Audit & Accountancy

Among the announcements leaked before Budget Day was an increase in the hourly rate for the National Living Wage (NLW), which was greater than inflation for those aged 23 or…

HMRC have recently updated their guidance on accounting for VAT on goods imported from outside the UK, which, since Brexit, includes the European Union. Businesses registered for VAT in the…

Since 6 April 2021, large and medium-sized organisations have had to determine whether or not a worker supplying their services via their personal service company would be treated as an…

If a company makes a trading loss of no more than £200,000 in an accounting period, it is now possible to claim relief for that loss even though the corporation…

Small businesses with turnover below £150,000 may join the VAT flat rate scheme which makes their VAT accounting much simpler as they pay HMRC a percentage of their VAT inclusive…

It is fairly common, particularly in the summer holidays, to pay a deposit when booking a hotel or self-catering accommodation but how should the deposit be accounted for? HMRC have…

It was confirmed in the budget that the new rules for workers providing their services through personal service companies would start from 6th April 2020. However, it has subsequently been…

Now that Boris Johnson and his Conservative party have won the General Election will we finally “Get Brexit Done”? More importantly, can the Government now get on with running the…