The government is extending VAT relief for small businesses to cover bad debts.
In a move that had long been advocated by tax advisers to the small business community, Gordon Brown said the “costly and time-consuming” VAT charge on bad debts would be abolished.
Small to medium sized enterprises will now be able to recover VAT on bad debts after six months, said the Chancellor.
Big Four firm Deloitte has announced its investment in blockchain start-up SETL as well as a partnership with VTC Group
Clients and business advisers can now connect to small businesses through a Facebook Messenger chatbot service, provided by Xero
It has been another glittering night in the accountancy calendar. A range of practices big and small, plus outstanding individuals, have been rewarded for their efforts in the British Accountancy Awards 2016
Making Tax Digital responses to the consultations expected in January 2017