Will you need a branch in the EU post-Brexit?
August 6, 2018
Many SMEs are now exporting routinely to EU countries and are now faced with the question as to whether they will need some kind of subsidiary operation in mainland Europe.
How to make office meetings profitable
July 30, 2018
A few weeks ago I received a phone call from a director of a client company. “About next week’s board meeting, I’m just writing up the last meeting’s minutes; do you have any notes on what we discussed?” Fortunately I was able to help, but it did make me question the value of these meetings.
The retail challenge – can the High Street be saved?
July 10, 2018
House of Fraser has announced the closure of 31 of its 59 stores, Poundworld has entered administration, threatening the closure of 335 shops, and even Marks & Spencer has signalled the closure of more than 12% of its outlets. Statistics published by the Local Data Company confirm that 2017 saw a net loss of 1,772 retail premises, the largest number since the recession.
HMRC’s latest step in campaign against personal service companies
June 4, 2018
Another chapter has opened in the saga of IR35. These are a mechanism whereby a contractor who provides services to his client does so via a limited company in which he is usually the only shareholder and only employee, thus making it possible to save tax and national insurance.
Trade wars and the Iran deal – what threats are there for British business?
May 21, 2018
On 2 March 2018 Donald Trump tweeted: “Trade wars are good, and easy to win”, and announced his intention to start one by imposing a 25% tariff on steel imports and 10% on aluminium. He later backtracked and targeted China specifically.
Trouble with holiday pay
May 8, 2018
For full-time workers the amount of paid holiday is usually straightforward, although even in these cases there can be scope for disagreement.
Cybercrime and the increasing threat to businesses
April 24, 2018
The cost to a business that is a victim of cybercrime is often much greater than the actual funds stolen. There is the cost of downtime and consequent lost business, the cost of remediation and data recovery, and in many cases the cost of reputational damage.
The decline and fall of a British institution
March 26, 2018
The High Street scene is changing as more and more big-name retailers put up the shutters. Woolworths and BHS are no more than a fond memory, and in the last few years other prominent retailers have followed their path into oblivion.
The key to avoiding failure is detecting problems early
March 19, 2018
It seems like stating the obvious but the earlier you recognise a problem the easier it is to solve. That goes for business as well as many other aspects of life and it is the central message in an advice booklet recently published by the Institute of Chartered Accountants (ICAEW).
OTS proposals ask the question – can VAT be simplified?
March 6, 2018
In 1973 Value Added Tax was introduced to coincide the UK’s accession to the Common Market, replacing Purchase Tax which had by that time become rather complex. It was hailed by the then Chancellor of the Exchequer, Anthony Barber, as a simple tax which 'will avoid some of the ridiculous anomalies that were part of the purchase tax system.' With hindsight this statement is laughable.