Aug 2018 – Last Chance to Pay Class 2 National Insurance Contributions

As a self-employed individual, you will be required to pay only one class of National Insurance Contributions (NIC) from 6 April 2019. Good news! But there is a catch. Currently, if your profits are below the small earnings threshold of £6,205 (for 2018/19), you don’t ...

Jul 2018 – New Senior Hire Boosts Team

We are pleased to announce we have further expanded our team with the appointment of Nathan Millar . Nathan, who joins the business as Accounts Senior, joins Clarke Nicklin having just moved back to the UK from Melbourne Australia. Nathan’s past experience included primarily looking ...

Jul 2018 – Missing Trader Fraud

There are so many risks in business nowadays. You need to know your customer to check they aren’t trying to launder money through you, but you also need to know your suppliers to protect yourself from VAT fraud. If your supplier goes missing and deliberately ...

Jul 2018 – VAT on Exported Goods

When you export goods to a customer in a country outside the EU, the sale is zero-rated for VAT if, and only if, seven different points of supporting evidence can show what went from A to B, what it was worth, how it moved, and ...

Jul 2018 – Who is Entitled to SMP?

To receive Statutory Maternity Pay (SMP) the pregnant employee must have been continuously employed by the same employer for at least 26 weeks up to and including at least one day in the 15th week (aka ‘qualifying week’), before the week in which the baby ...

Jul 2018 – What’s the Deal with VAT on Hot Food

The general rule is that food for human or animal consumption is subject to zero rate VAT. However, where food is supplied as part of a catering contract, standard rate VAT (20%) must be applied to the cost of all the food whether it is ...

Jul 2018 – Preparing for Digital VAT

Tax is going digital, just as sure as Brexit is happening. The first business transactions to be affected by this Making Tax Digital (MTD) revolution will be those relating to VAT. If your business is VAT registered, and your turnover is £85,000 or more per ...

June 2018 – Stockport Business Awards Shortlist Revealed

Clarke Nicklin, are the main sponsors and organisers of the Stockport Business Awards and founded the event six years ago. We can now announce the shortlist for the 2018 Stockport Business Awards. Over 80 Businesses entered the 12 categories this year and judging took place ...

June 2018 – Winners Revealed for Stockports First Ever Food & Drink Awards

We teamed up with food-focused multi-disciplinary business Foodsync, to host the first Stockport Food and Drink Awards which was held on Wednesday 20th June at Robinsons Brewery. The awards followed the first ever Stockport Food & Drink Trade Show which was held at Stockport Market ...

June 2018 – Avoid VAT Penalties

As a VAT registered business, there are just two things you need to do to avoid a VAT penalty: pay your VAT on time and submit your VAT return on time. If you fail on either task twice within 12 months, you are put on ...

June 2018 – Work Place Pension Contributions

If your business has a workplace pension which complies with the auto-enrolment rules, that scheme must receive a minimum level of contributions on behalf of each employee who is enrolled in the scheme. This level of contributions is expressed as a percentage of the employee's ...

June 2018 – Shortlist Announced for First Food & Drink Awards

Stockport based chartered accountants and business advisors Clarke Nicklin have teamed up with food-focused multi-disciplinary business Foodsync, to host the first Stockport Food and Drink Awards on the 20th June. Clarke Nicklin who are organisers and main sponsors of the Stockport Business Awards have been ...