Which Taxes are relevant for MTD? Making Tax Digital for Business is a Government initiative also known as MTD. This is a legal requirement implemented and monitored by HMRC – Her Majesty’s Revenue and Customs. Now that we know the meaning of understanding Making Tax Digital in Part 1, this is Part 2 of the […]
23
Sep
Sep
Understanding ‘Making Tax Digital’ Making Tax Digital for Business is a Government initiative also known as MTD. This is a legal requirement implemented and monitored by HMRC – Her Majesty’s Revenue and Customs. Key compliance Keep records digital Submit the return at least every 3 months Final submission 10 months after year-end or 31 January […]
23
Sep
Sep
If you are running or managing businesses within hospitality sector, this is very important information affecting your business from 01 October 2021. Hotels, restaurants and bars Catering Lodging Food and drink service Event planning Theme parks Travel and tourism In July 2020, during the Covid-19 pandemic period, the Government reduced the Standard VAT rate from […]
19
Aug
Aug
Accounting Excellence is a national recognition in Britain for Accountants and we are delighted to share that Sterling Finance (UK) Ltd is shortlisted for the 2021 “Hero award: Accounting firm” by Accounting Excellence. This is our third successive year as a finalist for a prestigious national award. With profound gratitude, we accept this recognition. Our […]
03
Aug
Aug
We are delighted to welcome clients of YD Associates into the family of Sterling Finance (UK) Limited. Our mission is to provide clients with superior personalised tax, accounting and consulting services by implementing practical solutions for our clients’ diverse needs. Our growth is dependent upon supporting clients’ financial fuel to drive their ideas, inspirations, and […]
25
Jun
Jun
The Government has started the new funding scheme called the “Recovery Loan Scheme” (RLS) for those businesses to recover and grow. Here is what you need to remember: This is financial support by Government for businesses who are genuinely affected by Covid-19. This loan is available for managing cash flow, investment and growth. You need […]
17
Mar
Mar
For all Budget Tax Rates 2019 to 2022, click here.
17
Mar
Mar
BUSINESS RATES IN ENGLAND AND WALES How your rates are calculated Business rates are payable on most non-domestic properties, including buildings part-used for non-domestic activity. A property’s rateable value (RV) is based on a Valuation Office Agency (VOA) valuation using open market rental values as of 1 April 2015, which is then multiplied by a […]
11
Mar
Mar
Budget 2021 speach has been delivered on the first of March by Chancellor Rishi Sunak. Click on the link below to read the whole speach. Budget 2021 speach
03
Mar
Mar
Are you sure you are not affected by IR 35 Legislation? 01 April 2021 IR35 is much ignored and confused legislation and will impact many businesses on 01 April 2021. Those businesses that provide services to a client through intermediaries must understand this. Even if you provide services directly to the client, this may impact […]