Latest General Practice

27th October 2017 Lancaster Way Business Park, Ely: Business is booming !

  Ely’s largest business park, Lancaster Way, continues to grow from strength to strength. Offering a mix of rental properties and sites for freehold commercial development, more and more start-ups and established businesses are now being attracted to this location. The benefits are obvious:   Based in the vibrant Cambridge ‘shadow’, Situated just outside Ely,…

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26th September 2017 Nearly half of eligible couples not claiming marriage tax allowance

  Following last year’s report from HMRC  showing that only a quarter of couples eligible for marriage tax allowance were actually claiming, figures have reduced but still stand at just over a half of couples missing out on the £230 a year they are entitled to. Although the government have tried to simplify the application…

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26th September 2017 Brexit: Practical SME preparations.

  As we approach the end of the first quarter in the run-up to Brexit D-day, we are now beginning to see what practical steps SME businesses are taking in preparation: Businesses with a significant production source or market presence within the rest of the EU are strengthening their presence there. Creating a subsidiary based…

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19th September 2017 HMRC advice on phishing emails and bogus contact

  I have blogged on this subject before. Unfortunately, this type of fraud is on the increase.   HMRC have published an up-dated warning with examples of bogus emails, text messages, and social media scams purporting to be from HMRC.  They also mention again bogus callers leaving messages about the need to make immediate tax…

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13th July 2017 BREAKING: Changes to Making Tax Digital rollout timetable announced by Government

The Government has now set out a revised timetable for implementation of the Making Tax Digital (MTD) project.   Three million of the smallest businesses and landlords will be able to move to the new digital system for keeping tax records at a pace that is right for them, Ministers announced today as they set…

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19th June 2017 Useful Apps to Make Your Life Easier – Asset.guru

Asset Guru is currently the only available app I’ve found which offers a complete asset management system, including but not limited to – depreciation calculations, cloud connection, geospatial mapping and many reporting tools along with future projections of assets. Asset Guru is available to use in either Xero or QuickBooks.   Started in Australia, the…

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16th June 2017 Brexit

Post Brexit: What cutting of red tape might SME’s expect? After almost a full year of foreplay, formal Brexit negotiations with the EU will eventually commence next week. Looking ahead one step further, what can SME’s expect post Brexit? And will the UK Government use this opportunity to further advance their stated policy of reducing…

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25th April 2017 Charity accounts do not meet the required standard

A significant number of charity accounts fail to explain how the charity is meeting its objectives, while many do not meet basic standards for users, particularly in the very smallest charities, according to research from the Charity Commission.   Of a recent sample, 54% of charities did not meet the public benefit reporting requirement. Some…

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4th April 2017 New Insolvency Rules

Liquidation Procedures: New administrative rules being phased in. With the new tax year already upon us, clients could be forgiven for thinking that all they need concern themselves with are the plethora of new fiscal rules about to impact on their businesses. However, further perhaps overlooked changes are about to be made to insolvency law…

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29th March 2017 Article 50(2)

Brexit: New tariffs, what new tariffs? Now that Prime Minister May has written to the EU, triggering Article 50(2) of the Treaty on European Union, Brexit moves one step closer and SME’s slowly begin to wonder, “how might this affect us”? For your average local family business, the main areas of concern will probably be:…

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