Certain traders can be made liable for the unpaid VAT of another VAT-registered business when you buy or sell specified goods. HMRC have recently updated VAT notice 726 which advises traders to carry out due diligence into their supply chain.
Remember: there may be tax to pay on your dividends on 31 January 2019
The rules for taxing dividends changed radically from 6 April 2016, with the removal of the 10% notional tax credit and the introduction of new rates of tax on dividends.
New VAT rules for Building Trade in 2019
Under new rules due to come in on 1 October 2019, builders, sub-contractors and other trades associated with the construction industry will have to start using a new method of accounting for VAT.
CREATE A MORE COST EFFECTIVE (AND PROFITABLE) BUSINESS
Competition in business is more intense than ever before, with tough economic conditions in most sectors and rival firms battling for market share. There are also new threats from online providers, new business models and global competitors. As a result, increasing profit levels is challenging. If you can’t increase your sales, consider how to reduce […]
KEY ACCOUNT MANAGEMENT
Anyone in business will tell you that it is easier and cheaper to sell more products and services to an existing customer than it is to go out and find a new customer. Key Account Management or “KAM” is all about focusing on your key existing customers
Implementing Value Pricing
Many businesses are stuck in the outmoded approach of time based billing, undercharging and setting fees based on what the competition is charging; a situation where the customer and the market is driving your rates and not you. Value based pricing advocates that the customer is the ultimate arbiter of value.
