Latest Blog Articles

Forrester Boyd News, HR
Onboarding

At Forrester Boyd, summer brings an influx of new starters due to our trainee accountant intake. Summer 2017 has seen us welcome 9 new trainee accountants alongside a number of further recruits across the business. We recruited these members of staff because they impressed us through our hiring process and now it is our turn to impress them and ensure we get off to a good start. Do you remember the last time you started a new job? I do. I remember the fear of stepping into the unknown, the sea of unfamiliar staring faces and most of all – […]

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Forrester Boyd News, HR
Personnel Services

Having the right person in the right place at the right time is crucial to an organisation’s performance and success.  Unfortunately it can also be extremely problematic.  As one of the area’s leading training organisations and providers of recruitment services to clients, we have built up a wealth of experience and expertise in this area. Based upon this experience I have put together the following top ten tips to help you get the right people into your business. Take time to gather information on the role you are recruiting for and consider if you really need to replace or if […]

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Forrester Boyd News, Tax
Tax Freedom

Phew, it has been a long hard slog but we have finally made it. What you may ask. Well, all that hard earned money is now yours to spend as you wish because Tax Freedom Day, the day when Britain stops working to pay their taxes and start earning for themselves has now been and gone. Although that momentous day was 12th June, this got me thinking about how we can manage our pay and tax to our benefit rather than the tax man’s? Well here are my top tips. Salary Sacrifice Although the days of Salary Sacrifice may be […]

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Forrester Boyd News, Seafood
VAT & Seafood

VAT notices 701/40 and 701/14 may not be the most riveting of notices, or top of your list of ‘must read’ literature whilst you’re on your summer holidays this year. But if you’re in the food processing sector – should they be? For the seafood sector it’s easy enough to dismiss VAT implications on your sales or ‘outputs’ as fish as a rule is a zero rated supply. There are however certain – not inconceivable – scenarios in which seafood businesses can get into deep water with the current regulations. VAT is a notoriously sticky area with rules followed up […]

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Forrester Boyd News
Paper files

The Annual Clear-out I’m going to get right into the thick of the action with this blog post and talk about paper files and how those files are stored on a year-round basis. It’s a good feeling, to get straight to the point and to cut out all that waffling on nonsense. To kick off let’s talk about volume and I don’t mean the volume of the TV remote variety, but rather the numbers side of things. We have thousands of files in storage at our off-site facility, and every year many of the files are destroyed to make way […]

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Forrester Boyd News, Tax
Tax Digital

The one certainty arising from the results of the General Election is that we are entering a period of uncertainty.  Setting aside political manoeuvrings and machinations there is the small matter of Brexit that will need to be dealt with by whoever ends up in power. More specifically for our business and landlord clients there is the inherent uncertainty over Making Tax Digital.  The timetable for implementation announced in March’s budget must be in danger of sliding given the the larger scale issues that need to be addressed. If you have no idea what Making Tax Digital is then this […]

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Forrester Boyd News
Seafood; expansion

The opening of the UK’s largest fish and chip restaurant in Cleethorpes is a sign of a seafood business expanding into a new territory and attempting to increase in turnover, market share and of course ultimately – profits. Whether you think it’s a good use of the iconic Cleethorpes Pier or not; or whether you like the fish & chips on offer are points up for debate – but did it make you think about expansion for your own seafood business? If the answer is no then I wonder what it is that’s stopping you. Common themes here are: Location […]

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Forrester Boyd News, Tax
Making Tax Digital for Businesses

The removal of large swathes of the last budget’s content from the Finance Bill included plans for the implementation of Making Tax Digital.  Does this mean that businesses and landlords with income above the VAT registration threshold can heave a sigh of relief and forget about what might happen in April 2018?  The answer, as with so many tax related issues, is “It depends”. Primarily it depends upon the outcome of the general election.  If the widely predicted Conservative victory comes to pass then there is no obvious reason why this piece of legislation should not simply be dropped into […]

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Forrester Boyd News
first impressions

How often have I heard it said that ‘you only get one chance to make a first impression’ or that it takes just 7 seconds for someone you meet for the first time to decide if they will do business with you … or not. I have a lot of ‘first time meetings’ with business owners which seem to go down well since 30% of them result in us doing business together. What’s my secret you may ask? – well no secret, more of a consistent approach towards ensuring the prospective client gets the most out of the time they […]

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Forrester Boyd News, Tax
self assessment

Tax return penalties It may not come as a surprise to learn that if your self-assessment tax return is late you are going to be charged a penalty.  What may be surprising is the potential size of the penalty.  After 6 months the amount due in penalties would be £1,300.  I’m afraid that this is not a typo, and what is more, this can be increased by £10 per day until the return is submitted. Unlike in the “good old days” there is now no longer any mitigation based upon the amount of tax due, so the penalties stand even […]

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