News

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…

When the Chancellor announced a temporary cut in the rate of VAT for the hospitality sector and attractions in his summer statement on 8 July there were several areas that…

In these uncertain times, businesses are combatting an increased amount of fraud. Throughout recent months, there have been widespread reports of an uptick in fraudulent websites, charity scams and fake…

As we emerge from lockdown and return to the workplace, managers will need to ensure that employees feel safe. Over the coming weeks and months, many businesses will return to…

Are you rolling out of a staff survey to analyse the impact of COVID-19? Have you considered how to action the data gathered in a meaningful way? We have experienced…

Companies with profits in excess of £1.5 million are required to make quarterly instalment payments (QIPs) of their corporation tax liability much earlier than the normal payment date which is…

HMRC have recently announced that they may allow limited companies to make claims for loss relief and tax refunds even though the current accounting period has not yet ended, and…