UK Economy improving

The UK economy is improving. Signs of improvement, despite the challenges of the third lockdown, grew slightly in February. The pandemic continued to take its toll. But if the trend continues we can start to feel confident that we are finally moving beyond the worst of the pandemic’s short-term economic effects. The pandemic continued to … Continue Reading

Are you ready for the end of the tax year?

As we approach the end of the tax year, you might be thinking about what you need to get ready. If you’re a contractor, something you may consider is getting in touch with a specialist accountant for contractors. Doing this means you will have a professional by your side who can help you not just … Continue Reading

What is the super deduction?

In the Budget the Chancellor of the Exchequer, Rishi Sunak, announced the ’super deduction’. The announcement was among those that got the most attention, and it was seen as one of the biggest components of his plans to steer the country through the financial consequences of the coronavirus pandemic. But what exactly is it, and … Continue Reading

The 2021 Budget: What you need to know

Rishi Sunak delivered his 2021 Budget after spending a year giving money away. Making him one of the most popular Chancellors the country has had. However, the budget has marked a turning point for the Chancellor. While he has continued some giveaways, he has also highlighted that pain is to come. 2021 Budget – Main … Continue Reading

Using an accountant to handle your VAT

As a lawyer you will know the importance of specialist advice, after all it’s what you offer. But what about when you need advice? VAT is one of the most complex aspects of UK taxation and an area where it will really pay to use a specialist accountant for lawyers who understands your business and … Continue Reading

Specialist accountants for contractors – Millhouses Accountancy

If you’re working as a contractor you might think your tax affairs are simple and straightforward. Maybe you think that bookkeeping and accountancy isn’t something you need to worry about. However, if you try using Millhouses Accountancy, specialist accountants for contractors you might quickly change your mind. Specialist accountants for contractors Whatever your trade; whether … Continue Reading

Accounting for Trades Persons

Are you a self-employed Plumber, builder, Central heating engineer, plasterer, painter and decorator or electrician? Do you engage the services of sub-contractors? Do you run your business as a limited company? Are you Vat registered? If the answer to all of these questions is yes then the finance function within your business will require all of the following tasks performing on a weekly or monthly basis

Working from home – how does this change your tax?

Over recent years there has been an increasing trend of home-working and, during the coronavirus pandemic, huge numbers of people have also been forced to work from home either because of lock-downs or because their employer has shifted to complete or partial home-working. Working from home has many benefits. But you might not have thought … Continue Reading