It has been about 5 years since one of my clients had a visit from a VAT inspector. It always comes as a bit of a shock when they do want to arrange a visit especially as I was just about to go on holiday and they wanted the visit the week I got back! There is, of course, always concern that they have a specific reason for visiting which they are not going to tell you about until they arrive! This VAT inspection was with a business which hasn't had a visit for almost 20 years even though it has quite a complex VAT situation. …
Having spent several weeks being bombarded by emails relating to GDPR I am beginning to wonder whether anything has actually changed. I received emails telling me I had to opt in, emails telling me I had to opt out and privacy policies from businesses I don't have anything to do with. I know I am not the only one who has had enough of GDPR. Of course we all want to do the right thing for our business and I am sure most small businesses were already protecting sensitive data anyway. …
Last week was a time of celebration. A wedding has been the discussion of our office for the last few months and Saturday was the day. …
Last week I spent the day in London at the annual accountancy exhibition, Accountex, held at the ExCel. I first went to the exhibition two years ago and was amazed by the number of stands and variety of speakers. Having skipped a year to attend the Sage conference, Sarah and I decided we would go to Accountex again to find out more about developments in the accounting industry. We planned in advance what we wanted to get out of the day and went to different talks and visited different software stands so we could get the most out of it. …
Did you know you can choose which VAT Scheme you use to report VAT? There are several to choose from and it is worth considering which one is best for your business and for your cash flow. …
