More ramblings from John Forbes on a sunny afternoon in our Great Dunmow office in the heart of Essex.

Finally we completed the lease on our new Dunmow offices and moved some furniture in. Fingers crossed BT are ready for our move on 22 August.

Been spending time looking at tax planning again and interestingly at the VAT flat rate scheme which is showing savings for a  number of clients – even on my own SIPP I can make nearly £900 out of thin air for doing nothing but use the flat rate VAT scheme – which is fine whilst it only holds property – need to watch out if it does other things!

Lot of client discussion around IR35 in the past week – as always trying to negotiate a distillation of the inherently simple into answers to clients’ inherently convoluted questions – as always it would be lovely to tell them what they want to hear – as always, life ain’t that simple. There are a lot of contractors in Essex and Stantsted is a great route straight in the City so the number of enquiries and clients in this area is always on the up, especially in the current
climate. Unfortunately they all understand  the tax savings straightaway,  but not the tax costs that go with it, nor the pitfalls and rules that need to be complied with to make the savings!

For more help and advice on IR35 and other tax planning issues, please do not hesitate to contact us at Forbes Accountants.

 John,

www.forbesca.co.uk