BUSINESS
How do I work out what my Business KPI’s should be?
Key performance indicators (KPIs) are essential metrics used to evaluate how effectively a business is achieving its objectives. So, for any company, determining the...
Making Tax Digital Update
It has now been officially confirmed that the Making Tax Digital (MTD) Income Tax rollout will now be delayed until at least April 2026. From April 2026 self employed...
Mini Budget 2022
The main headlines in last week’s dramatic mini budget were well reported, which will see the planned 1% cut in the basic rate of income tax brought forward a year to April...
New VAT Penalty Regime coming January 2023
For VAT periods starting on or after 1 January 2023 the default surcharge currently issued for late submissions and/or late payments of VAT will be changing to a point based...
Changes coming in 2022 for VAT
End of COVID VAT Deferred Payments All UK VAT registered businesses had the option of deferring any VAT payments due between 20 March 2020 to 30 June 2020. They could opt in...
Paying Back A Self-Employment Income Support Scheme (SEISS) Grant
There is a new section in the SEISS guidance called ‘If you still need to make a claim’. If you’ve not been able to make a claim due to an HMRC error or other exceptional...
Making Tax Digital and Digital Links for VAT Registered Businesses with a turnover below the VAT Registration Threshold
Making Tax Digital (MTD) was brought in back in April 2019 for VAT registered businesses with a turnover above the VAT registration threshold (currently £85,000). For periods...
Online Conferences/Events and VAT post Brexit
Over the past year and a half many events and conferences have moved online. Even with the easing of restrictions many providers are keeping an online option available. Last...
SEISS 5th Grant Deadline – 30th September 2021
The deadline for claiming the fifth SEISS grant is 30 September, so quickly approaching. Please be aware that you will need to know the turnover of your trade during...
Changes to the 5% reduced rate for the hospitality sector
Back in July 2020 the VAT rate for the hospitality sector was reduced to 5% for – Restaurants Pubs Bars Cafes Hot takeaway food The reduced rate applies to food,...
Xero Health Check!
“Always consult your doctor before starting a new exercise regime”, sound advice because who knows what untold damage you could do to yourself, in the short and long term. So,...
VAT changes from 1 July 2021
From 1 July 2021 new VAT e-commerce rules will come into effect. These rules were originally planned to begin from 1 January 2021 but due to COVID they were postponed for 6...