This article is for anyone who is working within construction that needs to know about the changes that are being made that are happening on the 1st of October 2019, significant changes are going to be introduced to the VAT treatment of supplies in the construction industry, The Domestic Reverse Charge (DRC), a piece of legislation announced in the 2017 budget, is being implemented on this date by HMRC.
As your business starts to expand it is worth looking into outsourcing jobs and roles which take up a lot of time, so that you are free to focus on the important day-to-day running of your company. One of the first companies a business might look into engaging is a qualified accountant, this article delved into how an accountant could help your business.
April is nearly upon us, so that can only mean one thing - tax returns! As a taxpayer getting your tax affairs in order is an arduous and frustrating task. However it is a task where there the reward achieved in tax savings can easily exceed the heartache expended in its completion. In this article we take a look at some easy wins for the coming year end.
Employee Benefit Trusts until recently have been a popular method to avoid tax on personal income. This particular technique has now been effectively made redundant by the introduction of a "loan charge" on these type of payments. This is bad enough for the people who used it, but what is worse is that this charge is going to retrospectively apply back until 1999, potentially landing them with an enormous and unaffordable tax bill. In this article we examine this topic in greater detail and explore what your options are if you are affected.