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Please see below for a range of useful blog posts, resources and latest news stories which may be of interest to you.

Latest News

6 Apr 2018

Income tax changes from 6 April 2018

Posted by - Sarah Grandison

The personal allowance for 2018/19 is £11,850. However, some individuals do not benefit from the full personal allowance. There is a reduct...

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5 Apr 2018

Update for employers and their employees

Posted by - Jamie Skelding

HMRC’s latest Employer Bulletin includes useful updates for employers as we approach the start on the new tax year on 6 April 2018.The Bul...

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5 Apr 2018

Dividend allowances reduced to £2,000

Posted by - Kevin Johns

In 2017/18 the first £5,000 of dividends were chargeable to tax at 0% (the Dividend Allowance). From 6 April 2018 the Dividend Allowance is...

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4 Apr 2018

Employer-Supported Childcare gets a reprieve

Posted by - Kevin Johns

Many employers help employees with childcare costs, often by providing childcare vouchers by way of salary sacrifice. Following the roll out...

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4 Apr 2018

GDPR

Posted by - Kevin Johns

New data protection rules from General Data Protection Regulation (GDPR) will replace the Data Protection Act in the UK from 25 May 2018.GD...

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3 Apr 2018

Spring Statement announces consultations

Posted by - Sarah Grandison

Chancellor Philip Hammond delivered his Spring Statement on Tuesday 13 March 2018. In his speech, the Chancellor announced consultations wou...

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3 Apr 2018

Making Tax Digital for VAT from April 2019

Posted by - Sarah Grandison

The regulations to bring into force Making Tax Digital for VAT (MTDfV) are now law, and digital VAT returns will be required from 1 April 20...

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2 Apr 2018

Welsh Land Transaction Tax introduced

Posted by - Sarah Grandison

From 1 April 2018, Land Transaction Tax (LTT) will replace Stamp Duty Land Tax (SDLT). LTT will be collected by the Welsh Revenue Authority ...

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21 Mar 2018

Minimum pension contributions will soon be increasing - It's time for you to take action

Posted by - Kerrie Given

The minimum pension contribution rates for eligible workers are increasing in April. If you haven’t already, it’s time to take action an...

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7 Mar 2018

Pension Auto Enrolment reaches a million employers

Posted by - Kevin Johns

The Pensions Regulator has announced that the number of employers meeting their workplace pension duties has reached one million and that st...

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6 Mar 2018

Minimum Wage increases

Posted by - Kevin Johns

The National Minimum Wage (NMW) and National Living Wage (NLW) are the legal minimum wage rates that must be paid to employees. Employers ar...

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5 Mar 2018

Year end tax planning

Posted by - Morgan Davies

With the end of the tax year looming there is still time to save tax for 2017/18. We have set out some points you may want to consider.Make ...

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5 Mar 2018

Scotland's five income tax bands and tax relief for pensions

Posted by - Sarah Grandison

Following the announcement of new income tax rates for Scottish taxpayers for 2018/19, the government is looking at ways of addressing the i...

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2 Mar 2018

Advisory fuel rates for company cars

Posted by - Kevin Johns

New company car advisory fuel rates have been published which take effect from 1 March 2018. The guidance states: ‘You can use the previou...

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1 Mar 2018

Tribunal rules BBC journalist is caught by 'IR35' legislation

Posted by - Sarah Grandison

A First Tier Tribunal has ruled that Christa Ackroyd who presented BBC news programme Look North and was paid via a personal service company...

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21 Feb 2018

What will the Spring Statement bring?

Posted by - Kevin Johns

We had two Budgets in 2017 and the Spring Statement is planned for Tuesday 13 March. The Chancellor Philip Hammond has previously stated tha...

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15 Feb 2018

Updated list of professional subscriptions

Posted by - Sarah Grandison

Employees are allowed to claim tax relief on their annual professional fees or subscriptions to some HMRC approved professional organisation...

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14 Feb 2018

HMRC halts thousands of scam text messages

Posted by - Kevin Johns

HMRC have announced that they have stopped thousands of taxpayers from receiving scam text messages ‘with 90 percent of the most convincin...

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12 Feb 2018

HMRC reject Self Assessment expenses and excuses

Posted by - Sarah Grandison

HMRC have released the latest list of imaginative excuses made by individuals who failed to submit their self assessment return by 31 Januar...

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12 Feb 2018

Tax-free childcare roll out

Posted by - Sarah Grandison

The implementation of Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare, is being rolled out ...

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26 Jan 2018

Quarterly Economic Survey

Posted by - Kevin Johns

An optional summary The Chamber of commerce acts as a voice for the local business community and on a quarterly basis conducts a survey to provide

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16 Jan 2018

Relaxed dress code trial for Prime

Posted by - Morgan Davies

The Chamber of commerce acts as a voice for the local business community and on a quarterly basis conducts a survey to provide members the o...

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Blog

19 Apr 2018

Mental health and stress

Posted by - Kevin Johns

At Solihull Chamber we hold networking events throughout the year which give us the opportunity to chat to our neighbouring businesses and r...

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18 Apr 2018

Prime Plastic to Paper

Posted by - Kevin Johns

The level of plastic waste is headline news and more companies are making changes to live in a more environmentally friendly manner.  Prime...

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22 Mar 2018

MIPIM development

Posted by - Kevin Johns

I am so proud to be living and working in Solihull when I read of the fantastic new plans for growth and development. The town centre’s ma...

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15 Mar 2018

Meetings

Posted by - Kevin Johns

Much of my week seems to be spent attending meetings of one sort or another. Research from Deliveroo for Business has revealed British emplo...

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9 Mar 2018

Prime Accountants Group has rebranded!

Posted by - Morgan Davies

A new fresh look but the same quality service that our clients and contacts expect from us. Or, as we like to think, an evolution rather tha...

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8 Mar 2018

Skills and education

Posted by - Kevin Johns

As an organisation representing businesses in the corridors of power Solihull Chamber of Commerce needs to know what problems companies are ...

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22 Feb 2018

Cyclone24

Posted by - Jonathan Stobart

As part of our continued effort to raise money for our two nominated charities, Zoe’s Place in Coventry and SoLO in Solihull, we like to t...

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15 Feb 2018

Prime's award winning employees

Posted by - Jamie Skelding

We are delighted to announce that at Coventry and Warwickshire First’s Young Professionals awards dinner on Friday 26th January two Prime ...

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14 Feb 2018

Prime Director presented Keynote speech at international conference

Posted by - Jonathan Stobart

Prime’s head of Forensic Accounting, Adrian Pym, was invited to present a paper at the Four Jurisdictions Family Law Conference 2018, held...

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Videos

15 Feb 2018

Branding video

Posted by - Jonathan Stobart

6 Feb 2018

Prime Charity Firewalk

Posted by - Kevin Johns

Resources

17 Apr 2018

Age discrimination

Posted by - Kevin Johns

The Equality Act 2010 replaces all previous equality legislation, including the Employment Equality (Age) Regulations 2006. The Equality Act covers age, disability, gender reassignment, race, religion or belief, sex, sexual orientation, marriage and civil partnership and pregnancy and maternity. These are now called 'protect characteristics'.

17 Apr 2018

Agency workers regulations

Posted by - Kevin Johns

Regulations which took effect from 1 October 2011 mean that workers supplied to a company, or to any other entity, by an agency will become entitled to receive pay and basic working conditions equivalent to any directly employed employees after a 12 week qualifying period.

17 Apr 2018

Annual Leave

Posted by - Kevin Johns

Under the Working Time Regulations 1998 (as amended), workers are entitled to paid statutory annual leave of 5.6 weeks (28 days if the employee works five days a week). This basic entitlement is inclusive of bank holidays. This annual leave entitlement is now closer to that of workers in other European countries, where holiday allowance is typically more generous. Workers in Ireland are entitled to 29 days; the highest minimum entitlement is in Austria at 38 days.

17 Apr 2018

Bribery Act 2010

Posted by - Kevin Johns

The Bribery Act 2010 (the Act) applies across the UK and all businesses need to be aware of it's requirements. The Act includes a 'corporate' offence of 'failure of commercial organisations to prevent bribery'.

17 Apr 2018

Business Motoring - Tax Aspects

Posted by - Sarah Grandison

This factsheet focuses on the current tax position of business motoring, a core consideration of many business. The aim is to provide a clear explanation of the tax deductions available on different types of vehicle expenditure in a variety of business scenarios.

17 Apr 2018

Business structures - Which should I use?

Posted by - Kevin Johns

Having made the decision to be your own boss, it is important to decide the best legal and taxation structure for your enterprise. The most suitable structure for you will depend on your personal situation and your future plans. The decision you make will have repercussions on the way you are taxed, your exposure to creditors and other matters.

17 Apr 2018

Capital allowances

Posted by - Sarah Grandison

The cost of purchasing capital equipment in a business is not a revenue tax deductible expense. However tax relief is available on certain capital expenditure in the form of capital allowances.

17 Apr 2018

Capital gains tax

Posted by - Sarah Grandison

A capital gain arises when certain capital (or 'chargeable') assets are sold at a profit. The gain is the sale proceeds (net of selling costs) less the purchase price (including acquisition costs).

17 Apr 2018

Capital gains tax and the family home

Posted by - Sarah Grandison

The capital gains tax (CGT) exemption for gains made on the sale of your home is one of the most valuable reliefs from which many people benefit during their lifetime. The relief is well known: CGT exemption whatever the level of the capital gain on the sale of any property that has been your main residence. In this factsheet we look at the operation of the relief and consider factors that may cause it to be restricted

17 Apr 2018

Cars for employees

Posted by - Sarah Grandison

The current regime for taxing employer provided cars (commonly referred to as company cars)

17 Apr 2018

Charities in Scotland trustees responsibilities

Posted by - Mike Jellicoe

It is often considered and honour to act as a trustee for a charity and an opportunity to give something back to the community. However, becoming a trustee involves a certain commitment and level of responsibility which should not be underestimated.

17 Apr 2018

Charities: Trustees' responsibilities

Posted by - Mike Jellicoe

Whether you are already a trustee for a charity, be it a local project or a household name, or are thinking of becoming involved, there are a number of responsibilities that being a trustee places upon you.

17 Apr 2018

Child benefit charge

Posted by - Sarah Grandison

The High Income Child Benefit charge applies to a taxpayer who has income over £50,000 in a tax year where either they or their partner, if they have one, are in receipt of Child Benefit for the year.

17 Apr 2018

Community amateur sport clubs

Posted by - Sarah Grandison

Local amateur sports clubs may wish to register with HMRC as Community Amateur Sports Clubs (CASCs) and benefit from a range of tax reliefs including Gift Aid. This factsheet considers the tax benefits and the registration requirements that clubs have to satisfy.

17 Apr 2018

Companies - Tax saving opportunities

Posted by - Sarah Grandison

Due to the ever changing tax legislation and commercial factors affecting your company, it is advisable to carry out an annual review of your company's tax position.

17 Apr 2018

Company secretarial duties

Posted by - Kevin Johns

Company legislation provides an opportunity for a business organisation to benefit from the protection of limited liability, separating the legal persona of the organisation from the individuals who own and run it.

17 Apr 2018

Corporation tax - Quarterly instalment payments

Posted by - Sarah Grandison

Under corporation tax self assessment large companies are required to pay their corporation tax in four quarterly instalment payments. These payments are based on the company's estimate of its current year tax liability.

17 Apr 2018

Corporation tax self assessment

Posted by - Sarah Grandison

Every year, HMRC issue a notice to file to companies. In most cases, the return must be submitted to HMRC within 12 months of the end of the accounting year.

17 Apr 2018

Data security - General data protection regulation

Posted by - Laurence Moore

The new GDPR will require all organisations that deal with individuals living in an EU member state to protect the personal information belonging to those individuals and to have verified proof of such protection. Failure to comply with the new regulation will result in significant fines.

17 Apr 2018

Data security - General data protection regulation preparation

Posted by - Laurence Moore

Whilst there are similarities between the Data Protection Act and the GDPR, there are some new and different requirements that all businesses need to be aware of, and act on, before May 2018. This factsheet will help you consider how to prepare for the implementation of the regulations.

17 Apr 2018

Dismissal procedures

Posted by - Kevin Johns

There have been many changes to employment law and regulations in the last few years. A key area is the freedom or lack of freedom to dismiss and employee.

17 Apr 2018

Employer support childcare

Posted by - Sarah Grandison

Employer supported childcare, commonly by way of childcare voucher, is for many employers and employees a tax and national insurance efficient perk. We consider the implications of this type of benefit on the employer and employee.

17 Apr 2018

Employment benefits

Posted by - Jamie Skelding

In this factsheet, we give guidance on some of the main benefit in kind rules and indicate some common types of benefits.

17 Apr 2018

Franchising

Posted by - Kevin Johns

Franchising is becoming increasingly popular in Britain with an annual turnover of around £15.1 billion in 2015, up 10% on the figure from the previous survey two years ago. The business community now takes franchising very seriously and it is accepted across a range of sectors.

17 Apr 2018

Fraud and how to stop it - Ten step guide

Posted by - Laurence Moore

Major corporate frauds and collapses hit the headlines from time to time and many of these were high profile and the amounts involved quite spectacular.

17 Apr 2018

Incorporation

Posted by - Sarah Grandison

The issue of whether to run your business as a company or a sole trader or partnership is an important one. In this factsheet, we summarise the potential tax savings available from operating as a company.

17 Apr 2018

Individual savings accounts

Posted by - Glen Callow

Successive governments, concerned at the relatively low level of savings in the UK economy have over the years introduced various means by which individuals can save through a tax-free environment.

17 Apr 2018

Inheritance tax - A summary

Posted by - Sarah Grandison

Inheritance tax (IHT) is levied on a person's estate when they die, and certain gifts made during an individual's lifetime.

17 Apr 2018

Insuring your business

Posted by - Kevin Johns

When starting a new business, you will no doubt recognise the need for insurance. It can provide compensation and peace of mind should things go wrong but can also represent a significant cost.

17 Apr 2018

IR35 personal service companies

Posted by - Sarah Grandison

The 'IR35' rules are designed to prevent the avoidance of tax and national insurance contributions (NICs) through the use of personal service companies and partnerships.

17 Apr 2018

Land and Building Transaction Tax

Posted by - Sarah Grandison

Land and Buildings Transaction Tax (LBTT) is payable by the purchaser in a land transaction which occurs in Scotland. These types of transaction would include a simple conveyance of land such as buying a house but also creating a lease or assigning a lease.

17 Apr 2018

Limited Liability Partnerships

Posted by - Morgan Davies

The Key advantage of a LLP compared with a traditional partnership is that the members of the LLP (it is very important that they should not be called partners but members) are able to limit their personal liability if something goes wrong with the business, in much the same way as shareholders in a company have always been able to do.

17 Apr 2018

Managing absence

Posted by - Kevin Johns

Recent surveys indicate that the adverse impact of absence on business profitability today is significant, with thousands of man hours lost every day.

17 Apr 2018

Micro entity accounting

Posted by - Morgan Davies

In recent years many companies have been preparing and filing 'small company accounts' under a Financial Reporting Standard for Small Entities (FRSSE).

17 Apr 2018

Money laundering and the proceeds of crime

Posted by - Laurence Moore

There are tough rules to crack down on money laundering and the proceeds of crime. these rules affect a wide range of people and we consider how your organisation may be affected.

17 Apr 2018

Money laundering - High value dealers

Posted by - Laurence Moore

The Money Laundering Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the Regulations) apply to a number of different businesses which include (amongst others) accountants and auditors, tax advisers and dealers in high value goods.

17 Apr 2018

National Insurance

Posted by - Jamie Skelding

National insurance contributions (NICs) are essentially a tax on earned income. The NICs regime divides income into different classes: Class 1 contributions are payable on earnings from employment, while the profits of the self-employed are liable to Class 2 and Class 4 contributions.

17 Apr 2018

National Minimum Wage

Posted by - Jamie Skelding

The National Minimum Wage (NMW) and National Living Wage (NLW) are the legal minimum wage rates that must be paid to employees.

17 Apr 2018

Non-Domicile individuals

Posted by - Sarah Grandison

This factsheet sets out the rules which deal with the taxation in the UK of income arising outside the UK, for non UK domicile individuals.

17 Apr 2018

Pension - Automatic enrolment

Posted by - Jamie Skelding

Automatic enrolment places duties on employers to automatically enrol 'workers' into a work based pension scheme.

17 Apr 2018

Pensions - Tax Reliefs

Posted by - Glen Callow

A Workplace pension scheme may either be a defined benefit scheme or a money purchase scheme.

17 Apr 2018

Personal Tax - Dividends and interest

Posted by - Sarah Grandison

Dividend and savings allowances are available. We consider the opportunities and pitfalls of the personal tax rules.

17 Apr 2018

Personal tax - Self assessment

Posted by - Sarah Grandison

Under the self assessment regime an individual is responsible for ensuring that their tax liability is calculated and any tax owing is paid on time.

17 Apr 2018

Personal tax - When is income tax and capital gains tax payable

Posted by - Sarah Grandison

The UK income tax system requires the payer of key sources of income to deduct tax at source which removes the need for many taxpayers to submit a tax return or make additional payments.

17 Apr 2018

Property investment - Buy to let

Posted by - Glen Callow

In recent years, the stock market has had ups ups and downs. Add to this the serious loss of public confidence in pension funds as a means of saving for the future and it is not surprising that investors have looked elsewhere.

17 Apr 2018

Property investment - Tax aspects

Posted by - Sarah Grandison

Investment in property has been and continues to be a popular form of investment for many people.

17 Apr 2018

Raising finance

Posted by - Kevin Johns

Every business from its commencement and though its development and growth will need finance.

17 Apr 2018

Recruitment procedures - Employment law

Posted by - Kevin Johns

Employers recruiting staff can make simple but very expensive mistakes in all sorts of ways when trying to take on new staff. Sound recruitment procedures help avoid mistakes, as well as ensure that your recruitment process improves and you take on better staff as well.

17 Apr 2018

Register of people with significant control

Posted by - Kevin Johns

The requirement to keep a PSC register has been introduced with the objective of increasing transparency over control and ownership of UK companies.

17 Apr 2018

Securing business success

Posted by - Kevin Johns

As many as half of all businesses fail in their first three years of trading. A contributor to ensuring business success and avoiding failure is to know your enemies.

17 Apr 2018

Seed Enterprise Investment Scheme

Posted by - Kevin Johns

The Seed Enterprise Investment Scheme (SEIS) provides tax relief for individuals prepared to invest in new and growing companies.

17 Apr 2018

Small company accounting

Posted by - Morgan Davies

The required format of statutory accounts for small companies have to prepare and send to Companies House has changed for accounting periods starting on or after 1 January 2016 (or 1 January 2015 if early adopted)

17 Apr 2018

Social enterprise entity structures

Posted by - Morgan Davies

A social enterprise entity is a business with primarily social objectives.

17 Apr 2018

Stamp Duty Land Tax

Posted by - Sarah Grandison

SDLT is payable by the purchaser in a land transaction occurring in England, Wales and Northern Ireland. Scotland has its own Land & Buildings Transactions Tax and from April 2018 Wales will have its own Land Transaction Tax.

17 Apr 2018

Statutory Sick, Statutory Maternity

Posted by - Kevin Johns

Statutory Sick Pay (SSP), Statutory Maternity Pay (SMP) Statutory Paternity Pay (SPP) and Shared Parental Pay (ShPP) are important regulations to understand as they enforce minimum legal requirements on employers.

17 Apr 2018

Taxation of the family

Posted by - Sarah Grandison

Individuals are subject to a system of independent taxation so husbands and wives are taxed separately.

17 Apr 2018

Trusts

Posted by - Glen Callow

Trusts are a long established mechanism which allow individuals to benefit from assets whilst others (the trustees) have the legal ownership and day to day control over the assets.

17 Apr 2018

VAT - Seven key points for the smaller business

Posted by - Sarah Grandison

This factsheet focuses on VAT matters of relevance to the smaller business. A primary aim is to highlight common risk areas as a better understanding can contribute to a reduction of errors and help minimise penalties.

17 Apr 2018

Criminal Finances Act 2017

Posted by - Kevin Johns

The Criminal Finances Act 2017 (CFA) came into effect on 30 September 2017, and makes companies and partnerships criminally liable for failing to prevent their employees from criminally facilitating tax evasion. A potential defence can be utilised, in cases where the business has put into place a system of reasonable prevention measures. The CFA does not change what tax fraud is, just who may be liable. Here, we take a look at the key aspects of the Act and the implications for your business.

17 Apr 2018

Land Transaction Tax

Posted by - Sarah Grandison

From 1 April 2018, a new Land Transaction Tax (LTT) replaces Stamp Duty Land Tax (SDLT) in Wales. LTT is broadly consistent with SDLT, but also introduces some key changes. Here, we outline these.

17 Apr 2018

Venture Capital Trusts

Posted by - Glen Callow

Venture Capital Trusts (VCTs) are complementary to the Enterprise Investment Scheme (EIS), in that both are designed to encourage private individuals to invest in smaller high-risk unquoted trading companies affected by the equity gap. While the EIS requires an investment to be made directly into the shares of the company, VCTs operate by indirect investment through a mediated fund. In effect they are very like the investment trusts that are obtainable on the stock exchange, albeit in a high-risk environment.

12 Apr 2018

Trainee Accountant - Coventry

Posted by - Morgan Davies

This is a full-time role based in our Coventry office. An application form is available by clicking here.

9 Apr 2018

VAT

Posted by - Sarah Grandison

VAT registered businesses act as unpaid tax collectors and are required to account both promptly and accurately for all the tax revenue collected by them.

20 Mar 2018

2018 Spring Statement tax rates pocket guide

Posted by - Sarah Grandison

Following the Spring Statement we have produced our tax rates pocket guide. Many of the figures are fundamental to our business and personal lives and you will find the key taxes summarised here. We are sure that you will find it a useful point of reference throughout the coming tax year.

14 Mar 2018

Spring Statement Summary 2018

Posted by - Kevin Johns

On Tuesday 13 March 2018 Phillip Hammond presented his Spring Statement. So what exactly did the Chancellor say and, more importantly, what did it actually mean?

2 Mar 2018

Solihull office

Posted by - Kevin Johns

A map showing our location in Solihull

2 Mar 2018

Fixed rate expenses

Posted by - John Osborne

The rules allow the use of a 'simplified' fixed rate deduction instead of actual costs paid or incurred. It is optional, but using fixed rates may reduce the need for some of the detailed record keeping and calculations necessary to support tax deductible expenses. The amount of the overall tax allowable deductions could be grater or smaller compared to an actual cost comparison depending on the business circumstances.

2 Mar 2018

Grants

Posted by - Kevin Johns

Ensuring adequate finance is a fact of life if you run a business. Whether you are looking to expand, undertake a specific project or simply fund your day to day purchases, finance is essential.

1 Mar 2018

Coventry office

Posted by - Laurence Moore

A map showing the location of our Coventry office

1 Mar 2018

Enterprise investment scheme

Posted by - Kevin Johns

The purpose of the Enterprise Investment Scheme (EIS) is to help certain types of small higher-risk unquoted trading companies to raise capital. It does so by providing income tax and CGT reliefs for investors in qualifying share in these companies.

27 Feb 2018

Homeworking and tax relief for employees

Posted by - Sarah Grandison

Over the last ten years technology has advanced massively. It was not so long ago that mobile phones were the size of a brick. Now emails and the internet can be accessed on the move. However, whilst technology has moved on, travelling has become more and more difficult. Homeworking has become the answer for many but how have the tax rules kept up with these changes?

27 Feb 2018

Homeworking costs for the self employed

Posted by - Sarah Grandison

The tax rules differ considerably depending on whether you are self-employed, as a sole trader or partner, or whether you are an employee, even if that is as an employee of your own company.

26 Feb 2018

Employee expenses

Posted by - John Osborne

This factsheet considers the operation and reporting of expenses and benefits. A new exception regime for such expenses replaces the need to report these items on P11Ds as long as the necessary conditions are net. To meet the conditions the business must satisfy itself that the employee would be entitled to full tax relief on expenses reimbursed to the employee.

22 Feb 2018

Directors' responsibilities

Posted by - Kevin Johns

However the office of director should not be accepted lightly. It carries with it a number of duties and responsibilities.

21 Feb 2018

Inheritance tax avoidance - Pre-owned assets

Posted by - Sarah Grandison

With IHT came the concept of 'potentially exempt transfers' (PETs): make a lifetime gift of capital to an individual and, so long as you live for seven years from making the gift, there can be no possible IHT charge on it whatever the value of the gift.

19 Feb 2018

Data security - Data Protection Act

Posted by - Laurence Moore

Whilst compliance with the Data Protection is a good step towards compliance with the GDPR, there are a number of new compliance issues which need to be addressed before May 2018, so we recommend you read these related factsheets as well as this one.

19 Feb 2018

Internet and email access policy

Posted by - Laurence Moore

In order to protect the firm, its employees, customers and suppliers, all members of staff should be given a copy of the firm's policy regarding acceptable use if IT resources - particularly internet, email access, and data protection policies.

16 Feb 2018

Data security - Loss risk reduction

Posted by - Laurence Moore

Here are some of the issues to consider when reviewing the security of your computer systems, and how to minimise the risks of data loss. We have a related factsheet which covers some additional considerations for those with data in the cloud, or use some form of outsourcing.

15 Feb 2018

Data security - Cloud and outsourcing

Posted by - Laurence Moore

Whilst cloud data storage and outsourcing can often be more secure than using internal resources, there are some additional things to bear in mind when some, or all, of your data is not held-on-site.

15 Feb 2018

Legal working in the UK

Posted by - Kevin Johns

In line with the Immigration, Asylum and Nationality Act 2006, it is a criminal offence to employ anyone who does not have an entitlement to work in the UK, or undertake the type of work you are offering.

14 Feb 2018

Data security - Backup

Posted by - Laurence Moore

Data backup is an essential security procedure and needs to be undertaken on a regular basis. A business should view regular backups as a form of insurance policy.

13 Feb 2018

Data security - Access

Posted by - Laurence Moore

Many businesses are now completely reliant on the data stored on their Network Servers, PCs, Laptops, mobile devices and cloud service providers or internet service providers. Some of this data is likely to contain either personal information and/or confidential company information.

12 Feb 2018

Credit control

Posted by - Kevin Johns

Obtaining new customers is great for business, unless they fail to pay you. If you fail to check that the customer can support the amount of credit you are granting, then commencing legal action when they do not pay can be a long, draw out and potentially costly process.

8 Feb 2018

Could I really make a go of it?

Posted by - Kevin Johns

Many people wonder deep down if they could really make a go of running their own business. It is not for everyone but the following is a list of attributes that successful business owners have. You do not need all of these characteristics but 'go-getters' have the majority of the qualities.

6 Feb 2018

Virtual Accounts Office team member Position

Posted by - Laurence Moore

We have a vacancy for a team member within our Virtual Accounts Office (VAO). This is a position is based in our Coventry office and may be offered as an apprenticeship if further study is required

5 Feb 2018

Construction industry scheme

Posted by - Sarah Grandison

The Construction Industry Scheme (CIS) sets out special rules for tax and national insurance (NI) for those working in the construction industry. Business in the construction industry are known as 'contractors' and 'subcontractors'. They may be companies, partnerships or self employed individuals.

2 Feb 2018

Occupational pension schemes: Trustees' responsibilities

Posted by - Glen Callow

Many employers offer their staff an opportunity to save for their retirement through an occupational (or company) pension scheme.

1 Feb 2018

Payroll - Basic procedures

Posted by - Jamie Skelding

As an employer you will be responsible for operating PAYE and calculating National Insurance Contributions (NICs).

31 Jan 2018

Payroll real time information

Posted by - Jamie Skelding

We set out below details of how payroll information has to be submitted to HMRC under Real Time Information (RTI)

30 Jan 2018

Pension - Tax treatment on death

Posted by - Glen Callow

Alongside the changes from April 2015 to the access of pension funds, significant changes were made to the tax treatment of pension funds on death.

26 Jan 2018

Charitable Giving

Posted by - Mike Jellicoe

If you are thinking of making a gift to charity, this factsheet summaries how to make tax-effective gifts.

26 Jan 2018

VAT - Cash accounting

Posted by - Sarah Grandison

Cash accounting enables a business to account for and pay VAT on the basis of cash received and paid rather than on the basis of invoices issued and received.

26 Jan 2018

VAT flat rate scheme

Posted by - Sarah Grandison

The flat rate scheme for small businesses was introduced to reduce the administrative burden imposed when operating VAT.

25 Jan 2018

Cash basis for the self-employed

Posted by - Sarah Grandison

We consider the optional rules which allow small unincorporated businesses to calculate their profits for tax purposes on a cash basis rather than the normal accruals basis.

25 Jan 2018

VAT - Bad bebt relief

Posted by - Sarah Grandison

It is quite possible within the VAT system for a business to be in the position of having to pay over VAT to HMRC while not having received payment from their customer.

24 Jan 2018

Preparing for your accountant

Posted by - Morgan Davies

Whether we are producing your accounts or carrying out your annual audit, being prepared for us will ensure our work is carried out smoothly and with the minimum disruption to yourselves.

23 Jan 2018

VAT annual accounting scheme

Posted by - Morgan Davies

HMRC have introduced a number of VAT schemes over the years designed to reduce the administrative burden on small businesses.

19 Jan 2018

Valuing your business

Posted by - Kevin Johns

There are many reasons why you may need to calculate the value of your business.

17 Jan 2018

Business plans

Posted by - Kevin Johns

Every new business should have a business plan. It is the key to success. If you need finance, no bank manager will lend money without considered plan.

17 Jan 2018

Travel and subsistence for directors and employees

Posted by - Kevin Johns

Travelling and subsistence expenditure incurred by or on behalf of employees gives rise to many problems.

16 Jan 2018

Recruitment procedures - Seven steps for good procedures

Posted by - Kevin Johns

In order to avoid the danger of discriminating in some way, particularly unconsciously, employers must take care to develop and use recruitment procedures which will avoid the risk.

16 Jan 2018

Statutory residence test

Posted by - Kevin Johns

The concept of residence in the United Kingdom is fundamental to the determination of UK tax liability for any individual.

15 Jan 2018

Bring your own device

Posted by - Laurence Moore

Some employees will often prefer to use their own personal mobile devices to access company networks/systems. However, this is potentially a security loophole which places the organisation at risk from reputation damage and legal proceedings.

12 Jan 2018

Redundancy procedures

Posted by - Kevin Johns

There have been many changes to employment law and regulations in the last few years. A key area is the freedom or lack of freedom to make an individual redundant.

12 Jan 2018

Starting up in business

Posted by - John Osborne

It is the ambition of many people to run their own business. Some may have been made redundant and find themselves with free time and financial resources.

11 Jan 2018

Sources of finance

Posted by - Kevin Johns

The financing of your business is the most fundamental aspect of its management. Get the financing right and you will have a healthy business, positive cash flows and ultimately a profitable enterprise.

10 Jan 2018

Research and development

Posted by - Sarah Grandison

Research and development (R&D) by UK companies is being actively encouraged by Government through a range of tax incentives.

8 Jan 2018

Share ownership for employees - EMI

Posted by - Kevin Johns

Retaining and motivating staff are key issues for many employers.

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