Top Ten Things to consider when choosing a new accountant
When new clients approach us, it is often because they are not happy with their existing accountant, or because they are a new business and don’t know how to select an appropriate one for them. Below is our…
Many businesses are unaware of invoice fraud risk
According to a survey by banking trade body UK Finance, more than four in ten businesses are unaware of the risks of invoice fraud, even though such scams cost firms almost £93m in 2018. The fraud happens when…
Pension contributions change from April 2019
Auto enrolment pension contribution rates will rise from April 2019. Currently, the minimum pension contributions to an auto enrolment pension scheme is 5% of qualifying earnings, with at least 2% of that coming from the employer. From 6th…
We are now Certified Receipt Bank Advisers!
We are happy to announce that we are now Certified Receipt Bank Advisers! Along with Xero, we have always been big fans of Receipt Bank and becoming Certified Advisers shows our ongoing commitment to helping our clients, existing…
What are the different VAT rates and what do they mean?
We are often asked what all the different VAT rates are and what they mean. Zero-rated is the same as Exempt, right? Wrong. Read our guide below to make sure you understand the difference between all the rates…
We are Certified Xero Advisors!
Once again, we have been made Certified Xero Advisors! Having first passed the tests over seven years ago and continued to so ever since, we have once again re-certified as Xero approved official Advisors. This means we are…
Less than 15% of businesses are ready for Making Tax Digital (MTD) and it’s less than six months away
With less than 6 months to go before Making Tax Digital (MTD) comes in to force, a House of Lords Sub-committee has been told that less than 15% of businesses are ready for it. From the 1st April…
Bizarre excuses for late filing of accounts
Companies House has released its list of most bizarre excuses that people have tried to use for not filing their company accounts on time. The rather unusual list of reasons companies gave for not filing their accounts is…
Rise in losses from staff fraud
According to RSM the amount that businesses have lost as a result of staff fraud has doubled in the past year. ActionFraud stated that businesses reported losses because of staff fraud of £40m in 2016-17, but that has…
What is Making Tax Digital (MTD) ?
What is Making Tax Digital (MTD)? Making Tax Digital, known as MTD, is a Government initiative to simplify the UK tax system and make the recording and reporting of taxes easier for businesses. It will require all businesses…