Latest News

Another Score for Derby Family Firm Shapcotts Accountants as New Recruit Rocks!

After 30 years serving the Derby business community Shapcotts Accountants is expanding again with the appointment of a new senior Client Relationship and Accounts Manager. Qualified Chartered Accountant Stephen Walker (48) joins Shapcotts after 12 years as Finance Director at the Derbyshire-based logistics firm Lockwood Group.

Trivial Benefits

Remember that from 6 April 2016, benefits are exempt from tax and NICs if all the following conditions are satisfied: 

Changing your Company Car? What About a Hybrid Next?

The next Finance Bill will include legislation to reduce significantly the taxable benefit on the provision of low CO2 emission cars from April 2020. 

From 2020 there will be a 2% benefit in kind for company cars that emit no CO2 such as electric and hydrogen powered cars. At the same time the system for taxing hybrid company cars will also be significantly changed. For example a hybrid car emitting less than 50g CO2 per kilometer will also have a 2% P11d benefit provided it has a range on its electric motor of at least 130 miles.

Reporting Expenses and Benefits Provided to Employees

HMRC have recently updated their toolkit dealing with the reporting of expenses and benefits provided to employees and directors in the light of significant recent changes in this area. HMRC toolkits are designed to help minimise the risk of errors in returns and computations and their use...

Reporting VAT Online - Aren't we Doing That Already?

Last month we reported that the government had announced the delay of Making Tax Digital for Business (MTDfB) to 2020 at the earliest but that quarterly VAT reporting, using the new system will be mandatory from 2019. 

Is Your Company Carrying Out Research and Development?

Many companies are still missing out on valuable tax breaks for expenditure on research and development (R&D).  Revenue and Customs (HMRC) have recently updated their guidance on claiming R&D tax credit relief and have reminded companies that it is possible to obtain advance assurance that the R&D activities are eligible to make a claim.

New Company Loss Rules to Go Ahead

The Finance Bill due to be debated in early September will finally include the new rules for the set off of company losses that were originally announced in March 2016.

As a result of the first Finance Act being rushed through due to the snap General Election the legislation to introduce the new company loss relief rules was dropped. This led to considerable uncertainty as to the start date of the new rules but it has now been confirmed that the new rules will apply from 1 April 2017 after all.

What do Future Leaders Look Like?

True leadership skills must be learned and practiced before they become second nature. So what do future leaders look like and how can you help them to develop their skills?

Some members of your team will be high performers but that doesn’t necessarily mean that they will be natural leaders. An individual's past performance is a measure of their ability and expertise, but you need to look beyond performance to understand an employee's appetite to grow, to develop others, to articulate a vision and communicate a strategy.

Creating a Learning Culture in Your Business

Creating a learning culture in your business involves a lot more than finding the right mix of training courses and seminars.

It’s about creating a mindset among your team. Leading businesses such as Apple, Google, SAP, American Express have embraced learning cultures and tend to outperform their competitors in their respective market sectors. So how do you create a learning culture in your firm?

7 Most Commonly Asked Questions about Contract of Employment

1.    Do I need to provide them?

Yes! A written statement of particulars of employment must be provided within two months of the employee starting employment, however as soon as possible is best practice. This contains the terms that legally you must agree with the employee. Employers can then choose to include other terms and conditions or polices to form the Contract of Employment.

2.    What do you need to include?

Pages