Protecting your organisation from cyber threats is more critical than ever in today’s digital age. One of the most effective ways to protect your organisation from cyber threats is through comprehensive end-user training. Decisive IT is Whitings LLP’s IT consulting and support subsidiary and we offer an end-user cybersecurity training service. This provides a…
Why do businesses get de-banked? MP’s on the Treasury Committee have recently looked at an issue that has been creeping up on some SME’s recently and causing real problems – where your bank shuts your account without your instruction and without warning. The committee have discovered that this has occurred 130,000 times over…
Although it has been with us since 1999, IR35 tax rules will probably be unfamiliar to most readers. These anti avoidance rules were introduced to stop workers reducing their taxes by structuring their affairs to get paid via their own personal service company. Where ‘caught’ by IR35, such arrangements would then collect the same amount…
Former rugby player and Sky commentator, Stuart Barnes, has won his £695k appeal against HMRC. HMRC determined his contract for Sky from 2013 to 2019 should be subject to Income Tax and National Insurance. Using previous case law, it was agreed there was mutuality of obligation (MOO) and a sufficient degree of control by…
If you were interested in offering your employees the Cycle to Work Scheme, there are three main methods you could use: Salary Sacrifice Loan Pooled cycles Method 1: Salary Sacrifice Under this method, your employee would be agreeing to sacrificing part of their salary before tax and you would provide the hire of…
>>> Stop Press <<< The Government reversed this decision on Friday 14 October 2022. Todays ‘fiscal event’, announced by the Chancellor Kwasi Kwarteng, promises the 2017 and 2021 off-payroll working reforms of IR35 will be scrapped, to simplify the tax system. Those laws had required the end client, and not the contractor, to…
HMRC have released their latest Advisory Fuel Rates to be used from 1st March 2022. These rates should be used when you:- Reimburse employees for business travel in their company cars Need employees to repay the cost of fuel used for private travel Rates The advisory electricity rate for fully electric cars…
Due to the continuing difficulties that Covid continues to present, today HM Revenue and Customs (HMRC) have announced they are waiving late filing and late payment penalties for Self Assessment taxpayers for one month – giving extra time, if needed, to complete your 2020 to 2021 tax return and pay any tax due. HMRC…
For some businesses having a strong credit rating is fundamental to their future success. It can affect availability of supplier credit, the ability to borrow and eligibility to be on customer/prospect tender lists as an approved supplier. For many other businesses, however, this credit rating is totally irrelevant. Experian is one of the major…
Those businesses with comprehensive commercial insurance cover will possibly be covered for ‘business interruption’. This cover will typically include losses arising from events that close or severely disrupt operations. The COVID pandemic has already led to many claims under this. The insurance industry (as you might expect?) has warned that few policies are likely to…