Avoid Check mate, what is your DSO?
There has never been a more important time to look after the cash flow within your business. We all know that cash is King. If you forget to protect the King you lose the game. [...]
Third time lucky for the VAT domestic reverse charge?
Having initially been planned to come into force in October 2019 we are fast approaching the first delayed implementation date of October 2020 for the VAT domestic reverse charge for construction. From the initial delay [...]
If it is too good to be true then it probably is…
We all want the best deal possible. We all want the best value, the cheapest price. That is why when as a contractor you see the following advertised: Take a second to [...]
Coronavirus Job Retention Scheme – Flexible Furloughing
Chancellor Rishi Sunak has outlined further details on the extension of the Coronavirus Job Retention Scheme, including improved flexibility to bring furloughed employees back part time in July, and also details on a new taper [...]
Eamonn Holmes loses IR35 tax case despite forty years as freelance broadcaster
Television presenter Eamonn Holmes has been defeated by HMRC at an IR35 tax tribunal. Holmes failed in his appeal against HMRC’s tax assessment concerning engagements between his limited company, ‘Red, White and Green Limited’, and [...]
Changes for UK self-employed workers working in the EU, the EEA or Switzerland after Brexit
In the event the UK leaves the EU without a deal, there may be changes for UK self-employed workers working in the EU, the European Economic Area (EEA) or Switzerland. […]
Disguised Remuneration Loan Charge
The government has announced an independent review of the loan charge. HMRC has published guidance which sets out how the review of the loan charge impacts those affected. You can find more information on GOV.UK. [...]
Getting ready for Brexit
Leaving the EU on 31 October 2019 means there will be immediate changes to the way UK businesses trade with the EU that may impact your business. This includes UK businesses having to apply customs, [...]
Changes to the off-payroll working rules for the private sector
Changes to the off-payroll working rules for the private sector will go ahead from April 2020. The rules based on the changes in the public sector in April 2017, will make engagers, other than those [...]
Bright Sky update – The good, the bad, and did that really happen?
It has been two years since I sat down and reflected on how my company Bright Sky had become a living breathing entity. So I am already a year late in completing my [...]