Latest blogs for Business Support

1st June 2018 Fraud

Fraud is a gigantic area which I would never be able to discuss fully in one blog however, after a recent run-in with a fake HMRC line; I did want to make you aware of a few key things to look out for or to be aware of when dealing with possible fraud. It’s important…

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23rd May 2018 HMRC advisory fuel rates for company car users from 1 June

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 June 2018 reflecting the upward trend in forecourt fuel prices for higher emission cars  These rates apply from 1 June 2018 and have increased slightly on the previous quarter rates, for petrol cars with engine of 1400cc or more…

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5th April 2018 Reclaiming VAT: Checking the validity of your supplier invoices.

  VAT registered businesses will be aware that they can only reclaim VAT on business purchases if they have a valid VAT invoice.   For supplies over £250, this invoice should disclose: Supplier: sales invoice unique sequential invoice number, name, address and VAT number. Date and tax point, if different Your name and address Description…

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9th March 2018 Quickbooks Connect

  The “Beast from the East” didn’t stop Accountants, the Self-Employed, Developers and Small businesses as they attended QuickBooks Connect London on 27th and 28th February. Attendees from all over the world had gathered to develop the knowledge in QuickBooks online, meet QuickBooks Add-on Exhibitors, hear from featured speakers who were specialists in their industry…

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8th February 2018 Sage for VAT Returns: Beware changes to Government Gateway

  Businesses that use Sage accounting software to complete and e-submit their VAT returns should be aware of a change to the Government Gateway on 14 February 2018. If you run an older version of this software (version 23 or below), it will no longer be compatible and hence VAT returns will not automatically e-submit…

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4th January 2018 Directors’ responsibilities

  Limited company directors and secretaries are collectively referred to as ‘officers’. Directors are appointed by members (shareholders and guarantors) to run and manage the day-to-day operations of the business. Secretaries are optional for private companies, but not public companies. They are usually appointed to assist directors with important administrative tasks. An Overview Company directors…

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4th January 2018 EU competition infringements by European truck manufacturers

  The European Commission imposed fines of €3.4 billion in July 2016 and September 2017 following findings that a number of manufacturers were party to a cartel at senior management level from 1997-2001. Breakdowns of the fines for the companies involved were as follows: Daimler/Mercedes – €1 billion Scania – €880 million DAF – €752…

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24th November 2017 Autumn Budget – Property taxes

SDLT for First time buyers – The government has introduced a new relief from SDLT for first-time buyers (in England, Wales and Northern Ireland) for all transactions with an effective date on or after 22 November 2017. The relief works as follows: £300,000 or less: no SDLT payable £300,001 and £500,000: no SDLT on the…

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14th November 2017 New to business? Beware of payments on account!

  When setting up in business you will be fully aware that you will have tax to pay on your profits, and you will ideally be putting money aside to cover this. What you might not be aware of is that you may have to pay two years’ worth of tax in just six months.…

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10th November 2017 Changes to Large Company Research & Development relief

  The Research and Development Expenditure Credit (RDEC) has now replaced the large company R&D scheme. This credit is mandatory for accounting periods ended 31 March 2017, and we are now seeing the implications of claiming the new relief. The credit applies to large companies, and SME’s who claim under the large company scheme, for…

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