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Is your VAT registered business digital ready for 2019?

July 20, 2018

It’s all steam ahead with Making Tax Digital (MTD) for VAT and it is coming into effect from April 2019. Thereafter, businesses with a turnover above the VAT threshold, currently £85,000, will have to comply with MTD. Followed by phase 2, in 2020 when every VAT registered business (including voluntarily registered) will become part of…Read More

Time to reflect after GDPR frenzy

July 11, 2018

Growing businesses is a passion of mine. Lately, I worry many businesses have been distracted and stopped focussing on long term strategy.   The distraction was down to the sheer panic that spread like wildfire from one business to the next caused by the GDPR frenzy. Here’s why. UK Businesses were keen to avoid GDPR fines.…Read More

Are you up to date with HMRC’s new PENP rule?

June 19, 2018

Watching headlines unfold that companies like Rolls Royce are making 4,600 people redundant is always a sobering experience. Restructuring the business is sometimes the only way to continue regrettably resulting in the loss of employees through redundancies.  That’s why this week I’ve decided to discuss the new tax rules regarding terminating employment by making people…Read More

Would you vote no confidence in IR35?

June 6, 2018

Are you a contractor struggling to get your head around IR35? If the answer is yes, you are not alone. According to recent survey by Harvey Nash: 90% of contractors admit post-IR35 reform stress. Since the changes to IR35 legislation, in April 17, many Public Sector projects have slowed down or stopped. The primary cause…Read More

Business data: fool’s gold or gold nuggets?

April 24, 2018

Rapid change in technology is accelerating in 2018 and creating a headache for business owners. The growth of technology results in exponential growth of data collected and clogging up your business systems.  Now with the added pressure of GDPR and the impact of handling personal data, business owners are struggling to stand still, let alone…Read More

Is this an S code I see before me?

April 4, 2018

Living in Scotland and being employed you ought to have seen the letter S in front of your code for some time now. The S indicates you are a Scottish taxpayer and it becomes even more significant with the new Scottish Income Tax rates coming into effect in Scotland from 6 of April. The question…Read More

Why you desperately need an accountant you can trust?

March 1, 2018

Self-Assessment is complete and I’m now gearing up for end of tax year. The break in between seems like a good time to pause and reflect on my role as accountant.  My role is closely related to the duty of care to all my clients – which is built on trust. Stay with me and…Read More

Would your business pass the solvency test?

February 15, 2018

The collapse of Carrillion rocked the business world.  We’re already witnessing the insolvency domino affect along the wider supply chain.  One thing is clear the warning signs were ignored. Here’s a guide to insolvency to help Directors spot warning signs early:  business or  supplier.   What does insolvency mean for Directors? Insolvency, is complicated. However,…Read More

Can millennials be successful entrepreneurs?

January 22, 2018

As an accountant I’m keen to spot new business talent. Where better to look than within the new crop of entrepreneurs hidden amongst the 12 million millennials, living in the UK today? Not everyone agrees with me. LinkedIn is peppered with articles branding millennials as easily distracted, obsessed with smartphones and lacking the ability to…Read More

How success in business is a marathon not a sprint.

January 5, 2018

  My resolution this year is my biggest personal challenge to date – complete the London Marathon to raise funds for Action for Children. My marathon journey has striking similarities to advice I give clients developing a business plan. To succeed you need a vision, objectives and a goal. To reach your goal and make…Read More

Snap and go. Iris launch easiest app to manage accounts on the go.

December 6, 2017

Small business owners are time poor and desperately need to manage business on the go to stay on top of the paperwork. Iris Snap App is the solution.   Whether you are plumber moving from one job to the next or a consultant travelling from meeting to meeting you watch the receipts pile up, invoices…Read More

Win more local customers this Christmas.

November 28, 2017

Businesses are at the height of the busiest time of year and looking to make money and gain new customers. Marketing teams speed into overdrive with Black Friday, Cyber Monday, and never ending discounts.   Don’t forget Small Business Saturday. Small Business Saturday (SBS), is a business initiative to support independents. It was set up to…Read More

Are you GDPR ready or burying your head in the sand?

November 20, 2017

  A zero tolerance directive from the EU is coming into force on the 25th of May 2018. It’s the General Data Protection Regulation (GDPR) and will completely change how every organisation, business and charity will manage personal data. GDPR is creating panic among many businesses and some are still not facing the fact they…Read More

How can small businesses challenge big business trends?

August 8, 2017

Every day we hear of global giants like Amazon and Walmart swallowing up the little guys. It’s not all doom and gloom for small businesses. The entrepreneurial spirit is strong and small businesses are bucking trends and shaping up to be the future business giants. How can small businesses make their mark? The fact small…Read More

Expats Buy to Let tax relief changes

July 26, 2017

Essential things Expats need to know about Buy to Let tax relief changes An estimated 5.5 million UK residents are living and working abroad. For many expats this brings exciting opportunities, cultural experiences and can be highly lucrative. Maintaining links, however, with the UK many expats are finding themselves caught in the net dealing with…Read More
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