Tag: <span>Michael Bell and Co</span>

Jun 09 2021 June 9, 2021 June 9, 2021 by admin

UK retail sales in May saw highest rise since start of Covid crisis

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Shoppers returned to high street after lockdown measures were relaxed. The British Retail Consortium said total sales increased by 10% in May compared with the same month in 2019. A report from The Guardian has said that after the reopening of non-essential retail and hospitality venues across all four nations of the UK, pent-up demand…

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Jun 04 2021 June 4, 2021 June 4, 2021 by admin

Furlough scheme to end September 2021

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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…

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May 27 2021 May 27, 2021 June 22, 2021 by admin

Accounting Terminology Basics

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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…

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May 10 2021 May 10, 2021 June 4, 2021 by admin

New tariff suspension scheme for the UK

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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…

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Apr 28 2021 April 28, 2021 June 21, 2021 by admin

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

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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…

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Apr 22 2021 April 22, 2021 June 22, 2021 by admin

Guide to completing your tax return

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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…

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Mar 16 2021 March 16, 2021 June 22, 2021 by admin

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

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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…

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Feb 03 2021 February 3, 2021 June 22, 2021 by admin

Quick company ‘fit for new business’ health

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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…

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Jan 15 2021 January 15, 2021 June 21, 2021 by admin

Tax reliefs and allowances your business could benefit from

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Having a team of accountants and tax advisors available can ensure you explore and apply all legal avenues of tax saving. This process won’t happen overnight. It takes planning and analysis to understand what a business qualifies for. By working closely with the right accountant, you can ensure that your business is operating as tax…

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Jan 10 2021 January 10, 2021 June 22, 2021 by admin

How to move offline accounting online

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For many small businesses today, who either are online or are planning to do so in the future, it is critical to provide their customers with the easiest and most comfortable way to pay for products or services. This means it’s highly likely many of your business clients are using different services to accept and…

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