Archive for the ‘Business Services’ Category

Top tips for navigating Making Tax Digital for VAT – what do I do next?

Posted on: February 21st, 2019 by Judith Mallen No Comments

As we get ever closer to the introduction of MTD for VAT, businesses and advisors are turning their minds to how to deal with this unpopular measure.

Below we provide answers to the most common questions. (more…)

Everything you need to know about AutoEntry

Posted on: February 19th, 2019 by Judith Mallen No Comments

What is it?

AutoEntry uses Optical Character Recognition (OCR) technology to extract date from sales invoices, purchase invoices and bank statements. It also links to your accounting software so after a review from the user documents can be posted directly into your accounts.

The software is saving our clients hours of processing time every month. (more…)

Can conflict in business be a catalyst for positive change?

Posted on: February 11th, 2019 by Sarah Case No Comments

As UK politicians remain in conflict, businesses across Wales continue to grapple with the decisions they need to take to secure their own long-term futures. As the Brexit deadline looms, Sarah Case, director at financial and professional advisory firm MHA Broomfield Alexander, explores the role of conflict in the development of business strategies and how it can be harnessed as a force for good. (more…)

Auto-enrolment fines rise 146%

Posted on: February 11th, 2019 by Clive Headon No Comments

Fines issued to employers that fail to comply with their auto-enrolment responsibilities have more than doubled over the last two years, a report from the Pensions Regulator shows.

In 2017/18, there were 36,137 fines issued to employers for not complying with the requirements of auto-enrolment – up from 14,707 such penalties in 2016/17. (more…)

Post Brexit Britain – Keep calm and keep preparing

Posted on: January 21st, 2019 by Linda Strange No Comments

Whilst the political furore continues following the vote on Mrs May’s Brexit Deal, and we wait to see the outcome of our democratic process, what can businesses do to carry out meaningful steps to protect their international trading activity?

What to do next to prepare for Brexit (more…)

An update on Brexit

Posted on: January 21st, 2019 by Linda Strange No Comments

We have all hoped for some degree of certainty as time runs out before the Brexit deadline. The dramatic events in the House of Commons last night have provided some clarity over the future direction of any debate in both Parliament and the EU.

What do we know? (more…)

Payroll Processing – Common Errors

Posted on: January 15th, 2019 by Clive Headon No Comments

With many legislative changes coming into force from April 2019, we thought we would point out some common errors employers can make when processing their payroll. (more…)

New year business resolutions

Posted on: January 10th, 2019 by Judith Mallen No Comments

The beginning of a new year is the perfect time to reflect on what your business has achieved over the last year, while also setting some goals for the year ahead. That could be cutting out bad business habits or opening yourself up to new opportunities. (more…)

Outsourcing payroll

Posted on: January 9th, 2019 by Clive Headon No Comments

Does it make sense for your business?

Around 1.4 million businesses in the UK employed members of staff in 2018, and all of them shared one thing in common: the legal requirement to run payroll.

This task consumes a large amount of time each month, with multiple processes to complete in order to comply with legislation and pay workers on time. (more…)

National insurance planning

Posted on: January 9th, 2019 by Clive Headon No Comments

Obligations and opportunities.

National insurance contributions (NICs) are set aside to pay the state pension and other benefits, but due to the UK’s ageing population the National Insurance Fund is under increasing strain, with the state pension taking up more than 90% of its annual outlay in 2018.

A review by the Government Actuary’s Department (GAD) predicted the fund would be empty by around 2032. (more…)