Delay in CIS VAT Reverse Charge Construction Industry  HMRC has finally responded to businesses who have had serious concerns about CIS reverse charge implanting early as 1st October 2019. HMRC has finally announced this is to be delayed by at

What is an Entrepreneurs’ Relief Entrepreneurs often face challenges in managing their well-established business while some others not being satisfied with the profits they are making. Regardless of what the reason may be, entrepreneurs who wish to sell or give

The critics of Brexit have a certain point of view – justified by certain arguments. Though we do not have to necessarily agree with them, their points of argument should be understood. The managing director of the British construction giant

Every company has to bear expenses for running its day to day business. But are we good at managing these expenses? Lets see how we can improve the management of the company’s day to day expenses.   Analyze Your Expenses

CIS VAT Reverse Charge: HMRC extends its new regime to the Construction Industry Scheme (CIS) by introducing VAT reverse charge- a changed way the VAT is collected in the building and Construction industry. The aim is to combat the fraudster

What Are Dividends? Dividends are the part of company’s profits that is distributed by the company among its shareholders after the execution of retained earnings. Limited companies may only pay dividends as they are the only type of business that

Setting up a Limited Company   What is a Limited Company ? Limited Company is a separate legal entity and company owners are only responsible for the invested money in the company. It offers much more flexibility such as appointing

VAT Registration Businesses with over £85,000 annual turnover must register for VAT in UK unless the business is exempt form becoming one. For full list of VAT exempt business please click here. However, if you turnover if less than £85,000

30 Days Capital Gains Tax payment on account: Big news for all who are planning to dispose of their residential property. With 30 days Capital Gains Tax rule selling sooner than later may save you from paying gains tax earlier

Preparation of Financial Statements: What information should be gathered? The annual production of financial statements serves a dual purpose. On the one hand, it is a legal obligation, and on the other hand, these summary documents make it possible to