Spring Budget Announcement March 2017

In his first Budget on 8th March the new Chancellor Phillip Hammond announced that he would level the playing field between employees and the self-employed by increasing Class 4 National Insurance Contributions (NIC) from 9% to 10% from 6 April 2018 and then to 11% from 6 April 2019. His justification is that the self-employed […]

Continue Reading

Tax returns completed in record time!

Hudson Business Accountants & Advisers are celebrating – after completing tax returns for their clients in record time. They prepared online returns to HMRC for all 200 clients – weeks ahead of the January 31 deadline. Della Hudson, the firm’s founder and chief business adviser, said it would give business owners peace of mind and enable […]

Continue Reading

The new higher rate VAT flat rate percentage

As covered in our News section previously a new VAT flat rate of 16.5% applies from 1 April 2017 for “limited cost traders”. This is being introduced as HMRC believe that the current system is being abused by some businesses providing their labour but who have very few costs. The flat rate scheme was originally […]

Continue Reading

Changes for public sector workers ‘off payroll’

In his Autumn Statement the Chancellor announced that the Government will implement significant changes to the taxation of workers providing their services to the public sector through their own company or via an agency. These new measures have now been included in draft clauses to be included in Finance Act 2017 which were issued for […]

Continue Reading

What game are you playing?

  “Would you please tell me which way I go from here?” “That depends a good deal on where you want to go” said the cat. “I don’t much care where” said Alice “Then it doesn’t matter which way you go” said the cat From Alice in Wonderland by Lewis Carroll If you don’t mind […]

Continue Reading

Making Tax Digital (MTD) and quarterly tax reports

In the March budget the government announced a new initiative called Making Tax Digital. The consultation documents have only recently been released and the consultation period closed on 7 November yet many business have not yet heard about this scheme which may overturn their current accounting arrangements. What is proposed so far: These consultations only […]

Continue Reading

Thinking more strategically

The business environment is volatile and this can be challenging for small businesses. Strategic thinking is an area of focus for senior managers to navigate a way forward for their businesses, despite the challenges they face in the current market. The benefit of strategic thinking is clear – competitive advantage. For most business managers, the first […]

Continue Reading

How can you use Twitter for your business?

Last year we were delighted to learn that we had been listed at number 20 in the Economia 50 list of financial influencers. It really goes to show how social media can help a small local business like ours to reach a wide audience and to “punch above our weight”. So how can you use social […]

Continue Reading

Implementing your business plan

Prepared for Hudsons by 2020 Innovation Many are familiar or have maybe even worked with teams who set strategic goals for the organisation, but fail to create an operational process to achieve them. A disproportionate amount of time is spent on the strategy compared to the detailed plan of implementing and executing that strategy. All […]

Continue Reading