The guidance and main requirements for choosing a name for incorporating a company in the UK is set out at Companies House. If you are unsure or would like to discuss any part of your business, Central Business Services can help you. Companies ... [Continue Reading]
Focus on your skills
Do you try to improve on skills and tasks you aren’t good at or don’t have the aptitude for? Maybe that’s the wrong approach. If you are a top class football Striker why should you learn to be a Goalkeeper? If you are a rugby Fly Half, do you ... [Continue Reading]
Annual Accounting for VAT
As the name suggests, VAT annual accounting is an HMRC scheme, that allows you to submit a single VAT return each year instead of the usual four. Although this may seem appealing it is important to know that by going into the scheme, you will ... [Continue Reading]
Making Tax Digital for VAT launch date
Making Tax Digital (MTD) will hit VAT- registered businesses first, with VAT periods beginning after 1 st April 2019. How can you start preparing for this and can you get used to the requirements before that date? There will be 3 major ... [Continue Reading]
VAT and Disability
It’s not surprising that we are regularly asked about charging VAT when it comes to disability. The rules are complex and there are a lot of grey areas. We have a very professional team here at Central Business Services that will be able to discuss ... [Continue Reading]
Buying a business or franchise
Many entrepreneurs start in business by buying an existing business or taking on a franchise. These can be great ways to get started. What is surprising is how few people contemplating such an investment, which can change their lives, ask for ... [Continue Reading]
Letting a holiday home and VAT registration
You may have thought that renting a residential accommodation was VAT exempt, but now you’ve been told you should charge it. Why, and does this mean that you have to register it? Exempt or not? Charging rent ... [Continue Reading]
Cash basis for Landlords
When landlords complete their 2017/2018 tax returns they may need to make extra calculations because of the new basis for working out profit. What sort of adjustments are required and is there a way to avoid having to make them? Read more to find ... [Continue Reading]
Tax efficiency for limited companies
You can take your earnings from your limited business, as a combination of salary and dividends as a company director and shareholder–this can limit the amount of tax you’ll personally have to pay. You can take full advantage of tax exemptions for ... [Continue Reading]
HMRC warning on Tax refund scams
Fraudsters are taking advantage of taxpayers who may be due a tax refund following the end of the 2017-2018 tax year. HMRC are calling on people to stay extra vigilant as they are using email and text messages to scam people out of their savings ... [Continue Reading]
