When we take on a new client who is setting up a business there is often a frustrating delay while they have to go to a traditional bank to set up a bank account. This process can take weeks. Sutherland Black are pleased to announce a new partnership with Tide, one of a new breed […]
New Partnership With Tide Bank Read More »
The Autumn Budget of 2017 announced that there would be a change to the VAT regime for Contractor Labour starting in October 2019. Similar to the existing CIS scheme this will mean that VAT charged on labour will be paid over by the recipient of the labour service rather than the supplier. This means yet
New VAT Reverse Charge for Construction Industry Labour Read More »
A change in coming in April 2020 that will affect landlords and second home owners when they come to sell up. In the past a Capital Gain on the sale of a second property could be reported in a self assessment return. This meant that if a gain was made on the 6th of April
Accelerated Capital Gains Tax on Property Sales from 2020 Read More »
Sutherland Black have just become a Xero Silver Partner! This recognises our rapid growth in bringing Xero to our clients. Our listing on the Xero website has been updated with our new status: https://www.xero.com/uk/advisors/accountant/2012/sutherland-black-chartered-accountants/ The advantages of Cloud Book Keeping software are clear to see for our clients. Automatic bank feeds reduce errors and thanks
Xero Silver Partners Read More »
An Accounting Revolution While everyone was celebrating the New Year in January a new piece of seemingly obscure banking legislation came into place in the UK which has the power to revolutionise the way that small businesses integrate technology with their banks. Previously if a third party application like a piece of book keeping software
Its nearing the end of the Tax Year! Here are our top tips on year end planning and how to Save Tax. Director’s salary levels: Many small business owners pay themselves a small salary and take the rest of their income in dividends in order to be tax efficient. These salary levels should be reviewed
Save Tax! Year End Tips Read More »
We always recommend that Directors of Limited Companies do a self assessment return every year and ensure that our clients do so. If you go here: https://www.gov.uk/check-if-you-need-a-tax-return and tick the box that you are a Director HMRC will tell you that you need to do so. However occasionally we take on a Company Client where the
Self Assessment Returns For Directors Read More »
Here are the highlights from a fairly content free budget. The main budget is moving to the Autumn from this year. TAX FREE DIVIDEND ALLOWANCE TO BE REDUCED TO £2,000 The Chancellor also announced measures to limit the rise in tax-driven incorporation. The £5,000 tax free dividend allowance introduced by George Osborne will be
As noted before in summary a change to the Flat Rate VAT scheme was announced in the Autumn Statement. This change comes in to effect on the 1st of April 2017. This change is intended to target businesses on the Flat Rate Scheme who would only be reclaiming a minimal amount of VAT if they were calculating
VAT Flat Rate Scheme – Limited Cost Traders Read More »
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