In his second Budget and 14th fiscal announcement since succeeding Sajid Javid in February 2020, Rishi Sunak resisted the urge to start raising the main taxes in a bid to rebuild the UK economy and tattered public finances. The Chancellor has tried to strike a balance between continuing to prop up the businesses worst affected[…]
Congratulations to our Client Manager Zayd Abdullatif on being voted Employee of the Month by his colleagues for January 2021! Zayd won for always being happy to help with a range of tasks and offer support no matter how busy he is, as well as working extremely hard during January, our busiest period. A big[…]
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[…]
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[…]
The UK has left the EU, and for British exporters, that presents both opportunity and uncertainty. There’s potential for businesses to branch out to new markets outside of the EU, but that comes with a new set of rules and procedures to navigate now that the transition period has come to an end. According to[…]
2020 has been a year that none of us could have predicted, and it has come with challenges for us all. I would personally like to thank you for continuing to work with Jack Ross during this time and I hope that we have been able to support you during this difficult time. The vaccine[…]
Earlier this year, a new rule requiring capital gains tax on UK residential property to be reported and paid to HMRC within 30 days kicked in. This ushered in another change to tax rules affecting residential property owners, which seeks to raise more tax from the disposal of additional homes and to collect this tax[…]
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[…]
Congratulations to our Audit Manager Talha Raja on being voted Employee of the Month by his colleagues for November 2020! Talha won for his assistance and support on all the jobs he has completed in collaboration with colleagues this month. A big well done to Talha for his efforts last month from all the team[…]
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[…]