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Bambury and Co

Changes to Auto-Enrolment

  The “Duties Start date”…. The grace period is over – if someone works for you, you are a micro-employer, and if you pay them more than a certain amount, you must set up a workplace pension scheme. Auto-enrolment went live on 1 October 2012 and requires all employers to automatically enrol eligible workers into[…] Read more »

Purchasing A Car Through Your Business

Many of my clients are either the sole directors/shareholders of their limited companies or just have one or two fellow directors.  Quite often, once the company is set up and running, one of the first questions I’m asked is “Can I buy a car through the company?”.  My answer is usually a somewhat unhelpful “Yes, but….”.  The[…] Read more »

Top 7 Productivity Tools

Although written by FUTRLI as part of their on-going support for their accountant partners, one or more of the cloud based tools highlighted in this blog should be of interest to any business, whether newly-formed or well-established. Top 7 Productivity Tools for Accountants Please let us know if you have any questions after reading the blog, or if we can[…] Read more »

How to Create a Forecast Based on Historical Xero Accounting Data

In their more reflective moments, accountants often say, perhaps ironically, that a set of accounts is not worth the paper it is written on.  Surely, they are not being serious? But think about it.  Traditionally, a set of accounts is produced some months after the year end.  Great for calculating the annual corporation tax bill, but[…] Read more »

13 Reasons Why You Need a Business Plan

We are always telling clients they need a business plan.  Our usual comment is something along the lines of “Well you wouldn’t jump into your car and not know where you were going to, would you?” or words to that effect. Here is FUTRLI’s take on the subject: 13 Reasons You Need a Business Plan[…] Read more »

Say Goodbye to Excel with Xero/QBO & FUTRLI

FUTRLI have written an excellent blog on this.  Check this out: Say Goodbye to Excel with Xero/QBO & FUTRLI Please contact us if you have any questions about this blog.

Making Tax Digital – how and when will it affect you?

There is, to say the least, a certain amount of confusion over Making Tax Digital and how it will affect business owners (“MTDfB”).  First it was on, then it looked as if it might be off, and finally it looks as if it’s on but there will be a year’s delay. In view of this we have worked[…] Read more »

Legislation to implement ‘Making Tax Digital’ put on hold

Legislation to implement the government’s Making Tax Digital initiative has been put on hold. The plans, which would see businesses and the self-employed submit multiple tax returns via computers or smartphones, have been met with widespread criticism. However, following last week’s announcement of a general election, the government has decided to drop 72 out of[…] Read more »

The Budget – Good, Bad or Indifferent?

What’s appropriate? One of the tax changes which gained a nanosecond in the budget speech was the TCGA 92 s161(1) rule about appropriations to and from stock. Philip Hammond called this “converting capital losses into trading losses”. Why is this relevant or being tackled at this time? As part of general anti-avoidance the option to[…] Read more »

The New Marriage Allowance – Have you claimed?

It is not often that HM Revenue & Customs (HMRC) is happy to reduce your tax bill for you, but the possibility of doing so this year seems to have been overlooked by most married couples. How it works In a nutshell, the Marriage Allowance lets you transfer £1,100 of your Personal Allowance to your husband, wife or civil partner[…] Read more »


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