Changes afoot for your VAT liabilities

Changes afoot for your VAT liabilities

If you run a professional practice with a turnover of more than £85,000, you must be registered for VAT and make returns, together with the appropriate payments of the tax to HM Revenue & Customs (HMRC) every three months. But sweeping changes are afoot,...
The flat rate VAT and solicitors

The flat rate VAT and solicitors

The UK joined the European Economic Community – forerunner of the EU – on the 1st of January 1973. One of the results of that decision was to replace Purchase Tax with a European invention, Value Added Tax (VAT). In the UK, the initial standard rate of VAT...
Barrister Loans

Barrister Loans

As the website Law Careers puts it, becoming a barrister is a high-risk and very expensive project. On top of the already high costs of studying and paying for a university degree, there are also the costs of obtaining a Graduate Diploma in Law (GDL) – with...
Does your law firm need a loan?

Does your law firm need a loan?

Why do lawyers need loans? The reasons are many and varied, so it may be worth reviewing how solicitors typically fund the legal services they offer. Funding In many respects – whether your firm is structured as a partnership or a limited liability company and...
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