It has been announced today, March 23rd, that HMRC are deferring VAT payments for all businesses in the UK for a period of 3 months up to June 30th of this year. This is of course to lessen the load for businesses who are being badly affected by the coronavirus pandemic. The VAT Deferral Is …
New Working Practices In Light Of The COVID-19 Threat
We are writing this blog to keep you up to date on the new working practices we are putting in place to ensure we keep both customers and staff as safe as possible whilst the threat of the Coronavirus hangs over us all. Telephone Based Service In light of this threat we, WHR Accountants Ltd, …
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Why An Audit Can Be Beneficial For Your Business
Many businesses think that having an audit of their business once a year is a necessary evil and if they had the choice they wouldn`t bother with one. What they are failing to realise is that an audit can be extremely beneficial to a business if carried out efficiently. Keeping Compliant In order to remain …
Budget 2020 & Its Impact On Businesses
The Budget delivered by new Chancellor of the Exchequer Rishi Sunak last week was certainly a head turner, as the Conservatives didn`t just loosen the purse strings, they tipped the purse upside down and squeezed as much money as they could out of the coffers. Measures To Lessen Impact Of Coronavirus There were two reasons …
Negotiating Uncertain Times Requires Planning & Expertise
We were already heading into very choppy waters after Brexit, with so much uncertainty surrounding how leaving the European Union would pan out, including what trade deals would we be able to set up, what the new immigration rules would be and what changes would there be to employment law etc. Coronavirus Sweeping The World …
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Businesses See The Need For Speed From Their Accountants
A recent survey has shown that many SME’s believe speed is one of the most essential requirements of their accountants, along with them being tech savvy. The survey was carried out by business software provider Exact in which they spoke to 2,500 SME’s and accountants.Because their clients are looking for them to be able to …
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Calls For The Government To Give The Self Employed A Break
There have been calls for the Chancellor to make tax changes in the Autumn statement and give a break to the five million employed people here in the UK, as critics of the Governments tax policy feel that they have been targeted unfairly and punished enough.Speciality accountancy firm Danbro feel that there are too many …
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Good News For Self Employed As Hammond Does U-Turn
There was welcome news for the self employed last week after Chancellor of the Exchequer Phillip Hammond did a u-turn and decided not to raise National Insurance Contributions (NIC) for them. This was after the Chancellor came under enormous pressure from his own party to change his budget announcement on NIC for the self employed. …