We started in an old damp building with one typewriter, one photocopier, one landline phone and a fax machine in 1991, at the height of a recession. Telephoning the office when out on the road involved finding a working phonebox and having plenty of change! In those days most businesses paid either by cash or cheque […]… Continue Reading
From today (1 March 2021) the domestic VAT reverse charge must be used for most supplies of building and construction services. The charge applies to standard and reduced-rate VAT services: for individuals or businesses who are registered for VAT in the UK reported within the Construction Industry Scheme What is the VAT Domestic Reverse Charge for Building […]… Continue Reading
Today (26th February 2021) Top Service Ltd marks 30 years of trading in support of the construction industry. Redditch based firm, Top Service is the ‘only credit reference and debt collection agency’ aimed specifically for the construction sector. Founders Lisa Cardus and Kevin Halligan started the company in 1991 with one mission to become ‘the […]… Continue Reading
We provide Insolvency Practitioners with a tailored end to end Post-Insolvency Debt Collection Service. We provide our service in collaboration with Silverback Commercial Law who offer competitive rates if legal action is required to recover monies owed.… Continue Reading
HM Revenue & Customs has extended the 2019-2020 tax self-assessment deadline by a month, until 28 February to further support businesses and individuals facing difficulties as a result of the pandemic. The official deadline for completing a self-assessment tax return remains Sunday 31 January, after which a £100 late filing penalty would be automatically imposed. […]… Continue Reading
This week (19 January) the government has announced ‘an overhaul of the Prompt Payment Code (PPC) to crack down on delayed invoices owed to small businesses. Under new reforms, companies that have signed up to the Prompt Payment Code will be obliged to pay small businesses within 30 days – half the time outlined in […]… Continue Reading
Government announce three-month extension to issuing statutory demands and winding up petitions This week (9 December) the Government has announced that the temporary restrictions placed on issuing statutory demands and winding up petitions has been extended to 31st March 20211 in order to relieve pressure being placed on businesses dealing with coronavirus. To help protect […]… Continue Reading
Companies House has called for company directors and accountants to file their annual accounts promptly to enable more time for the processing of accounts filed on paper for the 2019/20 financial year. In a press statement issued by Companies House (19 Nov 2020) companies throughout the UK are being urged ‘not to leave filing […]… Continue Reading
The construction industry is always vulnerable in times of economic crisis and features high in the table of statistics for insolvency. However, new statistics on company and individual insolvencies in England and Wales for September have been released (14 Oct 2020) and the overall number of insolvencies is reported to be low in September 2020 […]… Continue Reading
During these challenging times we urge our members and the wider construction industry to protect their businesses by actively monitoring trading experiences and acting upon early warning signs. Don’t wait for the information to come to you, use an industry specific service that can spot changes in payment patterns resulting in regular, more in-depth and up […]… Continue Reading
