Archive for the ‘Guest Authors’ Category

5 ways to instil a ‘safety’ culture in your workplace

Posted on: November 13th, 2018 by Sarah Price No Comments

health and safetyGuest author,  Richard Pask, Thomas Carroll

In 2017-2018, 30.7 million working days were lost due to work-related illnesses and non-fatal workplace injuries in Great Britain. In addition, 493 cases were prosecuted, resulting in £72.6 million in fines being distributed. The expenses for workplace injuries and illnesses come straight out of the profits of your business. However, by emphasising the importance of a safe working environment and educating your employees on how accidents at work can directly affect them, you can keep your employees safe and look after your business’s bottom line.   (more…)

Update on the VAT treatment of electronic searches

Posted on: June 25th, 2018 by Liz Maher No Comments

The Law Society met with HM Revenue & Customs and has now released interim guidance on how HMRC intends to approach the VAT treatment of electronic property searches. (more…)

Integrated Health and Care Hubs planned for Wales – Why the VAT impact needs planning

Posted on: May 30th, 2018 by Liz Maher No Comments

News that £68m of investment would be made in the development of 19 health and care centres across Wales caught my eye in April. Plans for 11 new Hubs and GP Centres, as well as money to refurbish existing centres will certainly be the sort of expenditure that will attract VAT on those projects – so will that VAT be recoverable and indeed who will be incurring that VAT? (more…)

What should charity trustees expect from an auditing firm?

Posted on: April 10th, 2018 by Sarah Price No Comments

What should charity trustees expect from an auditing firm? Frank Learner looks from the other side of the fence.

Having been a treasurer/trustee with three charities (consecutively) for 15 years, I can reflect on my experience of 4 auditing firms. (more…)

For whom does VAT Toll?

Posted on: January 11th, 2018 by Liz Maher No Comments

Well the good news is that it doesn’t now apply to any tolls paid by commuters – business or personal – crossing on the Severn Bridges from the 8th January 2018. (more…)

Why currency exchange rates matter when planning to buy or sell property abroad

Posted on: October 20th, 2017 by Sarah Price No Comments

Date: 18th October 2017

By: Luke Walden, FX Expert, Godi Financial

Every year, thousands of hard working individuals finally take the plunge and purchase their dream holiday property. The end goal is to be sitting with a cold drink in the sunshine around the pool, but the process leading up to that point is far from plain sailing. Finding the right property in the right location is just the start. Once it comes to parting with your hard-earned cash, that’s when there are some potentially costly pitfalls to consider. (more…)

It’s not all doom and gloom

Posted on: July 22nd, 2016 by Liz Mounfield No Comments
Richard Jones, Senior Associate, Blake Morgan

Richard Jones, Senior Associate, Blake Morgan

The referendum decision has given rise to political and economic turbulence which is unprecedented in recent times and there is likely to be a continued level of uncertainty for some time to come as business waits for clarity on the expected timescales for ‘Brexit’ negotiations and the invoking (or not) of Article 50.

Despite such uncertainties, whilst recognising that this is a difficult time for business owners, start-ups and SMEs in particular, it is equally important to recognise that it is not all bad news and significant opportunities exist in the commercial market for business growth and opportunities abound for corporate transactions to flourish.

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Governance in a turn-around

Posted on: July 18th, 2016 by Liz Mounfield No Comments
Mark White LinkedIn photo

Mark White

I recently heard the founder of a social enterprise complain that “governance gets in the way of doing business”. Her basis for this claim was that she had to get board permission for everything. I fundamentally disagree. Good governance drives successful charities. The harsh flipside is that charities fail when governance is not fit-for-purpose.

When I recently became chair of an establish charity, it was clear from the beginning of my role that the charity faced many challenges, not least an insolvent balance sheet, a management structure no longer addressing the charity’s business needs, a public funds dependency culture, a management team used to controlling information flows to the board and, as a consequence, a board keen to get involved in operational matters, i.e. interfere!

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Farming finances: Three different options to access cash for your farming business

Posted on: July 12th, 2016 by Liz Mounfield No Comments
Martin Waite, AMC

Martin Waite, AMC

How do farmers free up working capital when margins are under pressure? Here’s some examples of how farmers have made the most of their finances when times are tough.

  • Farmers are taking advantage of flexible funding to free up working capital.
  • Restructuring loans on capital expenditure to upgrade farm facilities can improve profitability and cash flow.
  • Resourceful farmers are identifying additional revenue streams as commodity prices remain under pressure.

Rising input costs and falling commodity prices have put pressure on farmers across the UK. With the right support, some have turned adversity to their advantage by making their funding work much harder for them.

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Brexit and VAT

Posted on: July 7th, 2016 by Liz Mounfield No Comments

In the recent referendum the UK, including Wales, voted to leave the EU. While nothing much is expected to happen in the short term regarding VAT, once the Government has triggered Article 50 of the Lisbon Treaty to formally confirm that we are leaving negotiations will begin in earnest to agree the terms and process of our exit. It is said that negotiations are likely to take place over a 2-year period but possibly they may take more or less time than that, we just don’t know yet.

During the period of negotiation and until they are concluded, the UK is still part of the EU and accordingly we would expect that it must continue to be bound by EU VAT legislation, European Court Judgements on VAT and also reporting requirements, including VAT returns, ESL returns for both goods and services and Intrastat returns.

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