Tel: 07712 856364
Email: jon@proactive-accounting.com
We summarise the workings of cash accounting for VAT. If you are starting or have recently started a business in the Co. Antrim area we, at Proactive Accounting, can advise you on the cash accounting scheme. Cash accounting enables a business to account for and pay VAT on the basis of cash received and paid…
We explain how the VAT Flat Rate Scheme operates. The VAT flat rate scheme for small businesses reduces the administrative burden of operating VAT. If you are starting or have recently started a business in the Co. Antrim area we, at Proactive Accounting, can advise as to whether the flat rate scheme is appropriate to…
With careful planning Proactive Accounting can help businesses in the Co. Antrim area to avoid VAT penalties. Although some of the penalties for VAT infringements have been less severe in recent years, there is still an alarming array of enforcement powers to trap the unwary. By being aware of the problem areas and planning carefully,…
Seven key VAT areas to consider for the smaller business. If you are starting or have recently started a business in the Co. Antrim area we, at Proactive Accounting, can help you comply with the VAT regulations. This factsheet focuses on VAT matters of relevance to the smaller business. A primary aim is to highlight…
The Limited Company Director’s Support Scheme £3,500 Taxable Grant To be eligible for the scheme you (the Director) must meet all of the following criteria: You are a Northern Ireland Resident. You are a Person with Significant Control (PSC) for the company/companies* listed in your application (i.e. you hold more than 25% of shares in…
In line with yesterday’s budget there are a few things that everyone should be aware of. We’ve done our best to keep this as brief and easy to read as possible, there are ample guides elsewhere which can summarize the budget in more technical language. Most of the information thus far comes from the chancellors…
Following on from our blog post last week about relief available in the Budget Stormont have announced a new batch of Rates Grants, mostly based around your business’ eligibility for the last few grants scheme and the NAV/rateable value of your premises. We will try to jog your memory about which of the confusingly named scheme…
Electric Car Tax Breaks With the price of fuel flying through the roof and the government’s approach to levying extremely high levels of tax on company cars provided as a benefit in kind, many business owners are looking at electric vehicles as a strong alternative to traditional cars or pickups. The tax benefits are strong…
Under pressure from their members our professional bodies have finally broke their silence on HMRC’s poor service. All of the major accounting regulators have issued a full letter to HMRC calling the organization out over the absolute collapse in their service levels since 2020. “We are under considerable pressure from our members to demonstrate…
There have been some substantial changes in yesterday’s budget that you should be aware of. You can obviously find these summarized elsewhere on the internet, but we thought it would be helpful to highlight those changes we think are most significant to our clientbase. If you are a client with a SSAS, R&D work or…