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Experts Warning Over Insolvency Debts

16th October 2019 | Written by In Accountancy | Categories : Accounts, Business, Client Focus, HMRC, Miscellaneous, News, Tax
Experts Warning Over Insolvency Debts

Prioritising HMRC over other creditors in insolvencies will have a ‘negative impact on the UK’s economic growth’, experts have warned Chancellor of the Exchequer Sajid Javid. The warning was issued in a letter from 11 business organisations and insolvency experts
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‘Major Gaps’ In No-Deal Brexit Guidance

11th October 2019 | Written by In Accountancy | Categories : Accounts, Brexit, Business, Client Focus, Events, HMRC, Limited Companies, local interest, News, Self-Employed, Small Business Tips
‘Major Gaps’ In No-Deal Brexit Guidance

According to the British Chambers of Commerce (BCC) there are ‘major gaps’ in the government’s no-deal Brexit guidance for UK businesses. The BCC carried out a review of official government no-deal Brexit guidance for businesses, and found that 31 of
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IN Accountancy… what we’re all about…

10th September 2019 | Written by In Accountancy | Categories : Accounts, Client Focus, Limited Companies, News, Team News
IN Accountancy… what we’re all about…

At long last I’ve updated my profile on LinkedIn… it’s been long time coming and when I looked at it I realise that I last wrote it just as I started working with IN Accountancy on consultancy basis; and that
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Digital Services Tax

8th September 2019 | Written by In Accountancy | Categories : Accounts, Business, Client Focus, HMRC, Miscellaneous, Personal Tax, Self-Employed, Small Business Tips, Tax
Digital Services Tax

From April 2020, the government will introduce a new 2% tax on the revenues of search engines, social media platforms and online marketplaces which derive value from UK users. However, this only applies when the group’s worldwide revenues from these
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Insolvency Hierarchy Changes

5th September 2019 | Written by In Accountancy | Categories : Accounts, Business, Client Focus, HMRC, Miscellaneous, Uncategorized
Insolvency Hierarchy Changes

From 6 April 2020, insolvency legislation will be amended to move HMRC up the creditor hierarchy for the distribution of assets in the event of insolvency by making HMRC a secondary preferential creditor in respect of certain tax debts held by a
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Off-Payroll Rules For The Private Sector

2nd September 2019 | Written by In Accountancy | Categories : Accounts, Business, Client Focus, HMRC, Miscellaneous, Pensions and Payroll, Self-Employed, Tax
Off-Payroll Rules For The Private Sector

The government has published the draft legislation for the next Finance Bill including the rules for off-payroll working in the private sector. The legislation is open for consultation until 5 September 2019. The new rules will apply from April 2020
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VAT Changes May Cause Construction Chaos

25th August 2019 | Written by In Accountancy | Categories : Accounts, Business, CASH, CIS, Construction Industry, HMRC, Limited Companies, Tax, VAT
VAT Changes May Cause Construction Chaos

The Federation of Master Builders (FMB) is warning that a major change in the way that VAT is accounted for in the building and construction sector which takes effect later this year may cause chaos. The VAT domestic reverse charge
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How to improve cash flow in a small business: Cash really is King!

23rd August 2019 | Written by In Accountancy | Categories : Accounts, Budget, Business, CASH, Client Focus, Limited Companies, News, Small Business Tips, Tax
How to improve cash flow in a small business: Cash really is King!

How to improve cash flow in a small business? This is a question we are often asked by clients and contacts alike. I continue to be surprised by the number of businesses out there who focus on top line sales
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DELAYED…Construction Industry – VAT domestic reverse charges

22nd August 2019 | Written by In Accountancy | Categories : Accounts, Brexit, CASH, CIS, Construction Industry, Contractors, Making Tax Digital, News, VAT
DELAYED…Construction Industry – VAT domestic reverse charges

GREAT NEWS – A plan by HMRC to introduce new procedures for paying VAT in the building and construction industry have been postponed for 12 months until 1 October 2020. ORIGINAL ARTICLE FOLLOWS BELOW: More changes are afoot from 1 October
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IR35: What’s next for Personal Service Companies?

20th August 2019 | Written by In Accountancy | Categories : Accounts, Contractors, HMRC, IR35, News, Tax
IR35: What’s next for Personal Service Companies?

If you’re an individual contractor trading through your own Limited or Personal Service Company (PSC) you will be aware of IR35 Legislation which has been in place since April 2000. Since this date it has been the contractor’s responsibility to
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