Sole traders often struggle to achieve success – we can help!
Taking the leap into self-employment is a popular step for many entrepreneurial people, but the realities of running your own business can be hard. The Institute for Fiscal Studies, an economic research organisation specialising in UK taxation, ran a study that has discovered: “most people who try self-employment fail quickly and very few go on to employ others or create significant ventures.” Despite the gloomy statistics, between 2000 and 2015, the number of self-employed sole traders rose by 1.4 million…
VAT: reverse charge for construction services
Are you CIS and VAT registered? If so, read on… From 1st October, the government is introducing the “VAT Domestic Reverse Charge” (also known simply as “Reverse Charge”) for businesses involved in building and construction services. What is the Reverse Charge? The Reverse Charge is a way of passing responsibility for the reporting and paying of a VAT transaction from the seller to the buyer of goods or services. So, instead of the seller paying the VAT, the buyer takes responsibility for it. Why…
Why you need to protect yourself from an HMRC investigation
A tax investgation is a nasty business. It’s stressful, time consuming and usually very expensive. And it could easily happen to you. It happened to one of our clients, but luckily, he’d taken out our Tax Investigation Protection. 18 months of stress and a £20k tax bill?? In a nutshell, our client received what seemed at first a simple enquiry from HMRC, beginning with just a few questions. This enquiry then turned into the tax inspector looking at the IR35…
Liable Not Liable: The HMRC concession that not a lot of people know about
As Michael Caine famously said, “Not a lot of people know that.” As it turns out, he didn’t say that at all – comedian Peter Sellers actually coined the phrase. With regard to this interesting tax concession, what a lot of people don’t know is that if you are penalised for registering late for VAT, you could benefit from an undocumented VAT concession which may reduce your penalty. For example, you may be aiming to stay below the VAT threshold,…
Two more awards up for grabs
Many clients have come to us following a Google search for award-winning accountants. With a stream of prestigious trophies under our belts we're certainly that, so it's no surprise that savvy business owners seeking an accounting team with a proven track record have called upon us to help solve their accounting issues. We reported recently that we were proud to have been named as finalists in two categories of the Accounting Excellence Awards. We're now over the moon to tell…
Are you too busy to be cool?
We have always promoted the concept of helping our clients to work fewer hours yet gain higher profits; our strategic business department specialises in doing exactly that. So when Emma Gannon wrote such a superb article in the Sunday Times about productivity, perceptions of 'busy-ness' and flexible working, we thought we'd share it with you... Once upon a time, overloading yourself with busyness, by choice, was the ultimate status symbol. Working 24/7 and losing hair over your start-up’s accelerated…
A more exciting website
In celebration on our 18th birthday we’ve updated our website. Our new site is more interactive, more informing and more user-friendly than before! It’s easier to navigate and more fun than a typical accountancy site. We hope you find it useful, and we’d love to hear what you think of it! Click here to tell us what you think
Refer a friend and earn up to £1000!
This year we come of age! Nordens has been trading for 18 years! It’s been an incredible ride so far, and we’d like to take this opportunity to thank our clients, suppliers, colleagues and associates for sharing our ‘formative years’ and helping to make Nordens the success it is! From the tiny one-man-and-a-dog business that Mark Norden created in 2001, we’re proud to have grown into the multi-award winning, highly respected firm that now employs 65 people. And we’re even…
Proud to be an Accounting Excellence Finalist!
We are delighted to announce that we've been shortlisted for the Accounting Excellence Award for 'Medium-sized Firm of the Year 2019.' This means that we've been recognised as being one of the Top Five accountancy practices in the UK for a firm of our size. The team at Accounting Excellence say: "After a rigorous judging process, this year's judges have selected the Top 5 firms across each category that have really stood out with their excellent success stories." Here at…
