Forrester Boyd News May 2022

  • 23rd May 2022

Are there any benefits of adopting the ESFA’s Chart of Accounts?

As most of you will be aware by now, the Department for Education (DfE) devised a standard chart of accounts (CoA) for Academies in 2019. The new CoA is the DFE’s standard for fina...

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  • 18th May 2022

Making Tax Digital update

Making Tax Digital (MTD) will become mandatory for the self-employed and landlords in 2024. We have been waiting for more detail on this area of MTD and whilst there is still no ma...

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  • 18th May 2022

More disclosure on the cards for businesses

A disadvantage of running a limited company is that financial information is available to the public. However, micro-entities and small companies do not have to file a profit and l...

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  • 18th May 2022

Confusion over zero-rated food

The difference between zero-rated food and standard VAT confectionery is a critical but complex one, which has not been helped by what may appear to be apparently arbitrary rulings...

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  • 18th May 2022

Small business: double hit from rising prices

Rising prices are hurting just about everyone, however small business owners are facing a double hit: the impact on their own spending power, but also less revenue coming in from c...

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  • 18th May 2022

More people falling into the higher rate taxpayer category

Higher rate taxpayer numbers are rising sharply, and if that’s you, then professional advice is now more vital than ever before

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  • 17th May 2022

Tax planning for trying times

As the weather warms up and thoughts turn toward summer and the potential for foreign holidays without restrictions, it’s helpful to find things to plan and look forward to. Despit...

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  • 6th May 2022

Fundraising efforts for Humbercare

We've nominated the Humbercare charity for our annual beneficiary for 2021/22 and are delighted to present a cheque to the Pan-Humber charity for £3,183.25.

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