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Author Archives: Nikki Bruce

CIS Domestic Reverse Charge Delay

On Friday 6th September, HMRC responded to pressure from the construction sector by delaying its CIS Domestic Reverse Charge. The implementation of the reverse charge has been postponed for at least another twelve months, and is now due to come into effect from October 2020. For the full brief from HMRC please click here.The delay was petitioned for as many of the businesses in the affected industries did not have time to prepare for the changes. This, along with the pressures of a no-deal Brexit would Read More...

Free Training Manuals with Sage 50Cloud Subscription

September is the perfect time to brush up your skills, whether discovering new software or refreshing your knowledge of a familiar platform – take advantage of our exclusive Autumn offer and free Sage-approved training manuals for Sage 50Cloud Accounts.With every Sage 50cloud subscription order purchased by October 31st 2019, we’re giving away FREE training manuals (up to a value of £85) guaranteed to help you make the most of your software package.Sage 50cloud essentials – 1x manual Read More...

Domestic Reverse Charge – New VAT rules for the construction industry.

From October 2020, HMRC will change the way it collects VAT from businesses working in the Construction Industry Scheme (CIS). Under the existing scheme, the VAT liability lies with the supplier of services, however the changes mean that the responsibility will transfer to the end recipient instead. It is estimated that the changes will affect up to 150,000 businesses in the construction and building sector.The Domestic Reverse Charge (DRC) was announced in 2017 to combat VAT fraud in Read More...

CRM Software – Can It Help Your Business Grow?

CRM software or Customer Relationship Management was once only the domain of large organisations that could afford the solutions. However, in recent years the CRM market has evolved to offer more options to smaller businesses, allowing them to compete against their larger counterparts.CRM software saves time and makes the sales process more effective. It’s a great alternative to outdated methods of customer information tracking such as spreadsheets or notes on slips of paper, which can cause miscommunication and inconsistency. Read More...

Software: Perpetual Vs. Subscription – what’s best for business?

One of the most important questions to consider when purchasing software is Perpetual versus Subscription – which is best for your business? Of course, this depends on the needs of your business and how you intend to use the software. For example, is it important for you to always be on the latest version of the software? Do you expect to add users as your business grows?Read below to see the different benefits that subscription and perpetual software licenses offer your business.  Perpetual Software Read More...

Marketing Automation – What is it and how can you use it?

Marketing Automation takes repetitive marketing tasks and completes them automatically using pre-defined steps within your CRM software. It helps your business grow by freeing up valuable time and resources for other tasks.What is Marketing Automation?CRM software collects data from social media, website visits, online advertisements, and phone calls building rich profiles for your customers and leads, and sending them targeted content.Automation is managed using workflows or instructions on who is to be contacted, and what to do next. Read More...

Small Business Tips To Tackle Late Payment Culture

Small businesses employ more than half of all private sector workers and together they contribute more than 50% of total UK GDP. As a major driving force of the economy, the government has recognised that we need measures in place to protect small businesses from the harmful effects of late payments.Research from FSB shows that 37% of small businesses have run into cash flow difficulties, 30% have been forced to use an overdraft and 20% cite a slow down in profit growth due to late Read More...
Making Tax Digital- Are you ready?

Making Tax Digital – Are you ready?

Are you ready for Making Tax Digital? If you haven’t made the switch by 7th August you could get fined!In April 2019, HMRC’s digital tax initiative, MTD, came into effect to make VAT returns easier, more efficient and more accurate. The changes mean that any business with a taxable turnover above the £85,000 threshold will be required to file VAT returns electronically using accounting software, and will be obligated to keep digital records of all transactions.With the deadline for preparing your business looming, this is your last Read More...