Landlords! When does the cash basis apply?
Read this blog post to find out more information on when cash basis applies.
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Stress Testing and Scenario Analysis
The global pandemic has ensured we will never forget 2020! Of particular importance to business is to revisit your strategic plan.
COVID-19 Relief for landlords?
The government has launched various different support measures across different sectors to help fight the pandemic financially to those who need it most. It is our view that more can still be done but that is a separate conversation.
Tax Tips before the end of the tax year
The current tax year, 2019/20 is coming to an end on 5th April 2020. You’d be forgiven for being distracted during the current pandemic but it is important to ensure sight is not lost on important tax reliefs which can’t be carried forward.
Reclaiming VAT on entertainment of foreign customers
Businesses can reclaim VAT on costs incurred for their business provided they will be used in making VATable supplies (i.e. sales that include VAT).
Cash is King
You have probably heard the phrase ‘Cash is King’. In business, this is true. Despite this, cash flow is an area of business where many struggle to manage effectively causing business-owners to spend many hours chasing – all unbillable time.
VAT Avoidance & Business Splitting
It is common for many businesses to wish to avoid the requirement to be VAT registered. As the law currently stands a business making taxable supplies must register for VAT if sales exceed £85,000 over a 12 month period.
Reducing Payments on Account
The first instalment of your self-assessment tax bill for the 18/19 tax year is due on 31 January 2020.