VAT reverse charge for building and construction services

From the 1stMarch 2021, the new “VAT reverse charge for building and construction services” system will become effective.

Although this VAT change has been spoken about previously, it is important to appreciate that it will require bookkeeping/invoicing changes and staff training. The new system will also impact cash-flow, and it may result in your business switching to monthly VAT returns. ad+ […]

Financial support for Scottish business: Strategic Framework Business Fund

From 2nd November, a Scottish business that has been required to close by law or to significantly change its operations due to COVID-19 restrictions, may be eligible to apply for this grant.

The value of the grant is comparatively small and dependent upon whether the business has been forced to close or restrict trading.

[A] If your business is required to close […]

Financial support for employees

The “Job Support Scheme” has been postponed, and the “Coronavirus Job Retention Scheme” has been extended until 31st March 2021.

The extension of this furlough scheme will apply for claims between 1st November 2020 and 31st March 2021.

During the period 1st November to 31st January furloughed employees will receive 80% of their usual salary for the hours not worked. Maximum grant […]

Next Self Employment Income Grant

Just a week to go until the start of next Self Employment Income Support Scheme Grant (SEISS) payments.

The first payment will be paid to those who are currently eligible for the Self Employment Income Support Scheme. They must continue trading, despite reduced sales due to the crisis.

This lump sum grant will be calculated on profits earned during 1st […]

  • ad+ 30th Anniversary

HAPPY BIRTHDAY to ad+ Chartered Accountants

30 years young and just getting started

Fundamental principles are our priority:-

Positive results on a daily basis drive business performance.
Cash and profits are the daily scorecard of activity.

By maintaining this focus, ad+ Chartered Accountants helps ambitious business owners to transform the results of their business.

Right now, as we celebrate 30 years in business, we are determined to ensure our […]

Winter Economy Plan is latest financial help package

Announced on Thursday 24th September, the new Winter Economy Plan, was announced by the Chancellor.

The package of measures applies to all regions and nations of the UK, include:-

A new Jobs Support Scheme to protect millions of returning workers.

Extending the Self Employment Income Support Scheme.

Continuing the 15% VAT cut for the hospitality and tourism sectors.

More help for […]

  • Tax on property sales

Tax charge when you sell residential property investments

Since 1st July 2020, in most instances, you are required to report and pay tax within 30 days when you make a profit on the sale of a residential property that is not your main home.

The change has drastically reduced the previous time gap between the date of sale and the date of paying the tax.  You will now be […]

  • accountancy and tax advice

Accountancy and tax advice for property investors

Property and Wealth
Owning a property portfolio is an aim of many people. Whether the portfolio runs alongside a trading business or becomes the main focus, the appeal is to accumulate a capital asset which can produce a stream of income.

Because ad+ has so many clients who own property investments, this is a topic in which we have a special interest.

We […]

  • ad+ can help to create a financial recovery plan for your business.

Your business recovery plan – repay loans

Does your financial recovery plan include repayment of loans etc?
It’s time to have another look at your business recovery plan. This time we are going to focus on repaying loans or liabilities deferred.

Let’s start by looking at the main financial provisions that have been put in place during this crisis. You need to identify which ones require to be repaid, […]

  • Corona-Covid-financial-help-business

Scotland Eases Lockdown

Scotland: Route map for moving out of lockdown.

The document we have all been waiting for has been published. Download by clicking this link: ‘COVID-19: Framework for Decision Making – Scotland’s route map through and out of the crisis’

Changes to working or running a business

Remote working remains the default position for those who can.
For those workplaces that are […]