Happy New Year!

We would like to take this opportunity of wishing all our clients and suppliers a very Happy New Year!

Given what’s happening across the world and within our own country it can seem that moving from 2019 into 2020 is one big jump into who knows what.

Whatever is ahead we all have the opportunity of a fresh start to this new year.  The chance to take a fresh look at our business, our focus, our dreams and our ability to learn and grow.

All progress begins with a brave decision and action spawns courage not the other way around.

So decide what your ‘leap’ or ‘micro-dream’ will be and take the advice of Mark Twain when he said: “The secret of getting ahead is getting started.  The secret of getting started is breaking your complex overwhelming tasks into small manageable tasks, and then starting on the first one.”  Nothing changes if nothing changes so lets decide and take action on what we know deep down we must do.  Our very best wishes for 2020 from all at Huddarts.

Tom Bathgate MBA

MTD – coming apart at the seams!?

Our clients are experiencing that Making Tax Digital is coming apart at the seams.

Why? Well, a number of clients who have submitted their VAT returns, had them accepted by HMRC and paid their VAT bill have subsequently had a letter, like the one shown at the bottom of this article informing them that they have not submitted or paid their VAT.

On further investigation when you ring up HMRC to find out what has happened you are met with an answering machine message which informs you to ignore the letter as they have been sent out in error.

So, (a) if this is your experience, please don’t worry; (b) if you have a Government Gateway access then you may just want to double check that all is ok; and (c) if you are concerned please give us a call to discuss the situation. We would be happy to help and advise.

We are looking for an Accounts Senior – is it you? – post now filled

With the level of work we have on at the moment we are looking to add to our experienced team an Accounts Senior.

 

This individual we are looking for:

  1. Must be an experienced individual in the production of accounts for sole trader and limited company accounts as well as a broad range of clients covering various trading activities.
  2. Must have worked in a general practice for more than one year and can hit the ground running as far as the production of accounts is concerned.
  3. If they were experienced in the preparation of tax computations and returns this would be a bonus but not a must.
  4. Will be competent and comfortable in the use of accounting software such as IRIS, Sage and Xero as well as Excel.  We are not looking to train someone up in the use of accounting software.
  5. Will have a proven track record of working cooperatively with others and is a positive influence on a team.
  6. Will be self-motivated, diligent in time management, and does not require micro managing.
  7. Will be able to listen carefully and follow instructions.
  8. Would be available say 3 days per week and living in the local area to our office would be ideal.  We would look at a full time individual if that is the only option available.
  9. Ideally would be a qualified person as well as experienced.

If you have the expertise and experience we are looking for we would be delighted to hear from  you!

As a first step please send your CV to this email address:  tom.bathgate@broadthunder.co.uk

Look forward to hearing from you.

Tom Bathgate MBA

VAT – Reverse charge for builders delayed until 2020

The UK Government is to delay the introduction of VAT Reverse Charging for construction companies by a year after a coalition of trade bodies and organisations highlighted its potentially damaging consequences.

Reverse charge VAT was due to come into force from 1st October 2019 but the government last week announced its decision to delay implementation until 1st October 2020.

The move follows a joint letter sent last month to Chancellor Sajid Javid, where the Building Engineering Services Association (BESA) and other key industry bodies, led by the Federation of Master Builders (FMB), pressed the government to delay the VAT changes due to the damaging impact policy would have on the sector.

Brian Berry, chief executive of the FMB, said the delay is a victory for common sense.  He added: “I’m pleased that the government has made this sensible and pragmatic decision to delay reverse charge VAT until a time when it will have less of a negative impact on the tens of thousands of construction companies across the UK. To plough on with the October 2019 implementation could have been disastrous given that the changes were due to be made just before the UK is expected to leave the EU, quite possibly on ‘no-deal’ terms.

“The situation hasn’t been helped by the poor communication and guidance produced by HMRC. Despite the best efforts of construction trade associations to communicate the changes to their members, it’s concerning that so few employers have even heard of reverse charge VAT.”

Data published by the trade body in July revealed that more than two-thirds of construction firms had not heard of the VAT changes and of those who had, around the same number hadn’t prepared.

Mr Berry said: “It is reassuring that the government has listened to the construction industry, which has come together to make clear to the government that sticking to the October 2019 timetable could lead to a loss of productivity, reduced cash flow and in the worst cases, lead to a hit on jobs, tipping some companies over the edge.

“What’s required now is for the government and industry to work together to deliver a sector-wide communications campaign, which must include plain English guidance on the changes. We also want to work with the government to deliver workshops aimed at construction employers, held in locations across the country, to explain what’s happening and why.”

T Bathgate MBA
Broadthunder Accounting Limited