Most Recent
Input tax reclaims on Road Fuel
Through our VAT review services we come across many common errors. One in particular relates to input tax reclaims on road fuel. We have put together the following guidance to help clear up common misconceptions and errors. Reclaiming VAT on business fuel costs There...
Digital Autonomous Organisations
Crypto currencies are becoming more mainstream. Ethereum tokens and block chain technology can be used to execute smart contracts which are automated and which complete when a pre-defined set of criteria are satisfied. More recently, this has driven the development of...
Making Tax Digital Update – Income Tax
Making Tax Digital (MTD) for VAT has been with us since April 2019, with the extension to all VAT registered businesses from April 2022. The next roll-out will be the introduction of MTD for income tax which is scheduled to start in April 2024. The obligation to keep...
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XERO & OTHER TECH
What is my best bet for combating stagflation in 2022?
Post-pandemic supply chain bottlenecks, combined with rising energy prices and the economic effects of the war in Ukraine are seen as the main contributors to the current economic challenges. The rise in energy prices is already starting to impact the profit margins...
How can I improve my credit control with Xero?
Healthy credit control is vital for any business selling on payment terms. But how effective is your credit control function? Are you reviewing the age of invoices owed to you and tracking how often customers are paying late? Consistently late payments are a sign of...
How do I get started with Xero?
You've decided (or you are close to deciding) to make the switch to Xero. Xero helps our clients in all industries take control of their finances and use their numbers to make better decisions. It helps keep you organized and makes your accounting faster and easier....
VAT AND TAX
Input tax reclaims on Road Fuel
Through our VAT review services we come across many common errors. One in particular relates to input tax reclaims on road fuel. We have put together the following guidance to help clear up common misconceptions and errors. Reclaiming VAT on business fuel costs There...
Making Tax Digital Update – Income Tax
Making Tax Digital (MTD) for VAT has been with us since April 2019, with the extension to all VAT registered businesses from April 2022. The next roll-out will be the introduction of MTD for income tax which is scheduled to start in April 2024. The obligation to keep...
Making Tax Digital – What’s the new guidance for VAT
HMRC have issued new guidance on the penalties that they impose for non-compliance with the Making Tax Digital (MTD) for VAT rules. In particular, there is a penalty of up to £400 for every VAT return a business files without using ‘functional compatible software’. ...
BUSINESS ADVICE AND TIPS
Digital Autonomous Organisations
Crypto currencies are becoming more mainstream. Ethereum tokens and block chain technology can be used to execute smart contracts which are automated and which complete when a pre-defined set of criteria are satisfied. More recently, this has driven the development of...
4-day working week – Is this the future?
In June this year, 70 UK companies and over 3,000 workers began working a four-day week, with no reduction in pay. This is the biggest four-day working week pilot ever undertaken. How does it work? Participating firms from various industries including...
What role does compassion play in leadership?
Compassionate leadership combines management skills with empathy. Compassionate leaders are supportive, encouraging and are committed to improving the happiness of their team. All of this results in a more effective and engaged team. In today’s hybrid working...