Construction sector: Reverse charge VAT

Those working in the UK’s construction industry will have to handle and pay VAT differently from 1 March 2021, unless there’s another last-minute Government U-turn. This is when the VAT domestic reverse charge for building and construction services, to use its full name, will finally take effect at the third time of asking. In this[…]

Employee of the Month – December 2020

Congratulations to our Practice Manager Wendy Ainsworth on being voted Employee of the Month by her colleagues for December 2020! Wendy won for always providing support for her colleagues and for being a motivated role model for staff. A big well done to Wendy for her efforts last month from all the team at Jack[…]

How to manage cashflow in your business

During what would normally be the busiest period of the year for businesses in retail, hospitality and other sectors, many will now be keeping a close eye on their cashflow as they deal with the impacts of COVID-19. While Government-backed schemes like furlough, grants and loans will provide some much-needed support, there could be additional[…]

The economic damage of COVID-19

Had everything gone to plan this year, the Chancellor would have been delivering his Autumn Budget speech. Instead, Rishi Sunak declared an “economic emergency” alongside a slimmed down spending plan to see him through until spring. Nobody in government would privately claim there is any way to avoid tax rises at some point, but the[…]

To flip or not to flip?

With property being one of the most reliable investments around in a period of historic low-interest, many money-savvy people these days end up owning additional properties. They might rent them out, live in them or simply sit on them to sell on when the time is right. Whatever your reason for owning multiple residential properties,[…]