Business Blog

2018 got off to a great start for us here at Smith Butler as, following a compliance visit from ACCA, the global professional accounting body, we were notified that Smith Butler has now been awarded Platinum Status in their ACCA Approved Employer Programme!

You may have noticed from our social media posts that we sponsor sports teams local to our business, the two we have so far mentioned are Bradford City FC and Dewsbury Celtic Rugby League U16s. Additionally, we also sponsor Eccleshill United Football Club and the first tee at Northcliffe Golf Club and we thought it would be interesting to share the many business and personal benefits that our sporting sponsorships bring.

If you’ve been reading any type of business website or magazine in the past few months, you will surely have seen articles and references to Making Tax Digital, the UK Government’s visionary scheme to modernise the current tax system.

The internet has turned out to be an incredible asset for small and medium sized enterprises. It allows us to sell our goods and services to a much wider audience, and online selling platforms such as Amazon, Etsy and Ebay have a been a great assistance for companies wanting to reach out to people across the country and indeed the world. But when a third party is involved VAT can become confusing, and sellers can end up paying out more in VAT charges than they initially calculated. So we thought we’d take a look at the rules and regulations when it comes to VAT and online selling and debunk some of the mystery.

Inheritance Tax has long been a controversial topic and last summer George Osborne, the then Chancellor, announced various changes. It is thought the changes are aimed at meeting the 2010 Conservative manifesto promise to increase the Inheritance Tax threshold to £1m, but without overtly saying this for fear of political ramifications. The changes are due to come into effect on 6 April 2017.

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