VAT Domestic Reverse Charge for Building and Construction Services

From 1 October 2019 a new VAT reverse charge comes into effect for building and construction services, where payments are required to be reported under the Construction Industry Scheme.  Broadly it means that when a business receives a supply of building and construction services for onward sale, the recipient of the services (the contractor) accounts… Continue reading VAT Domestic Reverse Charge for Building and Construction Services

Why is an Accountant Good for my Small Business?

Accountants can sometimes be seen as too expensive, or a luxury only needed for bigger companies, but there are a number of ways in which accountants are helpful for even the smallest of businesses. Saving Tax I was speaking to a business owner recently who had prepared his own accounts and tax return for a… Continue reading Why is an Accountant Good for my Small Business?

MTD – now you have the compliant software what do you need to do next?

Now that you have filed the last VAT return under the old system and have Making Tax Digital (MTD) compliant software (or have arranged temporary bridging software) the next considerations are when to register with HMRC – even though you are already VAT registered you still need to register for MTD (timing)how to register (Step… Continue reading MTD – now you have the compliant software what do you need to do next?

Help When You Need It

Help When You Need It For the times when you need a second opinion, simply don’t know the answer, or it’s outside of your business remit, you can contact our dedicated Employment Law, Health & Safety and Commercial Legal Advice lines. Because we have partnered with Croner Taxwise you’ll receive access to the UK’s leading… Continue reading Help When You Need It

Torr Waterfield Karting Cup 2019

This year was the 6th year of Torr Waterfield raising money through our annual Karting Cup event where 12 teams compete in a two hour endurance race at Sutton Circuit in Broughton Astley. On Wednesday 8 May we raised £1,200 for our charity of the year, the Bodie Hodges Foundation. https://torrwaterfield.wordpress.com/2019/05/02/torr-waterfield-charity-of-the-year-bodie-hodges-foundation/ The track was wet as… Continue reading Torr Waterfield Karting Cup 2019

Numbers

You may have missed that 2018 saw the first National Numeracy Day in the UK. No need to miss out again as it takes place again this year on May 15. Click Here https://www.numeracyday.com/ Many of our clients will profess to not being paper-work people.  Not a problem as it is part of what we… Continue reading Numbers

Stamp Duty Land Tax

If you are thinking of buying a house, Stamp Duty Land Tax (SDLT) could be one of the major costs that you need to consider. However it is not always payable on all properties or for all buyers.  For example, did you know that there are different rules if you are buying your first home… Continue reading Stamp Duty Land Tax