First it was the “B word” in 2019 and now for 2020 it’s all about the “C word”!
A few months ago, we were adapting to life in phase two of Brexit and wondering what that would look like in the coming twelve months. Well folks, that’s on ice for the moment as the coronavirus hits our shores, but Brexit is still ahead of us sometime. This event has changed the business landscape overnight for at least the next three months or possibly much longer. Read More
Rishi Sunak received a “hospital pass” when he was appointed Chancellor and was required to deliver the first Budget in nearly 18 months within a month of his appointment. To add to this, Covid-19 arrived on the scene and threatened to overshadow everything. As ever, the devil is in the detail, but we have outlined some highlights below.
Disasters come in many forms and all have the same effect…..possibly stopping your business in its tracks! Such events can include cyber-attacks, natural catastrophes, human error, pandemics, accidental damages etc. Planning for disruptions like these should happen when your business is going well, not when disaster strikes. Your business could face significant “down-time” if unprepared.
With the commencement of Brexit, a new Prime Minister and the first 2020 Budget looming on 11 March; no one can say with any degree of certainty what changes lie around the corner. However, as tax advisers, our job at Ross Boyd Chartered Accountants is to be proactive and prepare our clients as much as possible. This way, our clients will be ready to expect the unexpected and able to act promptly should there be any radical changes. Brexit is likely to mean changes to business from December 2019 so it is time to get ready.
So what is so exciting about the Monday 29 October 2018? Well, it’s a Monday to start with and that is an unusual day of the week for the Chancellor to present a budget but for most business owners the thought of it will be scary enough without it being on the originally planned date of Halloween, 31 October 2018. We are also all getting used to the budget being in the Autumn when until recently it was always a Spring event. Read More
HMRC have confirmed that MTD for business will become mandatory, starting with MTD for VAT from 1st April 2019.
What is MTD for VAT?
All UK businesses which are VAT registered and have a turnover above the £85,000 VAT threshold will be required to maintain digital records and submit VAT returns to HMRC using MTD-compatible software from 1st April 2019. Read More
Previously it was announced that from 6th April 2018 childcare vouchers would be closed to new entrants. However, in a House of Commons debate, the Government decided that the deadline was to be extended for a further 6months and parents therefore have until 4th October 2018 to sign up if they haven’t already done so.
To qualify, you must have signed up and received your first childcare vouchers by the deadline, so contact your payroll department as soon as possible to get the ball rolling!
Throughout 2017 we have been bombarded with negative economic news and political uncertainties. However, the best small enterprises have just got on with their business and succeeded. Entrepreneurs and progressive firms just do it! Ross Boyd Ltd has been no exception and we have been developing our operations and expanding into new markets with a unique and progressive offering for small business clients.