Landlords are seen as a lucrative source of underpaid tax because of the data now available to HMRC. HMRC’s “Connect” system has been in operation since 2017 checking data from various government and local authority databases. By cross referencing ... [Continue Reading]
MTD – Making Tax Digital
HMRC is sending letters about MTD (Making Tax Digital) to all businesses in the Loughborough area which are registered for VAT and have a turnover in excess of the VAT threshold of £85,000. The letter is basically saying that MTD is coming and your ... [Continue Reading]
We’re Living in a digital world
Central Business Services is no stranger to this digital world we now live in. Digital & Cloud technology has brought substantial improvements to the way we work, freeing up more time to provide advice and support, with the intention of ensuring ... [Continue Reading]
Saving VAT on your buy to let
You are intending to invest in a residential property with the view to buy to let. You’ve decided on a property that needs a fair amount of work done to it. Is there an opportunity to pay less VAT? Buy to let businesses Changes to the tax rules ... [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]
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