News – Accountancy & Book-Keeping Business Support Ltd.

Prepare for changes to the off-payroll working rules (IR35)

IR35 was originally introduced by Gordon Brown in April 2000, also referred to as “Off Payroll Working”. It was introduced to reduce tax avoidance surrounding disguised employees. From April 2020 the rules for engaging individuals through personal service companies are changing. The responsibility for determining whether the off-payroll working rules (known as IR35) will move to the organisation receiving an individual’s services. This advice will help your organisation prepare before the changes come in. How to prepare Look at your...

Is outsourcing your book-keeping the best option for your business?

In the last few years the rise of the online community has dramatically changed the way businesses are run. This is especially so for the day to day book-keeping operations. Nobody wants to take time out to do their own book-keeping, but neglecting this issue has serious repercussions. Outsourcing to an experienced and qualified book-keeper has more benefits than you think. The advantages of having highly skilled support for just the required hours needed by your business speaks for itself....

Making Tax Digital

Making Tax Digital will change the way your business pays its taxes to HMRC. It is a scheme by the UK government to make it easier for businesses and individuals to manage their taxes. The first stage starts on 1st April 2019 and is called Making Tax Digital for VAT. From that date, VAT-registered businesses (those companies with their turnover over the VAT threshold, which is currently £85,000) will be required to digitally submit their tax records to HMRC. They...