Latest News

VAT Registration Numbers on Email

With the advancement and excessive ease of technology over the years, many businesses have taken to sending their sales invoices to customers electronically, rather than in paper form. This has many benefits. 

  • It’s Faster! 
  • It’s Safer! 
  • It’s Environmentally Friendly! 
  • Its Cheaper! 

However, it could lead to some difficulties…

Healthier People = More Productive People

For a number of years, businesses have invested more and more in health and wellbeing initiatives. Large international businesses tend to have the resources to put such initiatives in place, but smaller firms can also introduce positive measures without spending a fortune. 

Blogging as a Marketing Tool

When you think of social media, the first platforms that come to mind are probably Linkedin, Facebook and Twitter. 

Have you ever considered using a blog as a social media marketing tool? Blogs can help drive traffic to your website, help search engines to find your company and can enhance recognition of your brand.

Another Score for Derby Family Firm Shapcotts Accountants as New Recruit Rocks!

After 30 years serving the Derby business community Shapcotts Accountants is expanding again with the appointment of a new senior Client Relationship and Accounts Manager. Qualified Chartered Accountant Stephen Walker (48) joins Shapcotts after 12 years as Finance Director at the Derbyshire-based logistics firm Lockwood Group.

Trivial Benefits

Remember that from 6 April 2016, benefits are exempt from tax and NICs if all the following conditions are satisfied: 

Changing your Company Car? What About a Hybrid Next?

The next Finance Bill will include legislation to reduce significantly the taxable benefit on the provision of low CO2 emission cars from April 2020. 

From 2020 there will be a 2% benefit in kind for company cars that emit no CO2 such as electric and hydrogen powered cars. At the same time the system for taxing hybrid company cars will also be significantly changed. For example a hybrid car emitting less than 50g CO2 per kilometer will also have a 2% P11d benefit provided it has a range on its electric motor of at least 130 miles.

Reporting Expenses and Benefits Provided to Employees

HMRC have recently updated their toolkit dealing with the reporting of expenses and benefits provided to employees and directors in the light of significant recent changes in this area. HMRC toolkits are designed to help minimise the risk of errors in returns and computations and their use...

Reporting VAT Online - Aren't we Doing That Already?

Last month we reported that the government had announced the delay of Making Tax Digital for Business (MTDfB) to 2020 at the earliest but that quarterly VAT reporting, using the new system will be mandatory from 2019. 

Is Your Company Carrying Out Research and Development?

Many companies are still missing out on valuable tax breaks for expenditure on research and development (R&D).  Revenue and Customs (HMRC) have recently updated their guidance on claiming R&D tax credit relief and have reminded companies that it is possible to obtain advance assurance that the R&D activities are eligible to make a claim.

New Company Loss Rules to Go Ahead

The Finance Bill due to be debated in early September will finally include the new rules for the set off of company losses that were originally announced in March 2016.

As a result of the first Finance Act being rushed through due to the snap General Election the legislation to introduce the new company loss relief rules was dropped. This led to considerable uncertainty as to the start date of the new rules but it has now been confirmed that the new rules will apply from 1 April 2017 after all.