Forrester Boyd blogs

Small business makes £19,000 of VAT errors – Don’t fall foul of basic cloud accounting errors

23rd May 2019

With the explosion of cloud accounting with the likes of Xero and Quickbooks on the scene, many businesses are seeing this as an opportunity to improve their accounting efficiencies, increase their access to business analysis and information and improve their cashflow though improved visibility and speed of invoicing. These are all fantastic benefits that can be achieved through the introduction of Cloud Accounting but if … Continue reading Small business makes £19,000 of VAT errors – Don’t fall foul of basic cloud accounting errors »

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Small business makes £19,000 of VAT errors – Don’t fall foul of basic cloud accounting errors

Diversification – know your business rates liability

20th May 2019

In most instances, land and buildings used for agricultural purposes enjoy an exemption from paying business rates; however, this position can change where diversification takes place.  Have you considered what the impacts of diversification can have on your business rate position? Some of the common forms of diversification we see include farm cottages being used for furnished holiday letting (FHL), renewables such as land being … Continue reading Diversification – know your business rates liability »

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Diversification – know your business rates liability

Lincoln Institute for Agri-Food Technology

17th May 2019

  As research in robotics, artificial intelligence, genetic sequencing and data analysis gathers pace, a new era of agricultural technologies are emerging, and the University of Lincoln’s LIAT is at the forefront of this Agricultural Revolution. A new advanced training centre in agri-food robotics will create the largest ever cohort of Robotics and Autonomous Systems (RAS) specialists for the global food and farming sectors, thanks … Continue reading Lincoln Institute for Agri-Food Technology »

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Lincoln Institute for Agri-Food Technology

Increased Annual Investment Allowance (AIA)

17th May 2019

The annual investment allowance (AIA) available for capital allowances increased in the 2018 Budget to £1 million until 31 December 2020. This means that the amount spent on new plant and machinery qualifying for a 100% tax deduction in the year of expenditure has increased. However, when planning the timing of expenditure, a farming business needs to consider its accounting year end date and the … Continue reading Increased Annual Investment Allowance (AIA) »

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Increased Annual Investment Allowance (AIA)

Agricultural Tenancy Reform – have your say

17th May 2019

Changes are afoot for Agricultural Tenancy Legislation.  Defra and the Welsh Government have launched two simultaneous consultations seeking views on the reforms. The consultation is directed at tenant farmers, agricultural landlords and the professions that advise them.  With the consultation period now open through until 2 July 2019, now is the time to express your opinion on the proposed changes and ensure that they are … Continue reading Agricultural Tenancy Reform – have your say »

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Agricultural Tenancy Reform – have your say

New guidance released for charities with a connection to non-charities

17th May 2019

The Charities Commission has released some new guidance for charities who have a connection to a non-charity. This can cover a range of scenarios, but the most common one we see is charities with a trading subsidiary. The Commission have identified 6 principles for managing your connection: 1. Recognise the risks – three of the main risks of a trading subsidiary are that: a. the … Continue reading New guidance released for charities with a connection to non-charities »

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New guidance released for charities with a connection to non-charities

Academies news

8th May 2019

Budget Forecast Return A reminder for Academies to submit their Budget Forecast Return Outturn by 21 May 2019 has been issued. The ESFA have strongly recommended that all academies utilise the online form provided as opposed to the offline Excel workbook to ensure any validation errors are dealt with in good time and to create efficiencies for the Trust. Should you need any help in … Continue reading Academies news »

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Academies news

Deadlines for Employers – PAYE and NIC 2018/19

24th April 2019

Are you prepared for HM Revenue and Customs PAYE requirements in the forthcoming months? You can find several important deadlines here. Please do not hesitate to contact us if you require any assistance with completion of your annual PAYE returns. Don’t incur unnecessary penalties. To stay up to date with all tax rates and deadlines download our free app. If you don’t have an Android … Continue reading Deadlines for Employers – PAYE and NIC 2018/19 »

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Deadlines for Employers – PAYE and NIC 2018/19

Academies Accounts Direction 2018 to 2019

16th April 2019

The Academies Accounts Direction is now available here. There are a few technical and presentational changes that mostly us auditors have to worry about, but below Carrie Jensen, Manager and Education specialist, lists a few of the headline changes: Clarification has been given relating to excessive gifts and alcohol stating irregular expenditure includes all alcohol and any excessive gifts including those purchased from unrestricted funds. … Continue reading Academies Accounts Direction 2018 to 2019 »

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Academies Accounts Direction 2018 to 2019

Auditors’ ‘jargon’ – Academy blog

11th April 2019

Is your audit qualified or unqualified? Is the Academy Trust a going concern? These are just some of the questions which may sound like another language if you don’t have a financial background in the auditing world.  In this blog I will try to explain below in some sort of English what on earth the auditors are talking about during our audit visit or during … Continue reading Auditors’ ‘jargon’ – Academy blog »

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Auditors’ ‘jargon’ – Academy blog