There are many benefits that come from running your business through a corporate body, whether it be a company or a limited liability partnership. These benefits come at a cost though, one of which is the requirement to publish information about the business at Companies House.
The first phase of Making Tax Digital for Businesses (MTD) will come into effect in less than 12 months time. While the quarterly reporting for income tax purposes has been pushed back until at least 2020, the digital reporting for VAT purposes is on schedule and will impact all VAT registered businesses with turnover above the VAT threshold from 1 April 2019.
Financial reporting provides a key role in the relationship between accountants and clients, especially as an aid to insightful business advice. This reporting and communication forms part of the regular management information needed by business owners and management teams to make well-informed decisions moving forwards.
Unless you have been living on another planet you will have no doubt noticed that there are significant changes being introduced from 25 May 2018, due to General Data Protection Regulation (GDPR). This regulation aims to increase the protection of EU citizens’ personal data by making every business that collects it more accountable.
This was the wisdom of US President George W Bush. But for those who have the task to develop budgets or be involved in the process of developing budgets, it is important to have a good knowledge of the budgeting principles that can make a difference to the financial health of an organisation. Failure to engage in sound processes can be one of the main reasons why organisations fail.
Small businesses in Sussex can now benefit from the Small Business Growth Grant and Apprenticeship Grant which has been launched by Adur & Worthing Council in association with the Adur & Worthing Business Partnership.
We are sponsoring the Big Brexit Lunch at Kent Vision Live 2018, with Clive Stevens, Chairman and Head of International, joining the expert panel to discuss what Brexit will mean for businesses in Kent.
We are delighted to be exhibiting at Kent Vision Live 2018 on Wednesday 16 May at the Kent Event Centre, Maidstone. Please click here to register for your free place and come say hello to members of our online accounting team at stand 209!