Entries by Kate

Premier Tax Solutions join call to delay Construction VAT change

More than 150,000 construction companies are facing a 20% drop in cash flow when planned VAT changes come into force in October. Premier Tax Solutions are joining other accountancy practices in calling on the Government to delay the changes for at least six months. The planned “domestic reverse charge” changes mean companies in the construction […]

Time to fight the late payment culture which harms UK business

New research has revealed 37% of small businesses owners have considered closing their company because of cash flow issues caused by late payments. The findings highlight the scale of the late payments challenge facing British small businesses, who are owed an average of £23,360 in overdue invoices on any one day and have to wait […]

What is the construction industry reverse charge scheme?

What is the construction industry reverse charge scheme?   From 1 Oct 2019 there will be a significant change in the way the vat system works for those in the construction industry due to the introduction of the reverse charge. Businesses that buy & sell construction services are likely to be affected however it will […]

Getting ready for Making Tax Digital with Xero

Making Tax Digital is now here, but there’s no need to panic. We know that there are still business owners who carry around a bag full of receipts but switching to online accounting with Premier Tax Solutions is simple and is guaranteed to make your business easy to manage. All of our VAT registered clients […]

What is subsistence?

Subsistence is the accounting term used to describe food & drink and other incidental costs of travel such as accommodation. It is an allowable deduction when incurred by an employee or office holder in conjunction with a qualifying business journey such as business travel & overnight stays. All claims must be backed up by receipts, […]

Awards and Recognition

2018 is the year when everything began to add up for us all at Premier Tax Solutions. We’ve come a long way since starting PTS in 2013 and now our hard work is being recognised by others. We kicked off the year by attending the Sentinel Business Awards, where we – Emily Precious and Vanessa […]