All you need to know about the financial reporting obligations for your organisation.
We live in an ever changing world, and never is that more the case than when you are in business. So what challenges do we see as being faced by small businesses over the coming months? There are plenty to choose from, but I will focus on just two.
HMRC recently raised a VAT enquiry into our client who operates a takeaway. The HMRC taskforce who deal with takeaways purchased a variety of dishes from our client’s premises. I disagreed with their application of the tests contained within VAT notice 709/1 which covers the VAT treatment for all those who prepare and supply food and drink ready for consumption in particular the tests at Paragraph 4.2 (See below)
In recent weeks and months the media has been full of reports discussing the significant increases or falls in value of Bitcoin and other cryptocurrencies.
There are many joys in being a trustee of a charity, including that sense of wellbeing which is present when realising that the time and effort along with the responsibilities of the position mean that the charity which one is supporting can achieve its objects. That is why we take on the role of trustee and why we are prepared to allocate time and expertise to the voluntary role. Knowing that the charitable purpose is being achieved in part down to our input is often all the thanks we require.
We are often asked to consider what the best trading structure for a business might be, and with that the tax benefits of trading through a limited company can be a major influencing factor.
Our agricultural consultancy team has been further strengthened by the arrival of Angela Blackman.
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