If your business was attacked today, would it be protected? Each week we carry out cyber security reviews for our clients and our initial assessments show that 95% have critical or high rated vulnerabilities within their networks. The UK Government…
On 1 April 2020, it will mark a year since the implementation of Making Tax Digital for VAT (MTDfV). At the start of this year, HMRC figures showed that over 1.2 million businesses are now enrolled and over 3.1 million…
Scott Bebbington, business recovery specialist at PKF Francis Clark, lists what he considers to be key risk areas for businesses in 2020. Over the next few weeks Scott will present some more detailed insight into the risks as well as…
This factsheet looks to summarise our understanding of the main (non bank, non-asset backed) sources of funding potentially available to businesses in Cornwall & Isles of Scilly (IOS) as at January 2020.
The definition of eligible Research and Development (R&D) is much broader in scope than you might think and can include any work that seeks to improve or create a process, material, device, product or service through the resolution of technological…
The VAT domestic reverse charge, commonly known as the reverse charge, for building and construction services is being introduced from 1 October 2019. You will need to prepare for this change by: Checking whether the reverse charge affects either your…
The domestic reverse charge, commonly referred to as the reverse charge, is a major change to the way VAT is collected in the building and construction industry and will affect both suppliers and customers that are both VAT and CIS…
Under a salary sacrifice the employee gives up an amount of salary in return for an employer provided benefit. Tax and NIC savings result from the benefit being exempt from, or incurring, a lower tax and NIC charge than the…
Employee ownership trusts were introduced to encourage an increase the number of employee-owned companies in the UK and they have generous tax benefits. Shareholders can sell their shares to the trust, providing the employees with an ownership stake in the…
All Primary Care Networks (PCN) will have now submitted their registration information to their CCG, and will be working over the next few weeks to complete their PCN agreements. The timescales are short as the PCN contract goes live on…