Making Tax Digital Part 1

Making Tax Digital report 2021

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 […]

Change of VAT Rate For Hospitality Sector

change of vat rate for hospitality sector oct 2021

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 […]

Posted in VAT

Sterling Finance Shortlisted For The Accounting Excellence 2021 Hero Award

sterling finance finalist for accounting excellence 2021

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 […]

Sterling Finance UK Limited Acquires Local Accountancy Practice

Kamlesh Rajput - Sterling Finance

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 […]

Government Recovery Loan Scheme – RLS

recovery loan scheme

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 […]

UK Non-Domestic Business Rates 2021

non domestic business rates

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 […]

Understanding IR35

understanding IR35

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 […]