The draft Finance Bill clauses issued for consultation on 11 July included legislation to extend the “off-payroll” working rules to the private sector from 6 April 2020. These changes will have significant implications for workers providing their services through personal service companies and also the end user organisations that engage such workers. End users will…
Category Archives: Blog
If you work in the Construction Industry under ‘CIS’ and are VAT registered under the new ‘domestic reverse charge for VAT’, then this event is for you. As you may have heard, HMRC are introducing the Reverse Charge for Constructions Services from 1 October 2019. This is the HMRC approach to counteracting fraudulent VAT reclaims….
25
Jul
Jul
Under new rules due to come in on 1 October 2019 builders, sub- contractors and other trades associated with the construction industry will have start using a new method of accounting for VAT. Under the new rules, supplies of standard or reduced-rated building services between VAT-registered businesses in the supply chain will not be invoiced…
Individuals who have started drawing income from money purchase pensions (defined contribution pensions) may be faced with the Money Purchase Annual Allowance (MPAA). Introduced from 6 April 2017, the MPAA restricts the amount that you can save in your pension and receive tax relief. In the tax year 2019-20, if you start to take money…
Today we want to recognise the accomplishments of one of our own: Daniel Wilde. Daniel started with us in our Carlisle Office back in 2017. Since joining us, Daniel has been hard at work studying for his qualifications. And on the 11th of May, 2019, he got his just rewards for all his graft and…
17
Jul
Jul
Your organisation may have an annual Christmas party for staff, but the tax rules also allow staff parties at other times of the year which are a tax-free benefit if certain conditions are satisfied. The exemption applies to an annual party (for example, a Christmas party), or similar annual function (for example, a summer barbecue),…
Have you a unique business idea but are just not sure where to begin turning your idea into a business? Budding entrepreneurs are often left to fend for themselves when setting up a new business, and the small business sector is one that is rapidly growing even on a daily basis. That’s why we’ve put…
Have you a unique business idea but are just not sure where to begin turning your idea into a business? Budding entrepreneurs are often left to fend for themselves when setting up a new business, and the small business sector is one that is rapidly growing even on a daily basis. That’s why we’ve put…
11
Jul
Jul
Starting your own business is an exciting time for any business owner or entrepreneur. But before you dive headfirst into establishing your fledgling company it’s important to do some planning to make sure your new venture is built on the most solid of foundations – and that means asking yourself some critical questions about your…
11
Jul
Jul
Starting your own business is an exciting time for any business owner or entrepreneur. But before you dive headfirst into establishing your fledgling company it’s important to do some planning to make sure your new venture is built on the most solid of foundations – and that means asking yourself some critical questions about your…
