With the rising costs of energy affecting both homeowners and businesses, many are looking to renewable forms of energy to reduce their costs. Harvesting solar power with solar panels is one alternative. Sites can range from the roof of your house to hundreds of acres of rural land. Grants are available for homeowners to…
Having received a copy of a letter a client has received from HMRC today, it states that due to inactivity on your VAT account your direct debit instruction has expired. If you wish to pay by Direct Debit in the future you will have to complete another Direct Debit instruction, either online or by post.…
With the reduction of BPS over the coming years and movement in Sustainable Farming Incentives, many farmers/growers are looking for alternatives to traditional crops. One crop that has come to my attention recently is Mustard. Through a cooperative, English Mustard Growers Ltd, mustard is being sourced throughout Norfolk, Suffolk, Cambridgeshire and Lincolnshire. The benefits…
Small and medium sized businesses are critical to the UK’s economy. As part of the Chancellor’s Plan For Jobs, Help to Grow: Digital has been launched. Digital software can help build customer relationships to increase sales, manage accounts and finances digitally or make the most of selling online. Choosing the right platform to use…
If there is one question I have been asked by our business clients more than any other since the pandemic began, it is “How can I tax efficiently purchase a garden home office pod, to run my business from”? Unfortunately there is no simple single answer to this question, and best advice will depend…
Please be aware of the following current bank feed disruptions in Xero, as per Xero’s blog page, with the following banks as of 9th December 2021 : AIB (UK) (Open Banking) Currently AIB (UK) credit cards are unavailable to connect through bank feeds. We’re looking into getting this reinstated. For now please manually import…
Arising from the current COP26 global warming conference, Sage, The ACCA and the ICC have called on urgent action to be taken to standardise and simplify carbon reporting to help SMEs join the race to Net Zero. Their new report titled ‘Think Small First’ calls on policymakers to remove the existing administrative burdens that come…
From Monday 18th October 2021, clients using Sage50 Accounts will be sent a software update for version 28. Some of the new features of the software: New – customisable business dashboard showing you key business information, without the need to run numerous reports New – access the Sage 50cloud Accounts Help Centre directly…
When COVID directly impacted upon the UK in Spring 2020, the Government introduced a range of measures specifically targeted to help SME businesses survive the expected period of financial strain. Such businesses should now be planning ahead for when this support is gradually withdrawn: 21-Jun-21 Deadline for arranging with HMRC when to repay COVID related…
Sage50 VAT T codes (from v27.1 onwards): T0 – Zero rated transactions T1 – Standard rated transactions – Currently 20% T2 – Exempt transactions T4 – Sale of goods to VAT registered customers in EC T5 – Lower Rate – Currently 5% T7 – Zero rated purchases of goods from suppliers in EC T8…