What do I need to know about the construction industry VAT reverse charge?

As of the 1st March 2021 the domestic VAT reverse charge must be implemented for the majority of supplies to building and construction services. HMRC have introduced this initiative to combat tax fraud. This was originally supposed to be introduced in October of this year, but due to the COVID-19 pandemic the government pushed this back. Businesses will need to … Read More

Beware HMRC fraud! Our insiders account…

Fraudsters are becoming more imaginative in their ways of scamming people out of their money. It’s unfortunate to say that there are so many scams doing the rounds, and HMRC are aware that their name is being used to convince people to hand over their money. According to UKfinance.org in 2019 criminals managed to steal over £1.2 billion through fraud … Read More

What’s New (and what’s disappearing!) in v27 of Sage 50 Cloud Accounts?

It’s out with the old and in with the new for v27 of Sage 50 Cloud Accounts. After listening to their customers’ requirements Sage have made some exciting changes to Access Rights and a new improved Sage ID service will be introduced from March 2021. As well as implementing new features they have removed features which were reported to be … Read More

Why has Making Tax Digital (MTD) been introduced and what are the benefits?

HMRC are aiming to become one of the most digitally advanced tax administrators in the world. They have made significant changes to the way our tax system works to make it more efficient, effective and less complex in order to achieve this. The HMRC carried out live pilot testing in order to prepare for MTD. They invited some businesses to … Read More

How to choose the right bookkeeper for your business

A bookkeeper offers a vital service for your business. They save you time and money, giving you the freedom to concentrate on your area of expertise! But how do you choose a bookkeeper? There are many things to consider when taking on a bookkeeper; Attention to detail and problem solving The most important part of a bookkeepers job is attention … Read More