EMPLOYEE BENEFITS DON’T NEED TO BE EXPENSIVE

Work life balance and flexible working benefits may be more valued than some of the more expensive employee benefits offered by some businesses.   Google is well known for providing everything from free food to onsite gyms, while Netflix has joined the bandwagon of firms offering unlimited holidays. What these employers demonstrate is that in[…]

THOUGHT LEADERSHIP

Thought leadership can be a very effective marketing tool but successfully implementing a thought leadership strategy is a lot harder that it sounds.   A thought leader is someone who, based on their expertise and perspective of an industry, offers unique guidance, inspires innovation and influences others. Their views on a subject are taken to[…]

TIME FOR AN ELECTRIC COMPANY CAR?

The government has announced that there will be a zero P11d benefit for the drivers of electric cars from 2020/21. This is instead of the 2% scale charge that was originally included in Finance Act 2017 to apply for 2020/21. The legislation for the change will be included in Finance Bill 2020 and it is[…]

GET READY FOR THE “OFF-PAYROLL” WORKING RULES

Where large or medium-sized organisations are paying workers via personal service companies or agencies they will need to operate new procedures from 6 April 2020. The new rules will apply to partnerships, LLPs and larger charities as well as limited companies. Only those organisations that would be classed as “small” under the Companies Act criteria[…]

BUILDERS’ VAT RULES DELAYED FOR A YEAR

The government have decided to delay the start of the proposed VAT reverse charge for supplies by sub-contractors in the construction sector. The reason for the U-turn is the lack of awareness of the change that was originally due to start on 1 October 2019. Many sub-contractors, and some main contractors, were not prepared for[…]

OUR DAY AT THE RACES

I put a bet on a horse to come in at 10 to 1 – and it did! Unfortunately, all the others came in at 12.30.   Sorry! But that about sums up my success at our recent day at the races. In late September, the MMGA team ventured to Perth Race Day. Despite the[…]

CHANGES TO YOUR BANK FEED

If you use cloud accounting software such as FreeAgent, QuickBooks or Xero, important changes are taking place in September that will affect you.   The open banking initiative runs alongside the EU’s Second Payment Services Directive (PSD2) which came into force in January 2018. The effects of PSD2 are starting to roll out, and if[…]

HOW TO MEASURE RETURN ON MARKETING INVESTMENT

  Calculating return on investment (ROI) on marketing activity has been a longstanding challenge for businesses. Next year MMGA celebrates its 100th anniversary, so I have been contemplating our marketing budget. I thought it useful to share my thoughts with you:   Return on marketing investment is a metric used to measure the overall effectiveness[…]

THE POWER OF SAYING “NO”

It’s important to be able to say “no” at work without making enemies.   It’s a simple word, but one that far too many of us have trouble saying. Perhaps it is because you’ve become successful by saying yes to every business opportunity, every request that has come your way, in order to grow your[…]

WHEN IS A VAN NOT A VAN?

HMRC are being urged to provide clarity and consistency on the tax treatment of commercial vehicles such as VW Kombi Vans marketed as goods vehicles. The need for clarity follows the ruling in an important tax tribunal case involving “vans” provided to employees of Coca Cola. The court has upheld the HMRC view that certain[…]

VAT REVERSE CHARGE FOR BUILDING AND CONSTRUCTION SERVICES

The Government is introducing a VAT reverse charge on certain building and construction services. The legislation will come into effect on 1 October 2019. This is a very significant development which will present major challenges for many building contractors. Businesses involved in buying and selling construction services will need to understand the new rules.  […]