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VAT Changes To The Construction Industry – Are You Ready?
From the 1st October 2019 HMRC planned a drastic change to the way that VAT registered businesses in the construction industry deal with VAT. With the likes of Brexit taking precedent the date that these changes will be implemented has now been delayed until 1 October 2020, giving everyone more time to prepare. What Are…
Our Guide to Corporation Tax Rates
If you have a Limited Company it is essential to have a basic understanding of the tax the business will pay so you can be prepared for that inevitable tax bill. At present the Corporation Tax rate for a Limited Company is 19% of the businesses taxable profits, which at the date of this article…
The Cost of Employing Staff
Taking on employees can be essential for a business to grow and increase its capacity. However, before taking on employees does your business make enough money to pay its wage bill each month? When looking to take on employees you need to consider the true cost of employing them. You may look at the salary…
Starting a New Business But Have Bad Credit?
We recently assisted a client incorporating a Limited Company, but unfortunately the client had bad credit. Although a Limited Company is a separate legal entity from its directors and shareholders, bad credit can cause significant issues when setting a company up. Bank Account The first issue the client faced was opening a bank account. No…
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