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Accountancy for growth

tel: Huddersfield: 01484 685413 Leeds: 0113 357 0380
email: flourish@balanceonline.co.uk

Part Time Receptionist/ Administrator Vacancy

The newly appointed administrator will perform a varied role supporting the growth plans of local accountancy firm Balance Accountants. Your roles and responsibilities Personal assistant to the office manager and director – diary management, arrange and schedule meetings, prepare and organise material and post Ensure smooth running of the general office, including daily responsibilities (e.g. […]

Plant and Machinery Tax Super Deduction

In Rishi Sunak’s Budget Statement on 3 March, he put in place some fiscal tax measures that he hopes will encourage investment and kick-start the economy in readiness for the post-pandemic, post-Brexit era. What is the super deduction? The much-vaunted super deduction allows companies to claim a 130% first year allowance (FYA) for investment incurred on […]

VAT deferral-time to take action-don’t delay

If you deferred VAT payments due between 20‌‌ ‌March and 30‌‌ ‌June 2020 and still have payments to make, you should pay by 31‌‌ ‌March 2021 if you can. If you cannot afford to pay by 31‌‌ ‌March this year, you can now use the online VAT deferral new payment scheme to spread your payment. […]

VAT changes for small businesses coming in April

Under UK VAT rules, businesses with a VATable turnover above the VAT threshold (currently £85,000) are required to register with HMRC for VAT. Businesses below this threshold are not required to register with HMRC for VAT. But many choose to do so as this lets them reclaim the VAT paid on most purchases. These are […]

Budget Impact Statement 2021

The Chancellor, Rishi Sunak, presented his 2021 Budget on 3 March 2021. The extent to which the measures will affect you will depend on your personal circumstances. This report is split for your convenience into three sections: Impact on individuals Impact on the self-employed Impact on small company owners Click here to download and read the […]

Deferred VAT

If you deferred VAT between 20 March and 30 June 2020 and still have payments to make, you can: pay the deferred VAT in full on or before 31 March 2021 opt in to the VAT deferral new payment scheme when it launches in 2021 contact HMRC if you need more help to pay Pay […]

VAT Reverse Charge for the Construction Industry

From 1 March 2021 new VAT rules come into force in the construction industry. These rules were originally intended to come in on 1 October 2020 and 1 October 2019 but were delayed by HMRC. The rules, as always, are quite complex but we set out an overview below which should hopefully provide you with […]

Latest COVID-19 Government Support

Chancellor announces one-off top up grants for retail, hospitality and leisure businesses worth up to £9,000 per property to help businesses through to the Spring £594 million discretionary fund also made available to support other impacted businesses comes in addition to £1.1 billion further discretionary grant funding for Local Authorities, Local Restriction Support Grants worth […]

Have you set up your HMRC personal tax account?

Did you know that HMRC launched the personal tax account (PTA) back in 2015 for all UK workers? This service allows you to check your tax affairs online whenever you want without needing to phone or write to HMRC. The main big benefit, though, is that everything regarding your tax affairs will be online in […]

New SEISS grants come with tougher conditions

The SEISS claims portal reopens on Monday 30 November, but taxpayers must declare their trade has been impacted by reduced demand before they claim the third grant. When claiming the first two self-employed income support (SEISS) grants taxpayers had to confirm that their trade had been adversely affected by the coronavirus pandemic, which was a difficult concept […]