PENSION PLANNING

For most taxpayers, the maximum pension contribution is £40,000 each tax year, although this depends on their earnings. This limit covers both contributions by the individual and by their employer. The unused allowance for a particular tax year may be carried forward for three years and can be added to the relief for the current,[…]

ARE DIGITAL BANKING PLATFORMS SUITABLE FOR BUSINESSES?

Digital banking platforms such as Starling Bank or Monzo have risen in popularity, but are they suitable for business use? Digital banks have built popular apps for personal users to manage their current accounts from their smartphones. The apps allow users to easily manage their money, make payments and track their transactional activity. The digital[…]

PREPARE FOR CUSTOMS DECLARATIONS

Importers and exporters will need to complete customs declarations next year, regardless of whether the UK agrees a free trade deal with the EU. To complete declarations you will need to: Have a GB economic Operator Registration and Identification number (EORI number). Decide if you will use a customs intermediary. If you choose to complete[…]

THE OFF-GRID DAY

Blocking out a whole day once a month can work wonders for your productivity. Time management courses, books and best practice all suggest carving out some time each day to focus on being productive and working towards your goals and personal business objectives. However, this often conflicts with the emails, notifications, calls and reminders that[…]

ESG – WHAT’S IT ALL ABOUT?

Environmental, Social and Governance (ESG) criteria are a set of standards for a firm’s operations. There is growing interest in environmental, social and governance (ESG) considerations in the business community. Many people have strong views and expectations when it comes to corporate behaviour and an appreciation that businesses are part of the solution to many[…]

RUNNING EFFECTIVE VIRTUAL MEETINGS

Despite lockdown restrictions, many businesses have found ways to move their operations online, with all staff working remotely. This has given rise to an increased volume of virtual meetings on services such as Skype, Zoom, Microsoft Teams, WebEx or other popular online meeting services. This has resulted in a new challenge – how to have[…]

PERSONALISATION IN ACCOUNTANCY

Unlike a cosy tweed scarf, there is no one-size-fits-all when it comes to accounting. The ever-changing landscape of 2020 has left businesses revisiting their finances. At MMG Archbold, we create solutions that are unique to our clients and their individual needs. Whether it’s adding alloy wheels to your new car or an extra 5 GB[…]

PROTECTING YOUR BUSINESS AGAINST FRAUD

In these uncertain times, businesses are combatting an increased amount of fraud. Throughout recent months, there have been widespread reports of an uptick in fraudulent websites, charity scams and fake emails purporting to be from banks. This increase in fraudulent activity is being driven by opportunists who are attempting to take advantage of the confusion[…]

MAKING TAX DIGITAL DURING COVID-19

Three things that have made lockdown manageable: my daily walk, many chocolate biscuits, and the cloud. No, not the cloud I watch float by my window as I daydream about my next getaway, but cloud accounting. It’s tough to comprehend what the past few months would have consisted of if the movement towards making tax[…]