Limited Companies

What is Turnover? Turnover is a great indicator of business or sales performance, in fact it’s probably the most simple business metric there is. Turnover is not, however, an indicator of the health of your business though – read on
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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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The Financial Conduct Authority (FCA) has agreed a plan to give the payments and e-commerce industry extra time to implement Strong Customer Authentication (SCA). From 14 September 2019, new European Union (EU) rules apply that impact how banks or payment
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The Institute of Chartered Accountants in England and Wales (ICAEW) has urged the government to simplify the complexities of accessing apprenticeship funding. The Apprenticeship Levy took effect from 6 April 2017 and changed the way in which apprenticeships are funded.
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HMRC has confirmed that it will continue its risk-based approach to payroll Real Time Information (RTI) late filing and late payment penalties this tax year. Rather than late filing and late payment penalties being issued automatically, HMRC will continue to
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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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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? 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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The government has announced a package of measures to ensure small businesses get paid on time. Under the proposals, large businesses could be fined for failing to pay smaller suppliers on time as part of a robust package of measures.
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HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. Under the rules, businesses with a taxable turnover above the VAT threshold(currently £85,000)must keep digital records
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