The last couple of years have got busier and busier for us. Lots of new enquiries, lots of new clients and lots of one-off Xero training but with MTD looming I decided at the beginning of this year we would not take on any new clients for a few months. As lovely as it is …
VAT records must be kept for six years although HMRC are only allowed to adjust returns going back four years plus the current period. However if you have purchased land or buildings you may need to keep relevant documents for 20 years. But what VAT records do you need to keep? …
All businesses need to keep an annual record of their income and their business expenses in order to report them to HMRC through a tax return if they are a sole trader, through partnership accounts if their business is a partnership or through statutory accounts if they are a limited company. So it is important that businesses keep regular and accurate records …
On 4 October 2018 the government issued a press release which stated that new measures were in place to end the problem of late payments to small businesses. It stated that nearly a quarter of small businesses suffer from late payments which threaten their survival. …
The summer holidays are in full swing and you may be wondering whether you should pay your staff while they are on holiday. All employees and workers are entitled to paid holiday which begins to accrue …
