Reminder: Change to the temporary reduced rate for supplies of catering, holiday accommodation and admissions to attractions. A client operates a furnished holiday let business and has been accounting for VAT at 5% on their holiday lets since the...
Thinking of starting a new business buying second hand commercial vans and converting them into campervans before selling, or buying existing campervans and repair/refurbish these. Will this fall under the VAT Margin Scheme for these sales? ...
A tax deadline is coming up which could affect your business. If P11D Expenses and Benefits forms are not received by HMRC by 6 July after the end of the tax year, penalties can be charged up to £300 per late form. Abrams Ashton can advise if you...
A client is in the process of selling their main residence and has asked if there would be any capital gains tax to pay on disposal.The property, located in Manchester, was acquired in March 2010 and the client lived there until March 2016 – they...
We’re contacting all of our self-employed clients that may be eligible to let them know about the third SEISS grant which launches on 30 November. The rules on who is eligible to claim have changed. However, you still need to have submitted a Self...
If your business has been affected by the coronavirus pandemic, Abrams Ashton Chorley can advise you on the upcoming changes to the government’s support schemes. The Coronavirus Job Retention Scheme, which has been in place since March, comes...
Abrams Ashton Chorley has helped many local businesses throughout the coronavirus epidemic. We now want to urge clients who are eligible to apply for the second grant of the Self-Employment Income Support Scheme (SEISS). The grant is available for...
Abrams Ashton – Chorley are proud to have sponsored the 2019 Santa Dash who have helped raised much needed funds for a local charity Derian House. Well done to all who took part!! Donations can still be made via the Just Giving...
The start of the year is the best time to reflect on your business’ progress over the past 12 months and plan ahead; so here are five New Year’s resolutions designed to help you progress in the NEW year. Healthier cash flow Cash flow is the...
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