Insights
Commentary and insight
What is the Domestic Reverse Charge (DRC) for VAT in construction?
The Domestic Reverse Charge (DRC) is a crucial VAT accounting measure that affects VAT registered business operating within the UK construction...
Understanding VAT: A guide for UK businesses
VAT registered businesses act as unpaid tax collectors for HMRC, tasked with accounting accurately for all tax they collect. The system is complex,...
Capital Gains Tax on chattels: what you need to know
When you dispose of valuable possessions – like antiques or jewellery – you might find yourself unexpectedly liable for Capital Gains Tax (CGT). At...
Riding with purpose – Tour de Four
Jonathan Staples has been a part of the Horsfield & Smith family for a long time. Starting in 1994, he spent over 30 years in the role of...
PSC Identity Verification: Stay Compliant with New Legislation – Client FAQ
Why is identity verification being introduced? Companies House is making changes under the Economic Crime and Corporate Transparency Act to improve...
How to improve your business cash flow
Cash is the oxygen that keeps your business alive. If you want to grow sustainably, it’s essential to improve business cash flow, not just chase...
Choosing the best accounting year end date
When launching or managing a limited company, one important yet often overlooked decision is selecting the right accounting year end date. It’s more...
Making Tax Digital Guide for UK Businesses
Making Tax Digital (MTD) is transforming how UK businesses and individuals manage and report taxes. Whether you’re a business owner, self-employed...
How to raise finance for business growth
At Horsfield & Smith, we’ve supported small businesses for over 100 years through every stage of their development. Whether you’re refining a...
