The short answer: If your business exceeds a taxable turnover of £85,000 then yes, you will need to register for VAT. Understandably, there is often misinterpretation over what actually counts towards this figure and when it applies. To clarify: Your business will need to register for VAT if...

Written by Director, Huw Moseley: Lots of the clients I work with are in a fortunate position to own a second property – and it presents an interesting field of accounting. Did you know, for example, Furnished Holiday Lets (FHLs) – quite apart from being a great...

Written by Director, Huw Moseley: If you read my last blog, you’ll know that my advice when dealing with HMRC is to know your accounts inside out and backwards – as some times even Government administration bodies make mistakes. Well, I’m blogging on this subject again because...