For many companies, investing the time and effort to get their business off the ground can lead them to accumulating substantial trading losses in the first few years.
Currently withholding tax is applicable at the rate of 20% on royalty payments and some IP related annual payments. This rate can be reduced appropriately if there are Double Taxation Agreements (DTA) in place between the countries.
Our Head of Data Analytics, Reuben Barry shares his thoughts on Facebook, Cambridge Analytica, and how data has now become more valuable than traditional products and services.
In July 2015, Geniac caused quite the stir in the Accounting World when Grant Thornton announced that they were to invest up to £22m funding in the high growth start-up to access the SME accounting market. Less than 3 years later and their clients have been stunned to learn that the company is to close its doors in April 2018, as Geniac “are not making the progress we wanted”.
You might have heard about Christa Ackroyd in the news recently. The former BBC Look North presenter is facing a tax bill of up to £420,000 after losing a dispute with HMRC, a judgement that could potentially affect others working in similar conditions.
If you’re one of those risking your life every night, trying to find a warm place to sleep, this weather can be deadly. It’s natural for us to want to help someone in need and every bit of spare change and offer of a hot drink do go a long way. However, what they really need is a safe place to sleep at night.
Sorry we missed last month's update but hopefully this months online accounting update will make up for it. Happy reading from a snowy London.
The Chancellor Philip Hammond presented his first Autumn Budget on Wednesday 22 November 2017. His report set out a number of actions the government will take including support for more housebuilding. His view is that the economy continues to grow and continues to create more jobs.
Kate Baker, Partner welcomes her friend to the UK who she met in Nepal whilst working with the MySmallHelp Charity in 2015. Pramila who is CEO of the charity works to help disabled and disadvantaged children in the developing world and we welcome her as a friend and inspiration.
The Online Accounting Update for September is now available! Happy reading.
Our Tax partner, Chris Sparkes takes a look at the recent consultation on "patient capital" and the potential for tax reliefs to help entrepreneurs and startup businesses avoid some of the pain of short term investors
Make sure you don't miss the EU deadline for reclaiming EU VAT for 2016
Have a read of our August 2017 Ecovis Online Blog to see the latest developments we are releasing to continually improve the way we work with our clients.
The July 2017 ECOVIS Online Blog is now available to keep you up to date with some of the latest developments in the online accounting world. Make sure you are getting the most out of your finance systems by keeping up with the latest functionality, and if you need and help, the Ecovis Online team are here to answer your questions.
Much has been made of the imminent arrival of HMRC’s latest digitisation project, Making Tax Digital (‘MTD’), and the impact it will have on smaller businesses and partnerships. The original proposal – to enforce quarterly digital reporting of accounting data from April 2018 - came under fierce criticism from business owners and professional bodies alike and has led to a dramatic step down from HMRC.