Forrester Boyd News

For VAT returns (period ending June 30th) you have until 7th August to submit your return. If your taxable turnover is above £85,000, you will need to ensure you have properly registered for MTD, ensured your bookkeeping records are prepared in a compliant fashion and that your return can be submitt…

More and more commonly, those annoying emails requesting our personal details keep finding their way into our inbox. This is called phishing. Email scams are now alarmingly sophisticated, personalised and as a result, much more dangerous. Hackers are taking the time to craft messages tailored to a s…

In the past year HMRC has collected £42m additional tax from landlords who have failed to pay their tax on rental income. This figure is double the previous year’s figure of £21m. The message is clear: if you have a buy-to-let property make sure you declare the income. If you don’t, and you get caug…

The government announced in the Spring Statement their intent to pursue legislation to shift responsibility for paying VAT along the supply chain with the introduction of a domestic VAT reverse charge for supplies of construction services with effect from 1 October 2019. Currently, large amounts of…

The Institute of Directors (IoD) lunch during Humber Business Week has led to a donation of £845 being made to Viking FM’s Cash for Kids. The launch day of Humber Business Week is the regular slot for the regional IoD lunch which this year saw the KCOM stadium filled with business leaders from acros…

Becoming a dad has changed my life in quite a few ways. There is obviously the lack of sleep, forcing me to become less selfish (gone are the days of me doing what I actually want), having to have Thomas the Tank Engine on TV instead of sport, holidays abroad seem a distant memory and the list goes …

We are delighted to announce that Forrester Boyd have been awarded inclusion to Handpicked Accountants, a hand-selected network of the top accountancy practices in the UK. With only 1,000 firms currently listed on the website, we are extremely proud to be part of this small, selective group. Launche…

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 …

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…

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. Reco…