Monthly Archives: August 2017

28 08, 2017

Phishing Attacks and How to Protect Against Them

By |2019-04-25T15:31:17+00:00August 28th, 2017|Business planning, Start-ups|

Responding to the wrong emails could spell disaster.  We look at ways to prevent this occurring in your business. What is the issue? Despite the immense publicity about the dangers of phishing attacks via email, 1 in 10 individuals will fall victim and unwittingly allow criminals access to secure networks. The recent WannaCry ransomware attacks brought chaos to a large number of organisations across the world and again raised the [...]

21 08, 2017

Making Tax Digital – The Spotlight on VAT

By |2019-04-25T15:33:51+00:00August 21st, 2017|MTD, Tax|

In our first blog in our Making Tax Digital (MTD) series, we looked at the opportunity for the UK government to consider the simplification of the UK tax regime now that the MTD initiative has been delayed, in the main, to 2020.  And indeed, we are already seeing welcome signs of this with guidance being released  for those businesses with property income, where HMRC have confirmed that a digital record will be required for a property [...]

14 08, 2017

Here’s why Cash is King

By |2019-07-26T06:53:30+00:00August 14th, 2017|Business planning, Sole trader, Start-ups, Tax|

If you're running a small business, one of the concepts in accounting you're going to want to wrap your head around as early as possible is your business' liquidity, and cash basis accounting could be one opportunity to keep the cash flowing as your business' grows. Traditionally, cash basis accounting was used by small, unincorporated businesses for working out taxable income. Under this method, you are taxed on the basis of the cash that passes through your [...]

5 08, 2017

Are you getting the most from your salary?

By |2019-05-21T19:10:08+00:00August 5th, 2017|Business planning, Tax|

Although the employment allowance for sole director limited companies was abolished in April 2016, there are of course still many reasons for paying yourself a salary, bar the obvious daily needs.  In this article, we look at getting the most from your salary. What is the right amount? By receiving a salary in excess of £490 per month you can maintain your National Insurance records giving you access to state [...]

1 08, 2017

Choose life. Choose a career. Choose the Cloud

By |2019-05-21T19:19:40+00:00August 1st, 2017|Business planning, Cloud|

Who says you can't have it all? You bank online, you shop and socialise online, so why not work seamlessly and efficiently, at your own pace, anytime, online? Here are just a few of the many good reasons why you should be managing your business affairs on a cloud accounting platform. Living in the present, always You work dynamically from your office and home, move around frequently, sometimes far from [...]