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Practice News

HMRC issues warning on tax refund scams.

HMRC is calling on people to stay vigilant in the fight against fraudsters, who are using email and text messages to scam them out of their savings. The tax authority is currently processing tax refunds after the end of the 2017/18 tax year. However, criminals are taking advantage of this by sending out scam emails…Read More

FRS 102: Related party transactions for small companies

Steve Collings gets to grips with an issue that has caused confusion for practitioners: the disclosure of related party transactions for a small company. This article discusses some of the points practitioners should consider, as the requirements in Section 1A Small Entities of FRS 102 are not as straightforward as they might first appear. Section…Read More

What is Cash Flow and How can SMEs Improve Theirs?

As the proud owner of a start up, your number one priority should be maintaining a healthy cash flow. Now, we know – you are stretched thin and everything feels like it is your top priority, but trust us on this one. While filing away your receipts meticulously might not seem like the most important…Read More

Is Your Small Business Prepared for GDPR? April 23, 2018

The 25th May is just around the corner, and with it the deadline for getting your head around the European General Data Protection Regulation (GDPR). You should have your ducks in a row and ready, but do you? Do you know everything you need to know about GDPR and what it means for your small…Read More

The changing role of the accountant – Part 2

26th Apr 2018 One of the most talked about drivers of potential change to the role of an accountant is Making Tax Digital (“MTD”). There is an abundance of information available aimed at ensuring accountants guide their clients to choose the correct software and systems to cope with MTD.  There is also a lot of…Read More

The changing role of the accountant – Part 1

Brought to you by Countingup 24th Apr 2018 For nearly a decade I’ve worked with accountants. That period began at ICAEW where I worked with mainly smaller practices supporting them as they trained ACA students.  During that period I saw the ACA undergo one of its regular updates to ensure the syllabus kept pace with the…Read More

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