How to strengthen your balance sheet
Reasons to strengthen your company’s balance sheet Your balance sheet is one of many documents that are filed and made public via Companies House. As such it provides the outside world with a summary of your company’s financial position, including assets and liabilities, at a fixed moment in time. It’s there, generally on display for […]
VAT tips, grant updates and more
VAT, Compensation and Early Termination Fees In 2020, HMRC revised their guidance and ruled that income received from early contract termination, cancellation fees, liquidated damages and compensation would be regarded as consideration for a taxable supply. At the time, HMRC advised that the change would have retrospective effect. Following pressure from affected parties, HMRC announced […]
Budget 2021
Included in our guide to the Spring Budget 2021, you will find a calendar of the tax year with important deadline dates shown. We have outlined the significant points of interest below. However, we would recommend downloading our guide for a more detailed breakdown of the changes and what to expect. Measures to mitigate the impact of […]
