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Spondoo

How to update your bank details with HMRC if you want your VAT refund paid directly into your bank account

For most businesses, it is rare to submit a VAT return that creates a refundable value from HMRC. Therefore, when this scenario does occur, many taxpayers do not have their bank details updated for HMRC to make the repayment This article explains how you can ensure HMRC has the correct bank details for processing your VAT refund.
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Wise Assets

We have looked at Wise's new features and on the face of it, everything looks pretty simple. It looks like they are avoiding complicated tax wrappers (like ISAs, or Pensions) as it seems to be closer to a General Investment Account (or GIA). For individuals, self-employed people as well as limited companies, it looks like it will work in a reasonably similar way. However, if you are going down the limited company route as an employee or director (contractors), you should be careful to ensure your account is set up correctly in line with your circumstances.
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How to deregister from Self-Assessment

When you are trading as a sole trader, or you are ending or leaving a business partnership, you must: Inform HM Revenue and Customs (HMRC) and deregister for self-assessment. Send a final tax return.
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Domestic VAT Reverse Charge- Building and Construction sector changes

Domestic VAT Reverse Charge (aka CIS Reverse Charge) is a piece of legislation that shifts the way the Construction Industry Scheme (CIS) & Value Added Tax (VAT) registered Contractors and Sub-Contractors handle and settle Value Added Tax. Under normal circumstances, a supplier that is registered for VAT simply charges the relevant amount on top of their normal taxable supplies. The responsibility for collecting and paying the VAT over to HMRC remains with the supplier.
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Share certificate- download free template

A share certificate is a formal certificate issued by a company to a shareholder to certify that they are registered shareowners in the company from a particular date. The Companies Act 2006 stipulates that a company must issue a share certificate when any shares are issued.
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Free invoicing software for small businesses - Zoho Invoice

Zoho Invoice is a free online invoicing software (with no ads, contract, or hidden fees) that helps you:
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Accountants for software developers and IT Contractors

Spondoo Accountants offers custom accounting and bookkeeping solutions to IT contractors and software developers across the United Kingdom. As licensed accountants with an in-house software development team; we have firsthand experience and expertise in UK tax law as it applies to IT and technology.
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What documents do you need to get your business account set up with Starling Bank?

You can easily open a Starling Bank business account regardless of whether you are a limited company or sole trader. To set up the account, you will only need documents that verify your identity and the nature of your business.
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Zoho Books - small business accounting software reviews

Zoho Books is online accounting software with features to rival any of the major global cloud accounting packages. The system allows users to manage finances and automate business workflows while working collectively across departments. It provides an exceptional choice of accounting packages for small businesses - offering an excellent user experience and a great set of tools at affordable prices.
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Information provided on the site is merely guidance that may change in line with UK law and regulations. Users must not consider this to be financial advice or their sole resource when making any financial decision. Spondoo is a trading name for Accounting SQL Limited, authorised & license accounting firm under the Institute of Financial Accountants.

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