Or a lesson for Contractor Accountants in when not to use an EBT (employee benefit trust). If, like me, you follow Scottish football with the same enthusiasm a hamster has for tank warfare – you may have missed the tax debacle north of the border. Before I go into what it all actually means –
What is the VAT Flat Rate Scheme? Any business in the UK with a turnover of more than £73,000 must be registered for VAT. This means adding on 20% VAT to your normal sales invoice and paying the 20% VAT over to the VAT office. However, there is a scheme called “The Flat Rate Scheme”
Even the word “customer service” has become a standard mantra for every company on the internet. I can’t remember where I first heard it – but I am pretty sure it was not around 20 years ago. When was the last time you heard a company advertise themselves as giving an average or mediocre service?
Record breaking increase in the number of new contractors My research has revealed a record breaking increase in the number of new contractors/ limited company formations, which supports the theory of a new entrepreneurial culture developing to partly replace the traditional employment culture, as a result of the economic crisis. Many jobs are being shed