Xero has added two significant updates to it’s cloud accounting software which will certainly assist businesses determine their financial position at a glance and understand their short term cash flow. Both updates are currently in pilot however are available to UK Xero subscribers in the Business menu of the cloud accounting software. The two new …
Government support and guidance is continually being adjusted to reflect the seriousness of the health and economic impact. We will digest this information, cut through the noise and summarise the information for the self-employed and business owners.
Our December Newsletter includes information about the upcoming temporary rise in Annual Investment Allowance, a reduction in Business Rates for small retail businesses, the IR35 reforms set to cost contractors more in tax and the national insurance rise for higher rate earners.
When and how to begin the process of deregistration.
These days VAT thresholds are the subject of much speculation, with the Government concerned that many business owners deliberately choose to stay below the VAT-registration threshold.
Limiting your ambition in this way might seem counter-intuitive – surely you want your business to get as big as possible?
But it can make sense if you are seeking to make a sustainable living rather than get rich, perhaps by trading on online auction sites, or running a café with limited opening hours.
If your business’s turnover is predicted to fall below £83,000 over the next year, it can voluntarily deregister for VAT.
Our November newsletter brings information on the success of small businesses looking for finance, the lack of preparedness by SME’s for a no -deal Brexit, the apprenticeship levy reforms and a roundup from the Budget.
The Chartered Institute of Taxation
The Association of Taxation Technicians
