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Forrester Boyd News
Forrester Boyd Accountants App

The free App from Forrester Boyd accountants in Lincolnshire and the Humber Region is so much more than a set of tax tables Forrester Boyd was one of the very first accountancy firms in Lincolnshire and the Humber Region to launch a free mobile App.  The great news is that this App can be downloaded free onto your iPhone, iPad or Android devices.  It’s packed full of really useful tools such as a mileage tracker and an expenses module as well as the usual tax tables, calculators and important financial dates. Access, all of this and more, for free anywhere […]

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Forrester Boyd News, Small Companies
HMRC

We have seen recently how HMRC have changed tack challenging the traditional ‘cash’ businesses. HMRC have always showed a great deal of interest in such businesses and have opened tax enquiries into the records using their formal channels. That is now changing. Not for the better, I hasten to add. HMRC are now undertaking unannounced visits. So how do such visits differ from a ‘normal’ enquiry and what are traders’ rights if they have the misfortune of suffering such a visit? Let us firstly look at a traditional enquiry. HMRC undertake PAYE, VAT, Income Tax and Corporation tax enquiries but […]

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Forrester Boyd News, Small Companies, Tax
Research and Development

My limited company doesn’t own white lab coats so can’t possibly claim for research and development (R&D) tax credits? This perception couldn’t be further from the truth. Recent statistics published by HM Revenue and Customs indicate that 21,865 R&D claims were made in 2015/16 from SMEs, with R&D expenditure amounting to £4.6 billion. In Yorkshire and Humberside 1,500 SME claims were submitted amounting to £60 million of the £1.3 billion R&D tax credits submitted by SMEs across the country. If you drill down in to industry sectors then you quickly appreciate that SME R&D claims are being submitted from a […]

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Forrester Boyd News, Small Companies
motivate

I’ve recently been re-watching one of my all-time greatest sitcoms – The Office.  I tend to do this every couple of years.  What struck me this time around was how much David Brent thinks he is motivating his staff with humour.  Now, don’t get me wrong humour is a legitimate way to motivate staff, and one I use quite often (well I think I do, I’m not sure what other people will say to that).  To think that everyone is motivated by humour though is just wrong.  In fact there is no ‘one size fits all’ when it comes to […]

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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
Online accounting

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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