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.
It’s been a rather dull week here in Belfast. We’ve had thunder and lightning at regular intervals, heavy downpours…….and I’m sure I’m not the only one who’s been caught outside without their umbrella.
We’ve all been there, sitting in our cars not wanting to open the door, thinking “Do I really have to go out in that rain?”
Attention business owners, managers and finance professionals! Have you recently stopped to consider the impact of developing automation technologies on your business?
I had my first experience of working in accounting 10 years ago in 2007. Invoices were received in the post, date stamped and manually entered into the system for payment. This was my entire job and it was a full time one.