Bluewater Accountants

We’re excited to announce that Aiysha Iqbal has joined us as a Finance Partner! 🎉

Aiysha brings over 8 years of experience in management accounting, process improvement, and financial systems transformation, making her a fantastic addition to the team.

In her previous roles, Aiysha has successfully:
✅ Streamlined financial operations
✅ Reduced month-end processing times
✅ Led the transition of finance functions with seamless precision

Now, she’s bringing her expertise to the world of accountancy practice, becoming a key part of our Virtual Finance Office (VFO) team.

🔑 What Aiysha Will Be Doing:
- Helping clients set up and optimise finance systems tailored to their business needs

- Overseeing bookkeeping, management accounts, cash flows, and VAT compliance with a sharp focus on accuracy

- Delivering a full outsourced finance function experience, empowering clients in the construction sector to grow their businesses without the overhead cost of in-house finance teams

Aiysha’s technical know-how and industry experience will help our clients streamline their finance functions and adopt smarter systems.

We’re thrilled to have Aiysha on board and can’t wait to see the positive impact she’ll have on our clients and the continued growth of our VFO services.

Please join us in giving Aiysha a warm welcome to Bluewater Accountants 👏🎉

The Autumn Budget 2024 is here, and it’s one of the most impactful yet for property investors and construction businesses. With a staggering £40 billion in tax increases and major shifts across Stamp Duty, Capital Gains, and Inheritance Tax, Chancellor Rachel Reeves is calling on the “broadest shoulders” to contribute more.

So, what does this mean for you? These changes are set to bring both challenges and opportunities – but navigating them will require careful planning.

In our latest blog, we unpack the details that matter most to property and construction professionals, including:

1. The unexpected 2% SDLT surcharge increase taking effect immediately

2. New CGT and BADR rates that could impact future investments

3. Significant reforms for business and estate planning

👇 Click the link in the comments to read the full article

Introducing our new Apprentice!!

Welcome to Bluewater Accountants, Abdussalam! 🥳

Abdussalam is 16 years old and will be doing his AAT Level 2 Certificate in Bookkeeping training and in a couple of weeks he will start working on client work and helping our clients manage their business finances. 😄

Abdussalam loves to:

• Cook 👨‍🍳
• Reading 📚 “Lord of the Rings” books are his favorite
• Playing video games, especially Minecraft 🎮

Today our thoughts are with the Royal Family on the death of Queen Elizabeth II

❗❗ Key dates for September 2022 to remember! 👇

❗❗ Key dates for August 2022 to remember! 👇

Are you affected by the VAT Domestic reverse charge?

Last year, HMRC brought in the domestic reverse charge for VAT within the construction industry.

Based on our discussion with business owners there is still confusion on how the domestic reverse charge works and how subcontractors should be invoicing for VAT on their services.

In this weeks blog, we discuss VAT Domestic Reverse Charge, who it applies to, the cashflow implications and what you should include on your invoices.

P.S. If the VAT Domestic Reverse Charge does not affect you, but you know someone who it may affect, then feel free to share this post with them.

Link to the blog in the comments below 👇

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Are you aware of how much directors’ salary you should take?

Do you know what considerations you should take into account to determine how much salary you should declare or take from your company?

In our blog this week, we run through the main three considerations that may impact the amount of salary you can take, what the optimum director salary would be for 2022/23 tax year as well as the tax consequences for companies.

Click on the link to read more….

How much directors' salary should I take? - Bluewater There are many different considerations which may impact the amount of salary you take from your company, the main ones being:

❗❗Key dates for July 2022 to remember! 👇