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Latest Guidance For Employers

11th June 2019 | Written by In Accountancy | Categories : Business, HMRC, Pensions and Payroll
Latest Guidance For Employers

HMRC has issued the latest version of the Employer Bulletin. This April edition has articles on a number of issues including: Cash Allowances, Flexible Benefits Packages and Salary Sacrifice Unpaid work trials and the National Minimum Wage Diesel Supplement Company Car Tax Changes to meet Euro standard 6d Student Loans Construction Industry Scheme – helpful reminders for contractors and subcontractors Read the full article…


VAT Fuel Scale Charges

10th June 2019 | Written by In Accountancy | Categories : Budget, Business, HMRC, Limited Companies, Tax, VAT
VAT Fuel Scale Charges

HMRC has issued details of the updated VAT fuel scale charges which apply from the beginning of the next prescribed VAT accounting period starting on or after 1 May 2019. VAT registered businesses use the fuel scale charges to account for VAT on private use of road fuel purchased by the business. Please do get in touch for further advice Read the full article…


‘Flexible Extension’ To Article 50

7th June 2019 | Written by In Accountancy | Categories : Brexit, Business, HMRC, local interest, News
‘Flexible Extension’ To Article 50

Business groups, including the British Chambers of Commerce (BCC) and the Confederation of British Industry (CBI), have commented on the six-month ‘flexible’ extension of Article 50, granted to the UK by EU leaders. The extension potentially pushes ‘Brexit Day’, the day when the UK officially leaves the EU, to 31 October 2019. Reacting to the news, the BCC stated that Read the full article…


Money Laundering

5th June 2019 | Written by In Accountancy | Categories : Business, Client Focus, HMRC, Limited Companies, News
Money Laundering

HMRC has published a list of businesses that have not met their obligations under the Money Laundering Regulations. As a supervisor of the Money Laundering Regulations HMRC has a duty to publish details of businesses that have been penalised for not complying with the regulations. HMRC advises that it considers cases individually to decide whether to publish details in full, Read the full article…


Cashflow – How to speed up your Cash Conversion Cycle

20th May 2019 | Written by In Accountancy | Categories : Accounts, Budget, Business, CASH, Client Focus, Limited Companies, News, Tax
Cashflow – How to speed up your Cash Conversion Cycle

In the next in our series of articles on how to improve your cashflow we take a look at the cash conversion cycle and actions you might be able to take to shorten it. I think it’s safe to say that we all agree that turning what we do into good, hard cash as quickly and profitably as possible is Read the full article…


Greater Manchester Clean Air Zone Proposal

17th May 2019 | Written by In Accountancy | Categories : Business, CASH, Client Focus, local interest, Miscellaneous, News
Greater Manchester Clean Air Zone Proposal

The Greater Manchester Clean Air Proposal consultation is now open. You have the opportunity to have your say from now until midnight on Sunday 30 June 2019 here: https://cleanairgm.com/conversation and we would strongly encourage you to do so, as this proposal is likely to impact every household in the region, not just businesses using HGVs and vans. For full details Read the full article…


Cashflow – Mind Your Margins to Increase your Cashflow

14th May 2019 | Written by In Accountancy | Categories : Accounts, Budget, Business, CASH, Client Focus, Limited Companies, News, Tax
Cashflow – Mind Your Margins to Increase your Cashflow

In the next in our series of articles on how to improve your cashflow we take a look at margins, and how simply understanding them better, and focusing on them more regularly will have a knock on effect on improving your cashflow. Simply monitoring and understanding the margins in your business will ensure you ask better questions about your cashflow Read the full article…


Cash really is King – how to improve your cashflow

3rd May 2019 | Written by In Accountancy | Categories : Accounts, Budget, Business, CASH, Client Focus, Limited Companies, News, Tax
Cash really is King – how to improve your cashflow

We have been working with a number of clients recently around improving their cashflow. I continue to be surprised by the number of businesses out there who focus on growth above all else and forget the rule that Turnover is Vanity, Profit is Sanity, but cash is KING! And it’s such an important area of focus for any business, that Read the full article…


HMRC Wins Disguised Remuneration Avoidance Case

2nd May 2019 | Written by In Accountancy | Categories : Business, HMRC, Tax
HMRC Wins Disguised Remuneration Avoidance Case

HMRC has won a legal case over a contractor loan scheme endorsed by Hyrax Resourcing Ltd. As a result, HMRC will now be able to collect more than £40 million in unpaid taxes. The scheme in question was a disguised remuneration avoidance scheme, which paid users in loans, rather than salaries, to avoid paying income tax and national insurance contributions Read the full article…


Call for Tax on Social Media Businesses

30th April 2019 | Written by In Accountancy | Categories : Business, HMRC, Tax
Call for Tax on Social Media Businesses

A group of MPs has called on the government to tax the profits of social media businesses. The All Party Parliamentary Group (APPG) on Social Media and Young People’s Mental Health and Wellbeing recently published a report which outlined the impact of social media on the health of young people. The APPG has suggested creating a Social Media Health Alliance, Read the full article…