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AMAZING EVERYDAY XERO TIME SAVERS FOR SMALL BUSINESSES
If you’re a small business you have probably heard of Xero cloud accounting solution. It’s the fastest growing cloud accounting platform out there, that’s why we decided to promote it to our clients and why we became a Xero Partner. Xero can transform the way you run your business, streamlining and simplifying the financial administration and…
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Selling your business
Part 1: Do I need an adviser? Advisers either add cost or value. Most business owners will have never engaged a corporate finance or M&A adviser before, so are understandably cautious about whether their involvement will be beneficial, especially if they already have an offer from a buyer on the table. In broad terms there…
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Can you afford to ignore Auto Enrolment Penalties?
The Pension regulator has issued recent guidance including an update on penalties issued in their compliance and enforcement bulletin which shows that the number Auto Enrolment penalty notices (AEPN) issued has risen sharply. Employers with 1-4 staff who don’t comply with the EPN before the deadline set down in it will be fined £50 per day, while…
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Small firms unaware of the Bribery Act
A recent report about the awareness and impact of the Bribery Act 2010 among smaller firms published by the Ministry of Justice (MoJ) and the Department for Business (BIS) reveals that a third of smaller firms have either not heard of the Bribery Act or are unaware of their liability for the failure to prevent…
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Charities denied millions from on-line donations by HMRC
CHARITIES have been denied millions of pounds because donors wrote personal messages on fundraising website JustGiving, according to a recent article in The Times. Officials at HM Revenue and Customs launched an attack on charitable donations last November by instructing staff at JustGiving to remove gift aid where a personal message had been left which referred…
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Action plan to simplify EU VAT regime
The VAT Action Plan announced recently by the EU Commission consists of four main threads A single EU VAT system Plans for dealing with VAT fraud Intention for member states to choose their own rates Support for e-commerce and SMEs The first thing to note is that the plan is primarily a discussion document and…
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National living wage, new apprentice NI rates, and employment allowance
National Living Wage From 1 April 2016, the government introduced a new mandatory national living wage (NLW) for workers aged 25 and above, initially set at £7.20 – a rise of 50p relative to the current National Minimum Wage (NMW) rate. That’s a £910 per annum increase in earnings for a full-time worker on…
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Companies Warned about new Transparency Law!
Does this spell the end of “secretive” company structures? With effect from 6TH April 2016 every UK Company is required to obtain and hold beneficial ownership or significant control information and, from June 2016, provide this information to a central and publically available registry. The register will be known as the Register of People with…
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Are VAT Inspectors an Endangered Species?
During the past few weeks, a number of business have received notifications from HMRC, informing them that it would like carry out a “remote” VAT audit. This latest style of VAT audit seems to be focused on small and medium sized businesses (SME’s) which is consistent with HMRC publicly-stated initiatives to increase revenue yields from…
Last week, our trainees took part in an internal audit training session designed to strengthen their technical knowledge and support their professional development. While gaining practical skills was the key objective, we also wanted to make the learning experience engaging and enjoyable, so we incorporated some games. At Burgis & …
October 14, 2026
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