Nice recent article in the Guardian suggesting we should all get outdoors regularly. For those that don’t know our back story, Green Accountancy was indeed founded to bring environmental matters to small businesses, which in turn was inspired by outdoor hobbies.
You own your business for a number of reasons. These no doubt include: Providing for your family Being your own boss Making money Having flexibility Building equity To help identify what really matters to you, complete the following questionnaire: On a scale of 1 to 10 (where 10 is very important), how important are the […]
From 1 October 2019 new VAT rules will require certain business to business supplies within the construction industry to have reverse charge VAT applied. This means the supplier will not charge VAT but instead the recipient of the supply will charge themselves VAT. This already happens in many business-to-business supplies of services from the UK […]
Have you incurred VAT in another EU country? Any VAT incurred during the calendar year 2018 can be reclaimed via HMRC by 30 September 2019. Note that older EU VAT cannot now be reclaimed. If Brexit goes ahead any such VAT would have to be reclaimed from the relevant EU country in future. As with […]
The boss of a leading charity has been given a seven-year director disqualification for causing it to collapse by entering into financial contracts that set unachievable targets. The charity provided drug and alcohol rehabilitation services to over 80,000 people across England and Scotland, including a number of prisoners. Between August 2015 and January 2016, the […]
Nowadays, users of the financial statements want to see more on the financial implications of climate-related impacts on companies. In response to this, more and more businesses are including climate-related information in their financial disclosures, but are still failing to provide sufficient clarity for investors. Jon Williams, sustainability & climate change partner at PwC, believes […]
The appelant’s grounds of appeal were that she was unaware that she needed to file a tax return as she thought her boss would be doing this, and she understood from her contract that her employer would be doing her taxes. The First-tier Tribunal (FTT) found that neither the Return Summary printout nor a witness […]
A panel set up to review the future development of charity reporting and accounting has published its final report making a number of recommendations under five key themes. These recommendations are that: The needs of the wider public and beneficiaries require a refocusing of the Statement of Recommended Practice (SORP) and greater simplification of […]
Welcome to a new weekly tips section for growing your business! The ideas each week will ultimately revolve around four basic insights about growing a business. You can: Increase the number of customers Increase the number of times each one does business with you Increase the average value of each transaction Increase your own effectiveness […]
HMRC is utilising its sophisticated AI tools alongside its £80m Connect database when investigating taxpayers. Connect collects data from numerous sources, including offshore taxpayer’s information, under the Common Reporting Standard. HMRC then cross-reference this against tax returns and other sources to flag up individuals and business for investigation.