The streets of Chichester have been alive in the evenings again as the City welcomes back the Corporate Challenge. The series of three races, which take place this year on the 21st February, 7th and 21st March, are organised by the Chichester Runners with runner numbers sponsored by Evans Weir. Recent coverage of the first […]
Despite the Government’s long-term ambition to rid the world of tax returns through the introduction of the Making Tax Digital initiative, January 2018 was another record year for the number processed. Like all necessary evils, no one wants to think about tax returns until it is imperative to do so, but the flip side of […]
Recent HMRC cases against individuals and businesses have once again shone a light on the use and payment of family members in the business. In one case, a tribunal judged that payments to a son had been made out of parental love and affection and were not wholly for the purposes of the trade. In […]
With the introduction of new GDPR legislation just around the corner, now is the time to look at your systems and processes to see where you may need to make changes to ensure you comply. One aspect of data collection and privacy that will impact most companies is their website. So, what do you need […]
Are your credit terms stopping you chasing outstanding sales invoices? It may seem obvious to reiterate the importance of chasing outstanding sales invoices, but how many companies can say, hand on heart, that they do chase them religiously and how many businesses can claim that they get 100% of invoices settled within their normal credit […]
Since the introduction of flexible pensions in 2015, an increasing number of people are utilising the option to make a lump sum pension withdrawal from their funds. However, pension withdrawal rates are still within government forecasts, allaying concerns of there being a ‘run’ on pension funds leaving some without the means to support them into […]
The Taylor review, set up by the Government to investigate working practices and the ‘gig economy’, has now reported back to business secretary Greg Clark, with the promise that many of the recommendations will be taken forward and some expanded upon. The review was set up following significant employment cases involving major employers in the […]
It is very hard to ignore the rise and rise of AI (artificial intelligence) but is 2018 likely to be the year that AI becomes truly mainstream? Whether you start your day talking to Siri, Alexa or Google or you work in a factory surrounded by robots, the fact is AI is all around us […]
With the news full of questions about how Carillion continued to be awarded huge contracts despite multiple warning signs of financial failure, we look at what it takes to win the tendering game. In times of uncertainty in the wider economy the public sector can look like an attractive source of stable income and successive […]
In 2016 dividend tax was introduced as a way of levelling up the tax system between employees, the self-employed and business directors/owners. The view of the then chancellor and his successor is that however you are employed and however much you earn, the tax system should be even handed. It was felt that whilst personal […]
And finally… A look back at the main news from December 1967 as we come to the end of our 50th anniversary year. We have enjoyed looking back to 1967, as we celebrate our 50 years in business. We may have said it before but it is genuinely fascinating how many similarities we have discovered […]
The continued push towards more automated statutory reporting to HMRC will see the Government’s Making Tax Digital (MTD) initiative rolling out from 2019 onwards. The first phase of MTD requires companies to keep ‘digital’ records and, in particular, digital VAT records. This means that businesses who currently use manual books and spreadsheets will need to […]