Latest News

Making the most out of Making tax digital requirements

Andrew Robinson explores the benefits for farming businesses embarking on the digital transition and explains how to get the most out of your existing system.

Pre-year end planning for farmers

Tax Director, Keith Johnston outlines the key considerations to end of year tax planning for farmers

What a game!

Farming Accountant, Jonathon Yorke dishes up a tasty Mild Pheasant Korma recipe for you to try!

Will your farm business be ready for making tax digital transition

Andrew Robinson encourages farmers to prepare their farm businesses for Making Tax Digital and highlights the time and money-saving benefits in the long-run.    

Xero User News - Check and Update your Xero Connection to HMRC VAT

Under Making Tax Digital (MTD) businesses need to grant permission for their accounts software providers to access their HMRC data and this permission must be updated every 18 months.

Xero User News - Changes to the Construction Industry Scheme – Domestic reverse VAT charge

After being postponed twice, 1st March 2021 finally sees the introduction of the domestic reverse charge on building and construction services. 

The VAT domestic reverse charge for construction services (CIS)

From 1 March 2021, there will be a significant change to how suppliers in the construction industry supply chain account for VAT. The changes will apply to businesses making or receiving specified services that are reported under the Construction Industry Scheme (CIS).

Recharging Expenses subject to VAT

Stephen Ferrie, VAT Consultant discusses the conditions around recharging your expenses, subject to VAT,

Off-payroll Working Rules (IR35) FAQs

The off-payroll working rules are designed to ensure individuals working like employees but through their own limited company pay the same Income Tax and National Insurance contributions as individuals who are directly employed.

IR35 legislation overview

Who is impacted by the legislation?

IR35 legislation is expected to impact around 170,000 individuals who work through their own personal service company (PSC), who according to the Government would be deemed employed if engaged directly. However, it isn’t just those individuals who will be impacted, with the legislation also reaching to the following entities: