Salhan Accountants are delighted to announce the acquisition of M.D. McFerran & Co Ltd. We warmly welcome them to the Salhan team along with the clients they bring with them. M.D. McFerran & Co Ltd have spent many years serving small and medium sized businesses with a wide range of accounting services. We are greatly… Read more…

The Construction Industry Scheme or CIS is a UK based tax-deduction scheme, introduced by HMRC in 1971. The scheme was launched to combat the often-rampant tax evasion in the construction industry. The CIS concerns payments from contractors to sub-contactors but only if the sub-contractor is self-employed. The idea behind the scheme is that tax is… Read more…

As the name suggests, cashflow refers to the movement of money in and out of a business. The goal is to ensure that what is coming in, exceeds what’s going out, or at the very least equals it. Incomings include sales, credit and investment, whereas outgoings refer to the overall cost of running the company.… Read more…

Whether you’re self-employed or own a limited company, taxes are necessary for every business. However, the process can be complex and stressful, particularly for those who are just starting out. One of the more intimidating aspects of taxation is the potential for a compliance check from HMRC. Compliance checks are investigations, which can be triggered… Read more…

Owning your own business can offer unique advantages and freedoms but also a greater degree of responsibility. One of the main responsibilities that business owners face is taxation. Paying the correct taxes, in full and on time is necessary in order to comply with the law. However, the tax system can be complicated, particularly for… Read more…

We are very proud to announce that we are celebrating our 20th Birthday on 7th October 2022! From the very beginning it has been our vision to serve other businesses, by offering our expertise to help them flourish. Along the way it has been a great satisfaction to work with our clients, to watch them… Read more…

Chancellor reveals his plan for growth The week leading up to Chancellor Kwasi Kwarteng’s ‘Mini Budget’ may have been a short one due to the Queen’s funeral but the new government managed to fill it with a stream of policy announcements. Before Mr Kwarteng stood up to make his statement on ‘The Growth Plan’ much… Read more…

Every UK business owner will be familiar with HMRC and the often-stressful taxation process. Many believe that this system is too stringent and complicated but HMRC would argue that this is for an important reason – to prevent fraud. The vast majority of businesses will pay their taxes on time and without any problems but… Read more…

When choosing a business premises, there are so many factors to consider, many of which can be extremely important for long-term success. A business premises isn’t just a hub for the day to day running of the company, it’s also one big advertisement. Your place of work is often the first impression that you make… Read more…

VAT or value added tax is a form of taxation that is added to a product or service, at each point of sale. For example, when purchasing raw materials, when purchasing processed goods and finally at the point of sale to the customer, VAT is added. As the name suggests, this is a sales tax… Read more…