Category Archives: Uncategorized

There is no doubt that the authorities are stepping up their game against businesses who are not paying their staff the National Living Wage. Recently 50 businesses in the hospitality sector, including two fish and chip shops, have been targeted by H.M. Revenue & Customs resulting in the businesses being censored and fined. So to […]

Firstly, the most important strategy is that, as business people, we all give to charity in order to make the world a better place. Governments are facing so much financial pressure that aid in probably not top of their agendas however if we all do our bit we can together make a difference. Giving personally […]

H.M. Revenue & Customs are focussing more and more on close companies and are looking in detail into what constitutes a settlement when share waivers are used. How do dividend waivers work? Dividends are paid at the same rate for each category of share and this may mean that the distribution of profits may not […]

“When do I need to register for VAT?” You currently have to register for VAT as soon as your turnover in a rolling twelve month period exceeds £85,000 – this period does not relate to your business year-end. Remember to include zero rated sales in your annual turnover calculation. You must register straight away if […]

“The Budget” Your guide to the Budget 2017… How will the changes this year affect you? In the good humoured and jovial delivery of his first and last spring budget, Philip Hammond labelled himself the “Spreadsheet” Chancellor and boasted £26 billion of “headroom” as he prepares Britain for its global future. For the first time […]

“VAT for “Caterers” Although the supply of most food and drink of a kind used for human consumption is zero-rated, there are exceptions. Before we understand how VAT does impact different food related business it is important to understand the definition of “catering” being; “the supply of prepared food and drink”. Examples businesses that generally […]

Cloud Accounting Let’s face it, most people see accounts as a necessary evil and they play little part in helping business owners make better decisions. However they are a necessity in order to comply with the law and tax authorities, so if we have to do them we may as well do them properly and […]