30/10/2021Business , Limited Company , VAT
A unique VAT (value-added tax) number is assigned to each VAT-registered business. If you’re a VAT-registered company, you’ll need the VAT number of other companies (suppliers) in order to reclaim any VAT you’ve paid. Therefore, this blog will let you know what is a VAT registration number, why it is essential and how can you …
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The VAT FRS ( Flat Rate Scheme) was created to make it easier for companies to account for Value Added Tax and to minimise the service charges of meeting all the VAT laws. It is open for businesses with a turnover not above £150,000 in the following 12 months. To distinguish a business required to …
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26/08/2021Tax Issues , VAT
After 31st December 2020 – the end of the British transition period – there have been few changes in the VAT system of the UK. In this blog, we’ll have a look at how much is VAT in the UK 2021-22, what are VAT changes, and how to calculate what you need to pay. Let’s …
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24/08/2021Personal Tax , Tax Issues , VAT
One of the most important marketing tactics that many businesses use is business entertainment, especially for retaining new clients and customers. Spending cost on business entertainment matters a lot when you want to build a network and attract new clients. So, if you’ve decided to allocate a marketing budget for entertaining clients and customers, you …
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20/08/2021Personal Tax , Tax Issues , VAT
HMRC tax investigation can be a dreadful prospect, especially for the one who has never been through this phase. In the worst-case scenarios, the investigation can take longer duration than normal and its consequences can be stressful. But fortunately, it is rare. The fear of HMRC investigation is natural and understandable. However, this process shouldn’t …
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13/08/2021Personal Tax , Tax Issues , VAT
Find out what is self-assessment, who needs to complete a self-assessment tax return, when to submit one and what are the penalties you need to pay for late payments. Let’s delve into the details. There are over 12.1 million people in the UK that need to fill and submit a self-assessment tax return to HMRC …
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12/08/2021Property , Tax Issues , VAT
If you’re a property developer, you can cut down the cost of VAT by reclaiming VAT on property development. But to do it, you need to be well aware of the applicable VAT rules for your development project. With the different VAT rules for new builds, commercial properties, sale, and lease of the property, it …
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11/08/2021Landlord , Personal Tax , Tax Issues , VAT
Taxes are always unexciting. However, if you want to buy or sell a property in the UK, you need to know the ins and outs of property taxes in the UK. So let’s delve deep into it. Currently, the UK government is focusing more on imposing taxes on residential property. In this instance, certain changes …
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04/08/2021VAT
This is one of the most frequently asked questions that we hear time and time again: what is the process of reclaiming VAT on the fuel? Many of our customers are looking for answers regarding VAT on mileage claims. Though reclaiming VAT on fuel is a burdensome process, as you need proper evidence to prove …
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19/07/2021Sole Trader , VAT
Want to start your own business? Whether you want to be your own boss, pursue your dream job or want to work with the people you like, there’s no other option than to be a sole trader. With a lot of benefits, there are some legal obligations of a sole trader that you must keep …
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Aamara Waqas2023-08-27Caroline Oake2021-11-14James Smith2020-08-11For 15 minutes work Mr Burke started with 150+VAT per hour for two hours to quoting 600+VAT.Maurizio Paolella2019-12-08Reliable professionals - I would certainly recommend.Anna Ruse2019-11-21After meeting Peter Burke at a local Networking group, Cruse & Burke Accountants have been handling my self assessment tax returns, since I started working on a self employed basis over 6 years ago. They are efficient and everything is done quickly and professionally, which is great for me, as I would otherwise not have a clue how to complete them myself. I can definitely recommend their services.Alan Harwood2019-10-22John Agbai2019-06-26Very professional and knowledgeable in all aspects of taxation. A great team to have onside.Simon Piller2019-04-03Susan provides a very efficient payroll service for me.Johanna Cargill2019-01-21Excellent, no complaints. Always willing to help!Rebecca Smith2015-04-20Fantastic customer service, would 100% recommend!!
