info@flamingo-accounting.co.uk
020 32 86 58 51

VAT change for builders delayed until 2020

The VAT change for builders – known as the Domestic reverse VAT charge – has been delayed. It was due to come into force on 1st October 2019, but the Domestic reverse VAT charge has now been delayed…

Read more

Brexit: Customs intermediaries grant scheme launched

In advance of leaving the EU on 31 October 2019 the UK government has announced a Customs intermediaries grant scheme. Should the UK leave, there will be immediate changes to the way UK businesses trade with the EU,…

Read more

Female owners less likely to quit their business than male owners

A new study has revealed that female entrepreneurs are less likely to give up on their businesses than their male counterparts. Men are 14% more likely to leave their business, whereas women were more likely to stay at…

Read more

What is inflation?

What is inflation?  How does it work?  Is it good or bad for business? We are often asked about inflation and the affect it has so here is our brief guide to the essentials you need to know:…

Read more

Bosses urge reform for the ‘broken’ business rates system

A group of more than 50 bosses of retail businesses have called on the Chancellor to reform the business rates system in an effort to help boost the high street. The group, including bosses from Asda and Boots…

Read more

Cheap and free staff benefits you can offer

We often hear from businesses that they can’t attract or retain the top talent they want because they can’t afford to pay the big salaries or benefits, and don’t know what perks they can offer.  The truth is though,…

Read more

The labour market and wages continues to grow in strength

The UK labour appears to be going from strength to strength – but there are still some negatives. Wages growth jumped to 3.6% in the year to May 2019 which is the highest rate in over a decade, according…

Read more

Xero bank feeds are changing

Xero bank feeds are changing! In the coming weeks, existing Xero bank feeds with Barclays, and ALL bank feeds set up using Yodlee, will no longer be available due to new industry-wide standards that take effect from mid…

Read more

Do you need to charge VAT on recharged expenses?

We are often asked by clients if they need to charge VAT on the expenses that they recharge to their own customers. The simple answer is yes, you charge VAT if you benefit from the expense, and no…

Read more

Small businesses are the worst offenders in the tax gap and for owing HMRC money

New information released shows that small businesses are responsible for the largest part of the tax gap – owing HMRC £14 billion The tax gap – the difference between what is expected to be received and what is…

Read more