20/05/2021VAT
If your business charges additional VAT from customers on your goods against the VAT it pays to buy things, the difference must be paid to HMRC. Contrarily, if your business is paying more VAT than it takes from its customers, you can reclaim the difference from HMRC. But, the Flat Rate VAT Scheme works differently, …
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12/05/2021VAT
Value-added tax (VAT) is levied on goods and services in the UK. It is a type of consumption tax, as it is levied on the items and services that people use in their daily lives. It is an indirect tax that government collects by businesses. In this blog, we’re going to discuss the UK value …
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30/04/2021Limited Company , VAT
New rules have been introduced from 6 April 2020 for buying a car through a limited company. If you buy a car through a limited company, you need to pay personal tax on it and your company will pay national insurance. This is done because HMRC believes that you’re using the car for your private use …
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09/04/2021VAT
It’s something normal to see VAT (value-added tax) with your daily used items. But do you know the importance of VAT to small businesses? Do you need to charge it? You might be wondering – should I register for VAT or not? We have the answer for all in this short blog. Find the best …
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11/02/2021Tax Saving Tips , VAT
When entrepreneurs think of their business, they think of grand strategies and bold ideas. Nobody ever thinks of tax compliance as an avenue to success, but it is essential for the survival and longevity of every enterprise. After all, if you fail to pay your taxes, you could get shut down. However, there is such …
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22/01/2021Tax Issues , VAT
With the end of 2020 period in Brexit that ends on 31 December 2020. Apparently, there will be a lot of changes in how VAT treatment is done for international goods and services. The entire process of VAT will become cumbersome and manual as all the applications are paper-based. These will be sent to individual …
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13/01/2021Accountants , Accounting Issues , Making Tax Digital , VAT
If you are running a business, then you have to keep track of the taxes that you pay to HMRC. VAT is an indirect tax that is collected by HMRC because it is charged by the businesses for the HMRC. There are different VAT schemes to report VAT with HMRC. In the UK, VAT is …
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06/01/2021Accountants , Accountants for Contractors , Accounting Issues , Tax Issues , VAT
As an accountant, we have to do a lot of problem-solving each day. Let’s take a look at the top ten VAT problems, and identify solutions for each one of these too. Businesses want to end up paying as little as possible, and getting your VAT right is one way to make sure you’re not …
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You will observe some changes after December 31st. Britain leaving the EU will bring some big-time changes. One of the biggest changes you may observe is the VAT changes which the government is adjusting by introducing a postponed vat accounting scheme. What is postponed VAT accounting? After the Brexit, the goods coming from the …
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23/12/2020Accounting Issues , Covid -19 , Tax Issues , Tax Saving Tips , VAT
Here’s some good news to look up to for business owners: there will be no late filing penalties if you missed out on your tax return deadlines this year. But that doesn’t necessarily mean that HMRC encourages you to pay late. HMRC, in fact, made sure to not extend tax return deadlines so that maximum …
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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!!
