News

Budget Update

We are sure that there will be more news coming over the next few days, and we will keep you updated on developments, however, key takeaways from today’s budget are: Furlough extended to the end of September. Employees will continue to receive 80% of their normal salary, however companies will have to contribute 10% in…

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VAT reverse charge for CIS

The rather innocuous sounding “domestic reverse VAT charge for building and construction services” comes into force tomorrow (1st March 2021). If you are a VAT registered member of the CIS scheme, you may need to take action. Below are some basic guides for both contractors and subcontractors, but as with anything else, if you have…

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Award Winning Accountants!

We are delighted to announce that Baird Consulting has won “Best Bespoke SME Accountant (South East England)” at SME News Magazine’s Finance Awards 2020.   Bespoke is at the heart of everything we do, whether that is bookkeeping and accounts, a full outsourced finance function, a finance director, a company secretary, or business advice and…

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MTD for VAT is coming!

What is “Making Tax Digital”? Making Tax Digital (MTD) is a government initiative to modernise HMRC’s tax system, with the aim of making the whole process of administering tax simpler and more efficient.   How does MTD for VAT work? Tax returns will have to be submitted digitally via MTD-compliant software and all business-related transactions…

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