Flexible working - and striving towards a healthy work-life balance - was a trend that existed before the Covid-19 pandemic. However, when the first lockdown was enforced in March 2020, the adoption of remote working was accelerated massively as organisations fought...
VAT deferral – how to manage your payments
Firms across the UK must now begin to pay back their deferred VAT payments. Here’s everything you need to know about the process.
What is the CIS Reverse Charge scheme?
From the 1st March 2021, the CIS VAT Reverse Charge came into play for all VAT-registered construction workers and firms. The implementation of the charge comes following delays due to the ongoing pandemic and Brexit, but it is finally here. The charge will affect all...
Reclaiming VAT on mileage – are you missing out?
Relative Accountancy co-founder Richard Simpson says thousands of businesses across the UK could be missing out on significant sums by not reclaiming VAT on mileage. Can I reclaim VAT on mileage? Most people don’t realise that there is an element of VAT on...
How can the super-deduction benefit my business?
From 1 April 2021 until 31 March 2023, companies investing in qualifying new plant and machinery assets will be able to claim the super-deduction. What is the super-deduction? The super-deduction is a 130% first-year capital allowance for qualifying plant and...
Car tax and the questions you ought to be asking your accountant
It’s fair to say that people tend to have a well-established way of dealing with company cars. As a rule of thumb, if you own a limited company then the advice has usually been that it’s a bad idea to have one. Company cars are taxed on the list price when they were...
HMRC updates guidance for self-employment support scheme
HMRC has updated its guidance around the circumstances affecting eligibility for the self-employment income support scheme. Those who are self-employed or operate in a partnership may be eligible for support, as the Government continues its efforts to support business...
How to strike off a limited company online (eDS01)
To strike off a limited company you are required to send form DS01 to Companies House. You can now do this with a simple online process that should only take around 10 minutes to complete. It costs £8 (instead of £10 by paper) to close a company and you'll need: the...
Huddersfield Accountants, Relative Accountancy welcomed to nationwide platform Handpicked Accountants.
Relative Accountancy has been added as the latest accountancy firm in the Huddersfield, Yorkshire area on the Handpicked Accountants platform. The network narrows down the best performing accountants in regions across the country based on their dedication to the...
Changes to minimum wages rates in April 2020
If you have employees then its essential that you keep up to date with the changes to the National Minimum Wage and the National Living Wage as changes are made in most years. National Living Wage —————————— The National Living Wage will increase by 6.2% from £8.21 up...
