How to Ensure Your Business Keeps Growing After Covid
Tuesday, 26 October 2021
Now that we have come out of the worst of the Covid-19 pandemic and its successive lockdowns, many businesses are seeing a growth in their business. But how do you ensure that the growth is consistent and long term?
Here, we discuss why businesses stop growing after initial prosperity, and how to kick start a successful growth strategy for long term results.
Reasons To Download Our App
Monday, 04 October 2021
Do you know that we have a Hugh Davies & Co app?
We are always trying to find ways of making it easier to keep on top of your taxes and we have built a handy reference guide that you can download for free onto your phone or tablet via the App Store if you have an iPhone.
Here are some of the features of the app and how it can help you manage your tax.
Are you ready for the Hospitality VAT rate change?
Wednesday, 22 September 2021
On 15th July 2020 the Government lowered the rate of VAT relating to tourism and hospitality from 20% to 5% as a way of supporting businesses severely affected by the pandemic.
It was initially only planned to last until 12th January 2021, but after being extended twice, it will now change on 30th September 2021 where it will rise to 12.5% until 31st March 2022 where it is thought to return to 20%.
Post-Lockdown Business Restart
Monday, 14 June 2021
As coronavirus restrictions continue to ease across the UK, many business owners who were forced to shut in previous lockdowns have now been able to reopen for trade.
Not only has this provided a great opportunity to retarget new customers and potentially diversify business, it is also a good time to optimise internal processes and ensure you’re starting on the right foot with business administration.
In this article, we will suggest our best 4 tips for giving your business the refresh it deserves.
VAT & the domestic reverse charge for the construction sector
Tuesday, 30 March 2021
This is an article recently prepared by our partners at Xeinadin Group
“Building Back Better” is a phrase often heard in the current environment but to take its literal sense in a constructor sector context, the pressure across the UK remains for the ability of this sector to achieve a full recovery to pre Covid activity levels.
Budget comments
Tuesday, 16 March 2021
I like to wait a week to let the dust settle after the Budget before taking a view. This was always going to be a tricky one for Rishi Sunak - on the one hand he wanted to support a fairly fragile economy only just emerging from lockdown, and on the other he needed to set the scene for re-balancing the books after spending unprecedented billions in economic support.
Covid Grants Update
Tuesday, 02 February 2021
The situation regarding grant availability has been rather confusing since Tier 4 restrictions were introduced on 5 January. To make things clearer for you we have summarised the current situation. As previously all funding will be through the local councils.
Coronavirus support update
Wednesday, 16 December 2020
There have been a lot of changes and tweaks to government support as we've entered the second wave of the pandemic. This is just a quick summary of the financial support now available...
Have you considered the impact leaving the EU will have on your business?
Thursday, 10 December 2020
With the UK leaving the European Union in less than a month, have you considered how this will impact the services you supply to or buy from the EU?
You may not even think it will but are you aware that any services you buy from the EU will be subject to the ‘Reverse Charge’ mechanism? Under this mechanism, even though your supplier may not have charged you VAT you may still have to declare Output VAT on the invoice at the UK VAT rate in box 1 and then reclaim it as input VAT in box 4.
Summer Economic Update – a couple of key points
Tuesday, 14 July 2020
Another raft of incentives and give-aways to support the economy at a critical juncture as we emerge from lock-down and anticipate the ending of the job retention scheme.
Measures include - Job retention bonus, VAT reduction for hospitality, stamp duty holiday and support for young people to find work. I will focus on just two of these.