Brexit – Imports from EU Countries
Who will be affected? All businesses that import goods into the UK from 1 January 2021 onwards. New rules for importing goods EORI Number -Â Economic Originator...
Online Conferences/Events and VAT
Due to the current circumstances with COVID-19, many events and conferences have moved online. The VAT treatment of these events may be different from the treatment of a...
Lewis Brownlee have been Xero Partners for 10 years!
Here is a question for you... What have David Cameron becoming Prime Minister of the United Kingdom, Kate Middleton becoming engaged to Prince William and Lewis Brownlee...
The benefits of monitoring Cashflow
What is Cashflow? Essentially cashflow is the money that moves into and out of a business. Monitoring a company's cashflow plans for the forecasted and known upcoming costs...
Companies house are no longer sending paper reminders
Companies House have recently announced that they will no longer be sending paper reminder letters. They have stated that the cost of printing these letters was £1.2million...
What are Management Accounts?
What are Management Accounts? The production of your annual accounts looks back in time to establish how the business performed throughout the last financial year, what...
Why have a Virtual Financial Controller and how does it work?
Why do companies choose the ‘VFC’ service instead of employing someone in-house? Traditionally businesses employ in-house financial controllers to provide financial support,...
Brexit and the impact on auditing rules
In the lead up to, and following, the UK’s exit from the EU, the Government released several statutory instruments which impacted the auditing rules. The Statutory Auditors...
Falling AIA (Annual Investment Allowance) from 1 January 2021
Annual Investment Allowances (AIA) up to 31 December 2020 are available in respect of qualifying capital expenditure up to a £1,000,000 limit, but from 1 January 2021 this...
To lease or buy your new agricultural and horticultural equipment?
It is hard enough for you to run your business, without having to know the rules for tax and accounts for HP, leasing and buying equipment. Our team understands that every...
Changes coming for sales made to EU member countries
EC SALES LISTS From 1 January 2021 sales of services made to EU VAT registered businesses will no longer be reported on an EC Sales List. Any sales made to EU VAT registered...
The Job Support Scheme – Starting from 1 November
The Government's new Job Support Scheme (JSS) comes in to effect from 1 November 2020 and will run for 6 months until 30 April 2021. It has been adapted to provide different...