Tag Archives: Northcote

FRSME – Changes to reporting

Posted on September 28, 2011 by Stuart

A new accounting standard will be introduced by the Accounting Standards Board from July 2013 to replace UK GAAP for companies that are not publicly accountable.   This change won’t affect “small companies” (less than £6.5 million turnover and £3.26 … Continue reading →

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Salary Sacrifice

Posted on September 21, 2011 by Stuart

Changes to the VAT treatment of salary sacrifice schemes have been announced by HMRC. The changes are effective from 1 January 2012 and in some cases will increase the overall cost of the scheme. Salary sacrifice schemes allow employees to … Continue reading →

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Record breakers

Posted on August 31, 2011 by Stuart

According to reports, many businesses visited by HMRC have failed to meet the standard required for ‘accurate and adequate’ business records. These failing businesses normally face further inspections to ensureimprovements have been made. Businesses should ensure that their records are … Continue reading →

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Using your (VAT) initiative

Posted on August 16, 2011 by admin

The VAT initiative, whilst sounding like something devised by a politburo, is one of HMRC’s focuses this year. HMRC are writing to 40,000 businesses whose turnover appears to them to have already exceeded the compulsory VAT registration threshold. Those businesses … Continue reading →

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Office of Tax Simplification Proposals

Posted on August 8, 2011 by admin

The Office of Tax Simplification (OTS), was set up by the Government to streamline business tax.  It has put forward two proposals for smaller companies.  Although this is a great opportunity to do a simples/meercat joke, I’ll hold myself back… … Continue reading →

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Negotiation

Posted on July 29, 2011 by Stuart

How do you negotiate? Do you negotiate? Anybody who is in business needs to negotiate – price, quantity, service levels, delivery dates, anything and everything. It’s something I’ve got interested in recently. Many people approach a negotiation with clenched fists, … Continue reading →

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Goodbye to the NI Card

Posted on July 22, 2011 by admin

Alongside your first legal pub visit and the first time you bunny-hopped your mum’s car down the street, the receipt of a shiny piece of plastic with 9 characters embossed across the centre – your NI card – is one … Continue reading →

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False self employment

Posted on June 22, 2011 by admin

Are you self employed? Are you false self employed? False self-employment is where a worker is treated as being self-employed for income tax and National Insurance but in reality seems to be in permanent employment with the same company or … Continue reading →

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Googling Yourself

Posted on June 17, 2011 by admin

I was pleasantly surprised recently that on typing “harrogate accountants” into Google, this blog came out top of the organic search results.  Not bad for a man who does his own SEO! Although it seems to rise and fall up … Continue reading →

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To Audit or not to Audit. That is the question.

Posted on June 15, 2011 by admin

If the turnover of your business is below £6.2 million, there is no legal requirement for you to have a statutory audit. You might have be asked to have one by an investor, or a bank – in which case … Continue reading →

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