HMRC have recently updated VAT notice 726, a regulation that strongly advises traders to carry out due diligence on their supply charge. Meaning, in short, you could be held liable for unpaid VAT of another VAT registered business when buy/sell specified goods....read more
According to Forth with Life 85% of adults regularly experience stress. The main cause of stress for 25-54 years is work, so to put into to perspective 17 out of 20 of your employees are likely to feel stressed on a regular basis. Here are 5 things you can do to help...read more
What is the brought forwards relief? HMRC have updated their guidance for carrying forward your unused pension saving allowance. For most UK tax payers, the maximum tax-free amount that can be put into a pension per tax year is £40,000. The tax-free amount can be...read more
The Definition The definition of mindfulness is “psychological process of bringing one’s attention to experiences occurring in the present moment”. Motivational speakers often run seminars around the topic of mindfulness for self-improvement but it can also be used in...read more
HMRC are urging UK to tax payers to come forward and declare any profits earned from offshore assets. Overseas profits may be from undeclared holiday homes or oversea properties. The deadline to declare the income is 30 September 2018 under the ‘Requirement to...read more
Click here if you need help creating a digital marketing strategy. Ever wonder how successful your online marketing efforts are? Here are 4 ways you can monitor the success of your online marketing. Track website visits One of your online marketing goals is to drive...read more
Last month we posted a blog about the deadline HMRC set for disguised remuneration schemes. Individuals are expected to provide all the relevant information to HMRC by 30 September 2018, and settle of preferential terms become the loan charge arises on the 5 April...read more
There has been an apparent shift from traditional to online marketing. Online marketing includes your website, marketing emails and search engine optimisation (SEO). Do you utilise all 3? I assume you have a website, you're likely to post blogs and see the value in...read more
Rent a room relief was introduced in 1992 to offer a wider range of low cost rented accommodation to individuals, meaning they had the freedom to move around the country to work. HMRC are looking to tighten the regulation and stamp out those using their properties as...read more
The Cambridge dictionary defines innovation as ‘a new idea or method’. Yet when many of us think about innovation we think of multimillion-dollar businesses that dominate their industry such as Apple, Google and Amazon. An innovative idea or business doesn’t...read more
In an attempt to keep up with technological advances HMRC have introduced the help of Artificial Intelligence (AI) to improve efficiency and simplify processes. The innovation has been introduced to assist people with their tax credits. Amazon Alexa enabled devices...read more
Identify the next generation of leaders Your managers are responsible for moulding the firms next generation of leaders. Access your current management team, what attributes they all possess? Can you identify any of these attributes in your team? Start building a...read more
HMRC have now issued detailed guidance on record keeping and return requirements for Making Tax Digital (MTD). VAT Notice 700/22 clarifies that spreadsheets are an acceptable means of keeping business records, provided that a bridging software is used to link the...read more
What is augmented reality (AR)? AR Technology became mainstream a few years ago tanks to Pokémon Go. The AR app game allowed utilised users campers on their smart phones and tablets to ‘interact’ with Pokémon characters depending on their geographic location. Ikea...read more
Advice for data controllers On Thursday 19 July 2018 the ICO hosted a webinar on Data Breach Reporting. It was aimed at Data Controllers and provided advice and guidance on how and when to report security breaches to the ICO, following the introduction of the General...read more
Personal Brand is what people say about you when you’re not in the room. So how do you go about ensuring positive things are said? A common misconception is that a personal brand is all about the individual so in this case you. Infect its quite the opposite. Your...read more
Regardless of the type of business that you run, you will have talented people in your team who you will want to develop and grow into future managers. So how do you go about creating the next generation of managers in your business? The managers and leaders in a firm...read more
HMRC have published revised guidance on settling tax liabilities in relation to the use of disguised remuneration schemes involving Employee Benefit Trusts (EBTs) and similar arrangements. In order to settle on preferential terms before the outstanding loan charge...read more
Progress with Assure UK is a cloud accounting solution and advisory service based in Banbury, Oxfordshire. We look after all your digital and online accounting needs.
New Business Progress Kit 2018
The Financial, Tax and Accounting Considerations of Starting a New Business
Already running a business? Check to see you’ve thought of everything, and your business is watertight.
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