Handpicked Accountants Network

By Natalie Ford

Neal Ford Chartered Accountants joins Handpicked Accountants The Neal Ford Accountancy team are delighted to announce that we are now part of the Handpicked Accountants network. Handpicked Accountants is a distinguished online platform that is home to the best performing accountants across the country. Selected with care, each accountant is assessed against criteria established to…

HMRC and Airbnb Collaborate

By Natalie Ford

HMRC will know about landlord lettings through Airbnb, so full disclosure of all your taxable property income is essential, including for all prior years.  The Airbnb UK accounts for the year to 31 December 2019 include a statement that the company will share data with HMRC about the earnings of hosts on its UK platform in the years 2017/18…

The Flat Rate VAT Scheme

By Natalie Ford

Limited Cost Trader The limited cost trader category was introduced on 1 April 2017, and its high rate of 16.5% gives minimal credit for input tax. It has wiped out many gains enjoyed by service-based businesses that spend less than £250 a quarter on goods, or less than 2% of their gross turnover. Don’t forget…