The first reaction to walking into quicksand must be panic. There is no quick change of circumstance, the hapless adventurer forced to consider their fate in slow motion. What they desperately need at that point is someone on terra firma to throw them a lifeline. Many of your clients have... read more →

The summary findings of the Office of Tax Simplification (OTS) into this long-anticipated change in the tax year end date is reproduced below. Common sense would dictate that the date be changed to 31 March (from 5 April), and we would all be lined up, with no overlapping period ends,... read more →

According to a recent government press release, new plans to capitalise on the freedoms from Brexit so that our rules and regulations best serve the UK national interest was announced by Minister of State at the Cabinet Office, Lord Frost. Thousands of individual EU regulations automatically kept on the statute... read more →

Electric vehicle (EV) batteries with a range similar to internal combustion engines which can charge in as little as 12 minutes are among projects awarded £91 million of government and industry funding to develop the latest green automotive technology. Four projects have been awarded funding through the Advanced Propulsion Centre... read more →

VISA have issued information regarding changes to card processing security from September 2021. The idea is to reduce online fraud. The changes will apply across Europe. A key part of the new security arrangements is the requirement for Strong Customer Authentication (SCA). This means you may be asked to provide... read more →

Remember Parkinson’s Law? Parkinson's Law is the adage that work expands to fill the time allotted. Put simply, the amount of work required adjusts to the time available for its completion. The term was first coined by Cyril Northcote Parkinson in a humorous essay he wrote for the Economist in... read more →

Most of us believe that when you spend money the only impact is to reduce the amount of cash in your wallet or purse or bank account. Accountants, educated to view the world through double-entry lenses, see two impacts. The debit and the credit. Bank account credited and expenses, assets... read more →

The Bank of England uses interest rate reductions to stimulate the economy if spending is weak and increases interest rates if they feel the economy is overheating. The current problem the bank has is that current interest rates are at an all time low. At the most recent base rate... read more →

The UK government has been spectacularly successful in shutting down vast swathes of the UK economy in their efforts to control the COVID pandemic. What will happen next? Will we see the gradual release of restrictions as the vaccination program starts to impact infection rates, and more importantly, the pressure... read more →

In our blog post last month we said: This year, it is likely that there will be far more unfiled SA returns than in previous years. Perhaps common-sense will prevail. HMRC may not be willing to endorse a blanket extension of the 31 January deadline, but they could cancel the... read more →