Business news sponsored by Barrow Electrical

What if a customer doesn’t pay you for goods or services on which you have charged VAT, and you have paid that VAT to HM Revenue & Customs (HMRC), you can get the VAT back by claiming ‘Bad Debt Relief’. Read More

This year, Valentine’s Day was a day to remember for a couple of reasons. Read More

A number of case law decisions on employment law may have an effect on you. Read More

A trade is defined as including “any venture in the nature of trade” where the badges of trade apply.  A summary of each ‘badge of trade’ is shown below with a brief pointer to its meaning. Read More

HM Revenue & Customs have lost 34,000 jobs since 2005, with another 10,000 planned by 2015.  In addition, just three weeks before Christmas it was announced that a further 3,000 staff on fixed term contracts due to end in March 2014 will not have the contracts extended. Read More

WARRINGTON based accountants Watkinson Black reflect on the Chancellor’s autumn statement. Read More

THE Chancellor has announced that the Autumn Statement, which gives notice of the major policies to be announced in next year’s budget, will take place on December 5.  However, we already know of two changes that are coming to effect over the next couple of years. Read More

‘RENT-a-room’ applies to income charged for providing furnished residential accommodation in your only or main home, this may be of benefit if you take in a lodger. Rules on this will either exempt the rental income or tax it on a more favorable basis.  Read More