We'll do our endeavor best to keep you posted with the most relevant and latest updates on accounting and tax affairs
UK Charity Week
It's that time of the year when we are at our most giving, but giving can take many forms. Many charities are in desperate need of trustees to oversee the running of the charity's affairs; members to support the charity's activities and keep things running smoothly; and volunteers to help out with activities and events. The UK Charity Week and other websites are packed with information, activities, fundraising ideas and ways to get involved. For further info, click on the link below.
We at Blue Ridge Accounting Services are proud supporters of the hard work and dedication of our local charities and the not-for-profit sector. Our services are aimed at helping charities, community groups, clubs and CICs to keep on top of their financial obligations giving them the freedom to grow and to enable them to deliver the services they were set up to do. For a no obligation chat, why not give us a call on 07803 816800 or drop us a line at office@blueridgeaccounts.co.uk
1 year ago
ICB Bookkeepers Summit 2022 - Have you booked your ticket?
It's back in person again, the annual event for bookkeepers where you can find out the latest news on the industry, get HMRC updates, demo the latest practice software, network with old friends and make new connections.
Travel permitting, looking forward to making some contacts for my new practice. Hope to meet you at one of the events over the 3 days.
#BookkeepersSummit #LUCAAwards
1 year ago
HMRC clamp down on taxi drivers
HMRC is targeting what it sees as ‘high risk’ sectors for under-declared tax or tax evasion, where cash-in-hand work or widespread use of cash is prevalent. Initially their efforts will be concentrated on taxi drivers, mini cab drivers and scrap metal merchants. From April 2022 taxi drivers are required to complete a tax check online using their government gateway account before renewing their licences. They will then have to confirm to HMRC that they pay their taxes in full before the license can be renewed with the local licensing authorities. If they have underpaid tax and lie to HMRC about it, they could lose their license to operate and could potentially leave themselves open to criminal prosecution.
For further information and guidance on the tax check published by the Low Incomes Tax Reform Group (LITRG) click on the link below.
Here at Blue Ridge Accounting Services, we specialise in small to medium businesses and sole traders, including taxi/mini cab drivers. Our bookkeeping service will help you keep on top of your statutory obligation as a business owner to keep clear, accurate accounting records. We can provide you with management reports and cashflow forecasts to help you plan for the future and those unforeseen costly repairs to your vehicle. Why not book a free one hour no obligation discovery call to find out how we can work together to keep you compliant and keep the tax man from your door! Call us on 07803 816800 or email office@blueridgeaccounts.co.uk
1 year ago
VAT Threshold maintained for 2 years from 1 April 2022
The VAT registration and deregistration thresholds will not change for 2 years from 1 April 2022.
The taxable turnover threshold, which determines whether a person must be registered for VAT, will remain at £85,000 until 31 March 2024.
1 year ago