You can’t run your business effectively without financial scrutiny, predicting cash flow and any potential bumps in the road must be an integral part of your business planning. Xero recently announced two new features which will help you have greater insight, one word of warning though, predictions are only as good as the information entered […]
You have more than likely come across these during your career but might not be familiar with the term. Employment Related Securities (ERS) are away for a limited company to gift shares in the company to employees, including directors. All ERS schemes need to be registered with HMRC, even if they are one-time affairs, you […]
Under ‘Eat Out to Help Out’ the government are funding a 50% discount for diners eating in participating restaurants. It forms part of the economic recovery package now that coronavirus lockdown conditions are beginning to ease. The scheme discounts 50%, up to a maximum discount of £10 per person for children and adults, only available […]
Asset Management – if you don’t understand the term then you are more than likely paying too much tax! Many small businesses fail to maintain a fixed asset register, it’s difficult to trace fixed assets acquired throughout the year without one. Potential capital allowance claims could be missed which results in you paying more in […]
No one can deny the efficiency gains form digital accounting, MTD will continue to be rolled out in due course as HMRC knows it is the most efficient way to track and collect tax due. Keeping manual records or using outdated spreadsheets will be costing you time, manual records are prone to missing information and […]
A recent article in the Guardian highlighted that gender equality could be set back decades by the crisis. Across the globe, women earn less, save less, hold less secure jobs, are more likely to be employed in the informal sector and hardest-hit sectors such as hospitality. As homeworking became a necessity at the beginning of […]
Recently the chancellor announced a temporary cut in the VAT rate for certain types of businesses in the hospitality and tourism sector. The standard 20% rate is being reduced to 5% from 15 July 2020 until 12 January 2021. Xero has the capabilities to apply the changes, all you need to do is select the […]
Earlier in the year, I wrote about the implementation of the highly controversial IR35 legislation which of course was delayed until April 2021 due to the pandemic. A report by the House of Lords heavily criticizes the government: “IR35 is riddled with problems, unfairness and unintended consequences and has not worked for 20 years, according […]
According to a leaked document which appeared in the Financial times the UK Government could be looking to close a VAT loophole, currently thought to cost the UK in lost tax revenue between £1bn and £1.5bn in 2015/16. VAT fraud by online sellers occurs when goods are sold in the UK online but are deemed […]
As begin to return to the office after so many months working from home, how as business leaders do we support the transition and the mental health of our employees? The team at UNMIND have put together 6 Steps to Mentally Healthy Transitions, its free to download: https://resources.unmind.com/handbook-6-steps-to-a-mentally-healthy-transition “While going into lockdown forced us to […]
Manchester and Stockport, incuding Reddish, Didsbury, Sale,Cheadle Hulme, Heaton Moor, Heaton Chapel, Heaton Mersey, Denton, Droylsden, Hyde, Chorlton, Stretford, Altrincham, Hazel Grove, Heald Green, Handforth, Marple, Romiley, Bredbury, Woodley, Offerton, Gorton, Marple, Romiley, Bredbury.
Like us on facebook:
