BEING BUSY ‘V’ BEING PRODUCTIVE

In today’s hyper-connected business environment, it seems we are all busier than ever. Whether we are responding to emails outside of office hours or taking a call while on the way to a meeting, there is so much going on in our work lives that it’s easy to lose focus on getting the most important[…]

DESIGN THINKING

 When we think of designing something, most of us tend to think of an object or an end result such as a “well designed product”. However, “Design Thinking” can be applied in business too.   Design as a process Designing something tends to require various prototypes to be created and evaluated in order to agree[…]

ADVISORY FUEL RATE FOR COMPANY CARS

There have been changes for the mileage rates of company cars. These are the suggested reimbursement rates for employees’ private mileage using their company car from 1 September 2018. Where there has been a change the previous rate is shown in brackets.   Engine size Petrol  Diesel LPG 1400cc or less 12p (11p) 7p 1600cc[…]

CLASS 2 NICs TO CONTINUE FOR SELF-EMPLOYED

In 2016 the government consulted on a proposed abolition of Class 2 National Insurance contributions (NICs) for the self-employed.   This flat rate contribution, currently £2.95 a week is payable by the self-employed in addition to Class 4 contributions based on the level of profits. The flat rate contributions were due to cease on 5[…]

Make more of social media

Your business can use social media to deliver great customer experiences and develop deeper relationships.   Creating good content and distributing it through social media can be a very effective way to grow your business. That’s why businesses like PWC, Amazon, and McKinsey invest huge amounts of resources into producing great content that people want[…]

Innovation – One Step At A Time

Innovation in business doesn’t necessarily mean you have to make great leaps forward. Sometimes little steps can be just as transformative.   Innovation doesn’t necessarily have to involve massive change programmes and unsustainable levels of activity. Not every business needs a revolution.   Your business doesn’t necessarily need to be the next Google.   What[…]

Leadership Development

It is the management team’s responsibility to invest in, develop and grow the firm’s next generation of leaders.   In order to construct a solid framework with which you can develop the next generation of leaders in your firm, it’s best to start by identifying the attributes and capabilities of the existing leadership team and[…]

Augmented Reality Tech

Along with artificial intelligence (AI) and facial recognition, Augmented Reality (AR) is one of the big technology trends this year.    Mobile point of sale, using a smart-phone or tablet to take payment for goods and services, is now pretty well established. AR is the next step on from this.   AR technology arguably broke[…]

Ask Alexa to contact HMRC for help

HMRC has launched new and innovative technology to help more than 3 million customers renew their tax credits.   HMRC has developed a customer-focused service through Amazon Alexa specifically for those seeking help with their tax credits renewals.   Customers with Amazon Alexa-enabled devices can ask Alexa to ‘open HMRC’ and ask for help and[…]

CGT on property sales due with 30 days from 2020

Draft legislation in the next Finance Bill will introduce significant changes to the reporting of residential property disposals and the payment of CGT from 6 April 2020.   Currently, non-UK resident taxpayers disposing of UK residential property are required to report the disposal to HMRC within 30 days. The new legislation extends this reporting obligation[…]

Spreading the 2019 Loan Charge

HMRC require you to register with them by 30 September 2018 to settle taxes due under the new rules for loan charges, on preferential terms, before the outstanding loan charge arises on 5 April 2019.   This new tax charge applies to any outstanding employment loans that exist as a result of a disguised remuneration tax[…]