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Top Service News

HMRC extends date to complete tax self-assessment by a month

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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

Insolvency

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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 urge companies to file accounts early

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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

Response to National Insolvency Report September 2020

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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

Top Service Tips: How to support and protect your business

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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

Coronavirus (COVID-19): letter to the construction sector

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We aim to keep our members and the wider construction industry abreast with news and updates affecting our sector during these difficult times. On 31st March 2020 the Rt Hon Alok Sharma MP wrote a letter of thanks to the construction industry for the national support effort the industry is providing. “Whether by building temporary […]… Continue Reading

Are you claiming what you are entitled to?

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Each year, construction businesses write-off thousands of pounds because of bad debt caused by late and non-payment. So, how do you mitigate the risks associated with bad debt and are you claiming everything you are entitled to? Emma Miller, Company Director for Top Service has the following advice; “As cases of coronavirus (COVID-19) increase throughout […]… Continue Reading