There are thousands of landlords in the UK, owning and renting out second properties. The majority of these landlords declare their income and pay taxes on the profits on their tax return. But what do you do if you have rental income that you have not yet declared to HMRC? Whatever the reason for it, […]
When we first met Jim, Subvision was a growing side hustle, turning over £40,000 as a result of weekend and evening work. At the time, the business was being run solely by Jim with the support of Subcontractor Keith – now a partner in the business. Most business owners in the early stages will relate […]
You may have already heard about the Domestic VAT Reverse Charge that came into effect from 1st March 2021. This is a change in the way contractors and subcontractors in the construction industry will account for VAT, specifically aimed at VAT registered businesses working under the Construction Industry Scheme. These changes can often feel complicated […]
Many business owners took advantage of the opportunity to defer VAT in 2020 as a result of the Government’s Covid-19 business relief. While we’re not out of the woods with lockdown just yet, it helps to know when you are required to make repayments, and how you can go about doing that. The good news […]
Switching to an electric car won’t solve the world’s climate crisis, but it will have a positive impact by reducing the UK’s carbon footprint. Not to mention, a positive impact on your finances.
If there was ever a time to huddle together for a (virtual) cuppa, now is the time. We want to make sure you have all the information and access to help for your business during this time.