We know accounting can be a daunting subject – and one of those things people often put to the bottom of the pile. We thought we would explain some common accounting terms – ones that might seem tricky but are actually simple when you understand them. 1.What is accounting? Let’s start with the basics! Accounting is the way we record, assess and communicate financial transactions and the process of keeping financial accounts. 2.What is […]
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It’s been an unprecedented year and Covid-19 has been devastating for some businesses as they struggle to survive through an ongoing situation which is likely to be with us for some time to come. Some people have lost their jobs with, unfortunately, more unemployment likely to follow in the coming months. The future remains unclear as we negotiate a second wave of the virus and the Government has stepped in with a number of packages designed […]
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The start of a new scheme for the way construction firms handle their VAT for certain kinds of services has been pushed back from October 2020 until March 2021 due to the Covid-19 pandemic. The VAT Domestic Reverse Charge for Building and Construction Services means contractors will be required to pay the VAT directly to HMRC on the construction services provided by their sub-contractors. It’s an important change and one which businesses need to be fully […]
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KEW Accountants and Tax Specialists Ltd
Granville Suite
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Stafford Park 4
Telford
Shropshire
TF3 3BA
t: 01952 216872
e: info@kewaccountants.co.uk
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VAT No: 180 5947 85