Why outsourcing could make your life a whole lot easier

Outsourcing business tasks is becoming more and more common thanks to the fact that more and more business owners are reluctant to commit to employing people. In the past, if a business owner needed a marketing expert or a bookkeeper for example, the tendency was to hire someone and create a ‘mini department’ within their business for that function.  In …

working with laptop on the beach

Online invoicing means faster payment

Getting paid for the work you do or the products you sell is the over-riding objective of every business, but when it comes to invoicing, some business owners have a tendency to leave it to the last minute. In today’s tough economic climate, there is no getting away from the fact that a healthy cashflow is one of the finest …

international trade

VAT implications for international trading

Place of Establishment If your business trades internationally you should be aware of the implications of the concept of ‘establishment’ for VAT purposes and how the agenda is being driven by the Courts. The Principal VAT Directive states that services are supplied where the relevant person (supplier or customer as the case may be) has established his business. The Council …

The Ben Nevis Challenge

Brain Tumours are the biggest cancer killer of children under the age of 15, most people are not aware of this fact. Our sister company’s managing director, Andrew, and his family were unlucky enough to have it written in bold and underlined in November 2010 when their son Tom passed away after a gruelling 7 month fight against a particularly …

Dragons’ Apprentice

Can you turn £100 into £1000? Pupils from secondary schools across North Herts attempted this challenge and succeeded in raising over £10,000 for fantastic causes in the local area. Organised by the North Herts Centre for Voluntary Service, the annual Dragons’ Apprentice Challenge saw teams, partnered with a nominated charity and a ‘dragon’ business advisor, develop innovative business plans to …

Running your business in the Cloud

The ‘cloud’ is a commonly used term these days, but it’s also a term that’s often misunderstood or shrouded in mystery for some business owners. Running a business can be complex, requiring a whole range of sometimes sophisticated processes in order to be efficient, effective and even compliant. This can result in a mix of IT packages that are more …

Meet your VAT obligations with HMRC

RTI penalties made clear by HMRC

If you take responsibility for payroll, either in-house or outsourced, it’s essential that you keep your finger firmly on the pulse of the changes that happen as this new RTI regime unfolds. One such change is the original plan for imposing penalties across the board for all offenses automatically. Thankfully HMRC have had a bit of a re-think on this …

HMRC Enquiry Centres to close

HMRC – gone phishing?

“Phishing” is the term used to describe communications that are destined to acquire financial information about the recipient through fraudulent means. A relatively new phenomenon, most of us are thankfully now on the lookout for attempts, particularly by email, to get us to click on links and give bank or credit card details, including usernames and passwords. But email isn’t …

Credit cards and small business bookkeeping

Credit card transactions come under the HMRC spotlight

HM Revenue and Customs doesn’t hide their light under a bushel when it comes to encouraging people to pay the taxes they’re due. In recent times, more than ever, it is evident that the UK government and HMRC are working together in a highly focused way to help close the deficit by recovering unpaid taxes. This combined effort has led …

Happy Birthday VAT

VAT celebrated its 40th birthday on April Fools Day

Back in 1973, you could have been forgiven for thinking that the newly announced VAT was some sort of April fool’s joke, but we’re now 40 years on and few business owners are laughing. Value Added Tax to give it its full name was introduced on 1st April 1973 and launched at a nice low 10%.  Starting its life producing …