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inflation and tax changes for businesses
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Important inflation and tax changes that may impact your business

Inflation, tax rises – and the family budget Apart from the human cost, covid has cost us all a great deal. In the first year of the pandemic, from April 2020 to 2021, the government borrowed £299bn, the highest figure since records began in 1946. Another £200bn will be needed this year, and as taxpayers,

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new milton keynes accounting office
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Treetops is Branching Out

New Milton Keynes office branch We are pleased to announce the opening of our new Treetops branch in Milton Keynes. One of the largest towns in the Southeast of England, Milton Keynes is a great place to call home and a fantastic area to do business. In fact, this bustling town is a mecca for

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budget announcement october 2021
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Budget Announcement October 2021

To recap the October 2021 Budget Announcement The two big tax changes funding Covid recovery were already known, the Health and Social Care Levy and the Corporation Tax changes coming in from April 2023. Health and Social Care Levy A 1.25% rise in Employer’s and Employee’s National Insurance (NI), Class 4 Self Employed NI and

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sole trader or limited company which is best
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Sole Trader or Limited Company – Which one is best for you?

Choosing to register your business as either a sole trader or limited company has various advantages and disadvantages associated with both. For example, you may decide that being a limited company has more of a safety net attached to it, but there are more responsibilities when compared to just being a sole trader. It can

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Deadline Approaching for Annual Tax on Enveloped Dwellings (ATED)
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Deadline Approaching for Annual Tax on Enveloped Dwellings (ATED)

What is Annual Tax on Enveloped Dwellings (ATED)? ATED is an annual return that must be completed by companies that own a UK residential property with a value in excess of the ATED threshold.  From 1 April 2016, UK residential properties which were worth more than £0.5million as at 1 April 2012 have been in

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spring 2021 budget update
Blog

Spring 2021 – Budget Update

Important Tax Changes from April 2021 The main economic thrust of the budget on 3 March 2021 was Covid measures and how economic policy could support the UK recovery and there were not a lot of changes announced which will impact on you directly. However, there are many measures that were announced in previous budgets

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Construction Services VAT Reverse Charge for Sub-contractors
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Construction Services VAT Reverse Charge for Sub-contractors

I’m a sub-contractor. What does the VAT reverse charge for construction services mean for my business? Invoicing  Firstly, you will need to consider who you are supplying, so whether the domestic reverse charge applies e.g. whether they are VAT registered, CIS registered, end user (see flowchart). If you are supplying an end user that is

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VAT reverse charge for construction services for contractors
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Construction Services VAT Reverse Charge for Contractors

I’m a contractor. What does the VAT reverse charge for construction services mean for my business? Receiving an invoice from your supplier  For supplies that fall within the VAT domestic reverse charge rules you should receive an invoice from any VAT registered subcontractor with no VAT, but with a statement that reverse charge rules apply.

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