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Using Slow Stock To Shift You Up A Gear

Phil Mullis

Phil Mullis

Slow selling stock is a problem for many retailers, as it ties up valuable funds. To keep cash flowing, maintain a healthy bank balance and ...

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Latest Press

Amersham accountancy firm announces new promotion

Leading UK accountancy firm, Wilkins Kennedy LLP, is delighted to announce the promotion of Anthony Seed to Service Charge Director at the Amersham office.

Anthony joined Wilkins Kennedy, in 2010 as Service Charge Manager.

He has 15 years of service charge experience, with a solid history working for a national property agent before joining Wilkins Kennedy to apply his skills in service charge, head rent and accounts reconciliation work.

Tax Dates

31 May 2015

Foreign Account Tax Compliance Act (FATCA) returns due (Calendar Year 2014)

1 June 2015

Small businesses to consider compulsory enrolment of staff in workplace pension

6 July 2015

Annual returns for 2014-15 employee share schemes to be filed by this date

WK Tax Factor

Prompt Payment Discounts

From 1st April 2015 VAT law in connection with prompt payment discounts is changing. The changes will not only affect those businesses that offer prompt payment discounts to customers but also those who receive invoices offering a prompt payment discount.

The current VAT legislation is relatively simple with the amount of VAT declared on the invoice as well as the amount of VAT the recipient of the supply can treat as input tax being calculated on the discounted price.

The amount of VAT does not change even if the prompt payment discount is not taken up by the customer.  - See more 

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