News

New company car advisory fuel rates have been published which take effect from 1 September 2019. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car. The advisory fuel rates for journeys undertaken on or after 1 September 2019 Read the full article…

In order to try and ensure that businesses are ready to trade post-Brexit, HMRC is automatically enrolling them in the customs system. HMRC has confirmed that more than 88,000 VAT-registered businesses across the UK will be allocated an Economic Operator Registration and Identification (EORI) number in order to enable them to keep trading with customers and suppliers in the EU Read the full article…

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 it was therefore very much focused on that consulting business and the coaching practice I had before that, as well Read the full article…

So a few months ago I was absolutely delighted to find out that I had been nominated for an EVA – an Enterprise Vision Awards for women in business. There are 14 categories, and there were more than 10,000 nominations across those categories, so to find out that I was one of eight finalists in the Financial Services category was Read the full article…

HMRC has updated their list of examples of websites, emails, letters, text messages, WhatsApp messages and phone calls used by scammers and fraudsters to obtain an individual’s personal information. The guidance can be used to help you decide if a contact from HMRC is genuine and provides examples of the different methods that fraudsters use to get individuals to disclose Read the full article…

The government is reminding working parents that they could ease this summer’s childcare costs by using Tax-Free Childcare (TFC). The scheme is worth up to £2,000 a year for each child and allows parents to save regularly for childcare costs. For each £8 saved the government will make a top-up payment of £2. The money saved can be put towards Read the full article…

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 growth above all else and forget the rule that Turnover is Vanity, Profit is Sanity, but cash is KING! And Read the full article…

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 2019 (now delayed until 2020 in the world of accounting for VAT, this time specifically relating to the building and construction Read the full article…

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 determine whether a contract falls ‘inside’ or ‘outside’ of IR35. If the engagement falls outside of IR35 then for tax Read the full article…

HMRC has issued the June 2019 edition of the Employer Bulletin. This includes articles on a number of issues including: labour supply chain fraud using loans to avoid Optional Remuneration Rules re-enrolment of staff back into a workplace pension scheme GDPR fees contractors operating CIS – new VAT reverse charge on building and construction services using Tax-Free Childcare to make Read the full article…