The A-Z of Accounting
Accounting has a lot of phrases that we accountants use regularly but may just sound like jargon to you. So, we’ve chosen 26 words or phrases that we use and explain them in laymen’s terms. A = Asset. An asset is something owned by a company that has future economic...
Tax affairs! Are yours in order?
Keeping your tax affairs in order is essential. It may sound obvious and it may sometimes feel a little painful having to pay the taxman, but not doing so can lead to you facing consequences beyond any penalties you may incur. For example, last week the director of a...
Do you know about new VAT rules for the construction industry?
On the back of Making Tax Digital (MTD) comes exciting news! If you are in the construction industry you may have to deal with the domestic reverse charge arrangement from the 1 October 2019. If you’ve never heard of MTD either you have been on another planet or your...