What do I do about business insurances?

We advise you set up business insurances to lessen your commercial risk and to strengthen your position from an IR35 viewpoint -we strongly recommend you set up business insurances before you commence work on a contract. For business insurance we recommend QDOS – contact them for a quote on forbesyoung.qdosconsulting.com .

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Rangers FC and the tax case

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?

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”

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