Blog – Sutton Coldfield Accountancy

Change of Tax Year End

Written by Tony Shackleford on June 11, 2021.

The UK has the rather odd tax year end of the 5th April. The reason for this is principally due to the replacement of the Julian calendar by the Gregorian calendar in 1752. The change over would have...

tax year end

Electric Company Cars Update

Written by Tony Shackleford on May 17, 2021.

For many years, due to the significant tax charges imposed, it has generally not been worthwhile for employees to have company cars. The tax regime for company vans is however much more favourable. ...

Benefits in kind, Capital allowances on electric cars, company car tax, Electric cars

VAT on Dog Food – Why I Need an Accountant.

Written by Tony Shackleford on May 10, 2021.

Unlike solicitors or doctors, anyone can call themselves an accountant. Currently a significant number of accountants providing advice to taxpayers have no qualifications and are not regulated. Unlike...

do I need a tax adviser, Do i need an Accountant, unregulated accountant, VAT on dog food

IR35 Rules When Working For An Overseas Client

Written by Tony Shackleford on May 5, 2021.

HMRC recently clarified the IR35 rules as the relate to companies whose client is a wholly overseas business. A wholly overseas business is one which has no UK connection immediate prior to the start...

IR35, Overseas clients IR35

Self Employed Income Support Scheme (SEISS) – 4th Grant

Written by Tony Shackleford on April 22, 2021.

The system for applying for the 4th SEISS grant opens from 22 April 2021 to 29 April 2021. All grant applicants should be able to use the HMRC system by 29 April 2021. To be eligible for the grant,...

covid, SEISS, SEISS 4, Self employed income support scheme

Recovery Loan Scheme

Written by Tony Shackleford on April 12, 2021.

The Recovery Loan Scheme (RLS) is a new government supported loan scheme. It is designed to provide businesses with finance so they can recover from the impact of the pandemic. The scheme commenced...

Bank Loans, covid, Recovery Loan Scheme

National Living Wage / National Minimum Wage Increases

Written by Tony Shackleford on April 6, 2021.

From April 2021 the National Living Wage / National Minimum Wage will change as follows: Employees aged 23 or over – new rate is £8.91 per hour (previously £8.72 per hour). Employees 21-22 –...

Minimum wage, National living wage, National Minimum Wage

Grants

Written by Tony Shackleford on April 6, 2021.

Detailed below are grants which have been made available recently: Lichfield District Council is offering grants of up to £3,000 to individuals who have been made redundant, or who are our of work and...

grants

Postponed VAT Accounting

Written by Tony Shackleford on April 6, 2021.

As a consequence of the UK’s exit from the EU at the start of January 2021, the government introduced a new mechanism for dealing with VAT on the importation of goods into the UK. Under the previous...

Brexit, postponed VAT, Vat

VAT Registration

Written by Tony Shackleford on March 29, 2021.

HMRC have announced that they are going to undertake a campaign to target businesses which have sales in excess of the VAT threshold, but which are not registered for VAT. The current VAT registration...

VAT registration

Call us on 0121 448 7466 for a free meeting

Change of Tax Year End

Electric Company Cars Update

VAT on Dog Food – Why I Need an Accountant.

IR35 Rules When Working For An Overseas Client

Self Employed Income Support Scheme (SEISS) – 4th Grant

Recovery Loan Scheme

National Living Wage / National Minimum Wage Increases

Grants

Postponed VAT Accounting

VAT Registration

Call us on 0121 448 7466 for a free meeting

Shacklefords

Chartered Accountants and Business Advisers