 5% rate for the tourism and hospitality sector applied to 30 September 2021, when the […]
Business
Dividends from your company – care is needed
In many small companies, the tax planning strategy is for directors to draw a “low” salary sufficient to ensure NI
Automated Invoice processing
The prior article referred to invoices being duplicated. Using one of the purchase invoice data extraction products can help to
Bookkeeping – review your “aged payables” report regularly
If you are using purchase ledgers – recording purchase invoices when received – these will appear as owing and then
Selling online but not declaring the income? Watch out – HMRC will know
[vc_row][vc_column][vc_column_text] Selling online but not declaring the income? Watch out – HMRC will know [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Changes are afoot that will
Selling on credit? Keep on top of your debtors!
When you are selling and offering credit terms to your customers, it is essential to keep the cashflow moving. After
Should you register for VAT?
Should you register for VAT? You must register for VAT if: • you expect your VAT taxable turnover to be
SEISS grant 5th tranche
The 5th Coronavirus support grant for the self-employed is live to claim from late July through to the end of
Higher Rate taxpayers – some simple tax savings tips that are easily overlooked
If your pre-tax income exceeded £50,000 in the last tax year (2020/21) it is possible that you may have been
Might the VAT flat rate scheme be beneficial to your business?
If you use the Flat Rate Scheme, you charge VAT to your customers (‘output VAT’) and pay VAT to your