Making Tax Digital - All data transferred between accounting software must be carried out by a digital link and penalties will apply for non-compliance after April 2021.
Are you looking for support with your payroll and VAT returns? Here are 10 reasons why outsourcing your finance function could be a good option for your business in 2021.
From 1st January 2021, all VAT registered businesses that import goods into the UK from anywhere in the world have been able to use postponed VAT Accounting. This provides the option to account for the VAT charge and recovery on the same VAT return, and even applies if your business was already importing goods into the UK.
In the lead-up to Rishi Sunak’s Spring Budget on 3 March, there was intense speculation as to whether he would announce tax-raising measures to start paying for the cost of the pandemic. While most of the announcements were to assist businesses and individuals still impacted by Covid-19 he set out the following changes to raise revenue in a bid to get the country back on track.
Rishi Sunak, the Chancellor of the Exchequer, unveiled his Spring Budget in the House of Commons last week, with an extension to the furlough scheme and social investment tax relief amongst the biggest announcements affecting charities and voluntary organisations.
Armstrong Watson has strengthened its aim to be the 'go to' accountancy firm for family and owner-managed businesses across the north now that it has acquired another successful, long-standing North East practice.
Hexham-based accountancy firm Patricia J Arnold & Co has found the perfect match in Armstrong Watson as a business that will continue to provide a personalised service for its clients.
With hospitality businesses largely closed until 12 April and restrictions thereafter, the Chancellor has announced a range of support for hospitality businesses that will provide welcome relief and some certainty for the future.