Blog

  • Does my company need to publish its tax strategy online?
    20th March 2018

    Does my company need to publish its tax strategy online?

    From 2017, two types of UK company are required to publish their tax strategy online. The first is where UK turnover exceeds £200 million or UK assets exceed £2 billion (either in a single company or across the group to which the company belongs). The second is if they are a member of a multinational group with global income of €750 million.
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  • Does my company need a Senior Accounting Officer?
    19th March 2018

    Does my company need a Senior Accounting Officer?

    A UK company with turnover in the UK of £200 million or UK assets of £2 billion must appoint a Senior Accounting Officer (SAO). The same applies for UK companies that are members of groups where combined UK turnover or assets exceeds these totals.
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  • Box Office Phil Ditches the Red Box
    13th March 2018

    Box Office Phil Ditches the Red Box

    The introduction of the Spring Statement as one of the Chancellor’s first acts really is a testament to his ironic nickname “Box Office Phil” as he is renowned for avoiding a showmanship style of politics in favour of caution to avoid unintended headlines.
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  • GDPR - implications for the hotel and tourism sector
    13th March 2018

    GDPR - implications for the hotel and tourism sector

    Businesses within the hotel and leisure industry must comply fully with the EU General Data Protection Regulation (GDPR) by 25 May 2018. Those who fail to comply face fines of up to 4% of turnover or €20m – whichever is the greater.
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  • The benefits of cloud accounting
    12th March 2018

    The benefits of cloud accounting

    Cloud accounting packages have some very intuitive features and many of them are very helpful. If sufficient care is put into setting them up right, then they can significantly cut down on the amount of manual work required in keeping your records up to date. However, there are some features that can lead you down a path of errors and this can be terribly tricky to undo. It is therefore vitally important that the users of the software have been trained appropriately and that regular checks are carried out.
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