November Budget cancelled
Sajid Javid has cancelled the Budget that was due to be presented to Parliament 6th November. As the UK will not be leaving the...
25 Oct
General
Author Archives: Elver Consultancy
Practice News
Why does E-Commerce Accounting Present a Different Challenge?
E-Commerce accounting is actually unique and has challenges that accounting for other businesses doesn’t have. Here’s why…… VAT and GST You might not be selling...
23 Oct
General
Compensation limits for bank deposits
What happens if your bank becomes insolvent and you stand to lose any funds deposited? The bank deposit guarantee limit is the amount of...
23 Oct
Value Added Tax
Making Tax Digital (MTD)
Since April 2019, VAT registered businesses with a turnover above the VAT threshold need to keep digital records for VAT purposes using the...
23 Oct
Corporate Governance & Regulation
What is a Close Company?
A Close Company is broadly defined as a company that is controlled by: five or fewer participators or any number of participators who are also...
23 Oct
Corporate Governance & Regulation
Tax deducted from payments by companies
Under certain circumstances, companies (including non-resident companies trading from a branch or agency in the UK and local authorities) can have a duty...
23 Oct
Employment Law
Lump sums paid in continuing employment
A lump sum payment can sometimes be made in lieu of all or part of an employee’s salary, wage, commission or other amounts...
23 Oct
Corporation Tax
Tax implications for construction industry
If you run a construction business and secure the services of sub-contractors, or if you are a building sub-contractor, you will need to...
23 Oct
General
What is a reasonable excuse?
There are a number of options if you find yourself in disagreement with a tax decision issued by HMRC. As a first step,...
23 Oct
General
Win while you save
HM Treasury has announced the trial launch of a new PrizeSaver account with participating credit unions. The new account was launched as part...