Category: <span>Langricks</span>

Furlough scheme to end September 2021

There are still a significant number of UK employees that are furloughed. The Government have announced that this scheme is scheduled to end 30 September 2021. Businesses that are struggling to re-establish themselves following the downside effects of repeated lockdown, may be faced with difficult decisions as this deadline approaches. The pundits are expecting a…




Accounting Terminology Basics

Though, of course, as a business owner you will need to relay upon the skills of a qualified accountant to help with the financial management and reporting of your business, it is important that you develop a keen grasp of some of the concepts and principles involved in managing the finances of your business. Here…




New tariff suspension scheme for the UK

To reduce costs for UK firms that import certain goods from abroad, the Department for International Trade (DIT) has announced a new tariff suspension scheme. The aim, according to a recent press release, is designed to make UK companies more competitive. The published details of the scheme are reproduced below: From next month, firms based…




ACCA announces that new tax policies announced at G7 meeting face significant challenges

Acca has reported that new tax policies announced in the recent G7 communiqué will face hurdles as the proposals are yet to be agreed by the G20 and other jurisdictions, asserting that the three foundations for a sound tax system are simplicity, certainty and stability. Achieving minimum tax level of 15% across multiple country jurisdictions…




Guide to completing your tax return

Perhaps the easiest and most pain free way to fill in your tax return is to get your accountant to do it, though of course there will be an element of hard cost attached to this. However, if you want to go down the do-it-yourself route there are some simple steps to follow: Register for…




Five Top Tips on what to look for as a small business when choosing an accountant

As a small business owner choosing the right accountant is one of the most important decisions you can make, and what works for one business may not be appropriate for another. This quick guide is designed to provide you with some of the most critical points to consider. Research and make your choice early Ideally…




Money laundering: do you fully understand the risks?

Essential due diligence  Accountants play an essential role in preventing money laundering by understanding risks, meeting regulatory obligations and encouraging compliance and good practices to mitigate these risks. Reviewing firm-wide risk assessments of money laundering threats on a regular basis is imperative for accountancy firms to make sure they have identified all the areas relevant…




Quick company ‘fit for new business’ health

As we near the end of the COVD restrictions, more and more businesses are getting ‘fit’ for a re-start. The following thoughts and questions may quickly lead you to raise some relevant actions and perhaps get you focussed on getting back into some level of new business planning. New Client Acquisition How ready are you…




Do KPIs guarantee success?

Matching the right KPIs to your business strategy; keep it relevant!  If you have a good grip on what makes your business tick then it’s useful to be able to ‘glance’ at the business and its performance against plan by way of a brief set of business measures; Key performance Indicators (KPIs). KPIs typically track…




Tips to boost your chances being accepted for a self-employed mortgage

There are several steps you can take to increase your chances of getting accepted for a self-employed mortgage: Save for a bigger deposit: As with any type of mortgage, the more you can save up for a deposit, the more likely you are to get accepted for a mortgage and secure the best interest ratesCheck…