25 February 2021 These new rules are coming in to force from 1st March 2021. The previous two planned dates got postponed but this time it is definitely going ahead. Background Under the new regime, a VAT-registered business, which supplies certain construction services to another ... Read More
COVID-19 Support
If you are VAT registered and took advantage of the concession during the first lockdown to defer your VAT payment but have not yet repaid that outstanding VAT, HMRC have introduced a further deferral system. VAT deferral new payment scheme – join from 23 February If businesses deferred ... Read More
Free commercial insurance review
FREE COMMERCIAL INSURANCE REVIEW ADC Accountants have partnered with Goldstone Broking Group to offer you a free review of your commercial insurance, to ensure you have the right cover at competitive premiums. Goldstone have 2 offices, one in Maidstone and one in the heart of Standish. With ... Read More
COVID19 Update – Lockdown 2
The Lockdown 2.0 is now upon us. We hope you are all staying healthy and coping with the latest restrictions. Last week the Chancellor confirmed the latest details about the Furlough scheme and the Self-employment support scheme. Local governments have also been given more funds for ... Read More
COVID-19 Update – 02 November 2020
Approximately four weeks ago one of our Directors Ian Barnes tested positive for COVID. The virus affects everyone differently and unfortunately, in Ian’s case, it made him increasingly ill. He was admitted to hospital and after a couple of very worrying weeks, he is now responding to ... Read More
COVID UPDATE – 30th September 2020
It has been a while since we sent you some COVID information but here are the latest headlines from the announcements made last week. As with all the previous plans the devil is in the detail and the full information will filter through in the coming days/weeks. The measures cover Employees, ... Read More
COVID 19 – LATEST HMRC UPDATE
The ‘New Normal’ seems to involve regular HMRC announcements, new schemes and new rules for business owners and accountants to get to grips with. Here are the latest…………. Job Retention Bonus This week the Chancellor announced the introduction of the Job Retention Bonus. This is a one-off ... Read More
COVID 19 – JOB RETENTION SCHEME (FURLOUGH) UPDATE
Changes to the way the Furloughing scheme operates come in to effect from 1st July 2020. The Coronavirus Job Retention Scheme will close on 31 October 2020. From 1 July, employers can bring furloughed employees back to work for any amount of time and any shift pattern, while still being able ... Read More
COVID 19 – SELF-ASSESSMENT ON ACCOUNT PAYMENTS – DUE BY 31 JULY 2020
Option to defer your Self-Assessment payment on account due to coronavirus (COVID-19) As part of the concessions announced by the Government & HMRC anyone with a July 2020 payment due for self-assessment can delay making that second payment on account for the 2019 to 2020 tax year. You ... Read More
COVID 19 – VAT Update
19th June 2020 Important reminder if you are VAT registered. Deferral of VAT payments due to coronavirus (COVID-19) Temporary changes to the VAT payments due between 20 March 2020 and 30 June 2020 HM Revenue & Customs statement The VAT payment deferral period ends on 30 June 2020. ... Read More