August 2021 – Clarke Nicklin Team Grows

CLARKE NICKLIN CHARTERED ACCOUNTANTS TEAM GROWS Clarke Nicklin Chartered Accountants are delighted to announce they have further grown their team with the addition of Alan Surej, Trainee Accountant, who joined at the beginning of this month to assist in the accounts department. Alan, who has ...
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August 2021 – Construction Industry VAT

The VAT ‘domestic reverse charge’ for construction industry businesses came in on 1 March 2021. It changes how VAT must be accounted for on construction-related services provided by sub-contractors. Where the rules apply, VAT-registered sub-contractors still issue VAT invoices, but do not actually charge VAT ...
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August 2021 – Trading Losses – Companies

Unlike an unincorporated business, losses of a company cannot be used against the owner’s personal income or Capital Gains. Instead, they are stuck within the company, unless the company is part of a group, when it may be possible for other group companies to use ...
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Aug 2021 – Trading Losses – Sole Traders

With the economy hit hard by COVID-19, many unincorporated businesses will make losses this year, perhaps for the first time. A sole trader has great flexibility in how losses can be used and these rules also extend to members of partnerships and LLPs, subject to ...
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Aug 2021 – VAT Reduced Rate

VAT reduced rate The 5% VAT rate for hospitality has been extended until 30 September 2021. On 1 October 2021 it will increase to 12.5%, before reverting to the normal 20% rate from 1 April 2022. The following are eligible for these reduced rates: • ...
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July 2021 – Business Valuations

Here, Managing Partner of Clarke Nicklin Chartered Accountants, Andrew Baggott, discusses business valuations and how Clarke Nicklin can advise with this ...
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July 2021 – Personal Service Companies

Personal Service Companies 6 April 2021 saw major changes to the tax rules for workers providing services via their own ‘Personal Service Company’ (PSC). Since April 2017, the worker’s clients in the public sector have had to make decisions over the worker’s tax status; this ...
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July 2021 – Should You Be VAT Registered?

Should you be VAT registered? HMRC actively looks for businesses that have an annual turnover of £85,000 or more, as most should be VAT-registered. It gathers information from many different sources, including credit card payments and sales by wholesalers, then analyses that data and compares ...
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July 2021 – Clarke Nicklin Facilitate Employee Ownership for DJS Research

We are delighted to have supported Stockport-based market research agency, DJS Research, in becoming Employee Owned. Specialising in qualitative and quantitative research services, the £6.3m turnover agency has established a new employee ownership trust (EOT), which will now own the majority of the business. The ...
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June 2021 – Corporate Finance – Due Diligence

Our due diligence reviews/assessments ensure information is accurate and identifies appropriate considerations in specific scenarios. Here, Managing Partner, Andrew Baggott, explains how Clarke Nicklin can support and advise with due diligence. For more information on our experience in Corporate Finance, please see our portfolio of ...
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June 2021 – Corporate Finance – Disposals

If you’re thinking about a business disposal, Clarke Nicklin are here to discuss the process and ensure you achieve your objectives throughout. Here, Managing Partner, Andrew Baggott, discusses business disposals and how Clarke Nicklin can advise. Take a look at our Corporate Finance portfolio here ...
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June 2021 – Veterans’ NIC Relief

Veterans’ NIC relief From 6 April 2021, a new NIC relief came in to encourage businesses to take on new employees who are veterans of HM Armed Forces. This relief, which will apply a zero rate of employers’ NIC up to the upper secondary threshold ...
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