Blog

VAT / 21.10.2015

VAT treatment for not-for-profit organisations and charities can be a challenging area for both accountants and the organisations. Below, we clarify some key issues related to the topic.   What is Charity? Charities are often mixed with the term not-for-profit organisation, although there is no strict reference to...

VAT / 17.10.2015

If you are considering to make a property transaction, it is critical to understand the difference between exempt and zero-rated VAT. Here are the basics for your reference.   Residential Property If you have an existing residential property (i.e. a house) that you rent or sell, then you...

Business / 04.09.2015

Following our article regarding the VAT Recharge Scheme put in action January 1, 2015, where we provided you with the basics of the new legislation, here are the most frequently asked questions answered by our accounting specialists. Q: I have a small business that sells both...

Business / 24.08.2015

If you are thinking about starting a business, you should begin by writing a business plan. This outlines the ideas you have for your product or service. You can get help for your business ideas from: The National Enterprise Network (England) Business Gateway (Scotland) NI Business Info (Northern Ireland) Business...

Business / 18.08.2015

If you pay sub-contractors to do building work for you and you are for example a: • Builder • Labour Agency • Gang Master • Property Developer You must register as a contractor with the Construction Industry Scheme (CIS). You should also register even if you don’t do construction work, but you spend more than...