Building firms: It's time to prepare for reverse charge VAT. It's coming at some point in 2021.
We recommend that you begin putting VAT monies into a separate account, not allowing the funds to be used short-term within the business as you may have done before.

#EssexBusiness

Photographer James Rudland says our service 'enables him to plan, know his boundaries, and safeguard his business for the future'.

#AskOscar #CashFlow #Accountant #CreativeIndustry

What's the biggest drain for owner/managers right now? Panic. Create a cash flow forecast in a simple spreadsheet, and avoid panic induced by the unknown.

#smallbusiness #growth #BacktoBusiness #AskOscar #Accountant

Starting out as a freelancer? HMRC recommends that you let them know as soon as you start trading from your new business! #Freelance #Accountant #AskOscar

The government is altering the CO2 emissions threshold for capital allowances to encourage the use of electric cars. We've explained ALL in this new blog.

#smallbusiness #growth #AskOscar #Accountant bit.ly/3p1Ge7f

Acelux construction business owner Les says our accountancy support has been, 'spot on - fast CIS and hassle free grant processes. We've now got financing ready for green-shoots growth.'

#SmallBusiness #CashFlow #Growth #accountant

We've been working with our construction subcontractor clients on cashflow.

An option is Gross Payment Status - you're responsible for CIS. You'll pay all your tax and National Insurance at the end of the tax year. Message us to explore the options in full.

#Smallbusiness

Sole traders we speak to are unaware that their 31st January self assessment tax payment will include both July's deferred balance PLUS January's payment on account.

Our advice is to set up Time to Pay, and split the tax across regular monthly repayments.

#smallbusiness

Looking back at 2020 and asking ourselves what have we learnt from the COVID-19 crisis? That business owners are resilient and flexible, putting people above profit.

#SmallBusiness #CashFlow #Growth #accountant

While most businesses secured Coronavirus Business Interruption Loan Scheme support initially, there are a few that didn't - because they were unable to provide the documentation required.

We're here to help you get your application in order.

#SmallBusiness

If you're in the building industry you'll know how competitive it is. Reducing the VAT you charge might help you win more work. The good news is that HMRC allows you to apply a reduced rate in some cases.

#Construction #Subconstrctor #EssexBusiness #AskOscar ...

We wanted to wish everyone a happy new year! There may be more challenges ahead, there will also be more opportunities.

#accountant #essexbusiness #limitedcompanyexBusiness #AskOscar

We wanted to wish everyone a happy & healthy festive season.

No matter how you celebrate this year, take a moment with us to reflect on all that you have achieved in the face of adversity.

Season's greetings from the Oscar Fairchild team.

#accountant #essexbusiness

Building firms: It's time to prepare for reverse charge VAT. It's coming at some point in 2021.
We recommend that you begin putting VAT monies into a separate account, not allowing the funds to be used short-term within the business as you may have done before.
#EssexBusiness

We've been working with our construction subcontractor clients on cashflow.

An option is Gross Payment Status - you're responsible for CIS. You'll pay all your tax and National Insurance at the end of the tax year. Message us to explore the options in full.

#Smallbusiness

Sole traders we speak to are unaware that their 31st January self assessment tax payment will include both July's deferred balance PLUS January's payment on account.

Our advice is to set up Time to Pay, and split the tax across regular monthly repayments.

#smallbusiness

We have information that HMRC is making calls to businesses who have claimed financial support and shouldn't be operating during lockdown. Your response could trigger further HMRC investigations, so when handling phone enquiries your answers need to be clear.
#SmallBusiness

While most businesses secured Coronavirus Business Interruption Loan Scheme support initially, there are a few that didn't - because they were unable to provide the documentation required.

We're here to help you get your application in order.

#SmallBusiness

If you’re in the building industry you’ll know how competitive it is. Reducing the VAT you charge might help you win more work. The good news is that HMRC allows you to apply a reduced rate in some cases.
#Construction #Subconstrctor #EssexBusiness #AskOscar ...

HMRC has given the green light to tax-free virtual parties! Many of our clients are being innovative and holding virtual parties themselves. So, this recent announcement from HMRC gives us all reason to be merry.' #SelfEmployed #EssexBusiness #AskOscar