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Are you a Quiz Champion?

The annual ACCA charity quiz is being held on Thursday 23 November at More Restaurant on London Road, Leicester. This year we are raising money for the local air ambulance. The cost for a team of four is £60 which includes a buffet dinner and a donation to the charity.

So if you think you have what it takes to be a champion then come along for good food and a fun evening. We are hoping to raise over £2,000 again this year. More information can be found at http://www.accaglobal.com/lk/en/member/discover/events/uk/2017/11/acca-leicestershire-annual-charity-quiz-2017.html or alternatively email me for an entry form.

Rob

Taylor Review of Employment Practices

The Taylor Review recommends changes to employment practices to provide more employment security and working conditions, particularly those working in the ‘gig’ economy.

The review recommended the creation of a new category of worker known as a dependent contractor. This would provide additional rights and benefits to those who are currently classed as self-employed, but who work for businesses that have a controlling and supervisory relationship with the worker. These benefits would include sickness and holiday pay and the minimum wage. The business would also have to pay national insurance contributions for these workers.

Making Tax Digital – new timetable

Making Tax Digital (MTD) will introduce extensive changes to how taxpayers have to record and report information to HMRC. Under MTD businesses will be required to maintain their records digitally using either accounting software or apps. They will have to report summary information to HMRC quarterly and an end of year statement through their digital tax accounts.

Unincorporated businesses were going to be the first to have to report under MTD but the government has announced a delay in its introduction. From April 2019 businesses with a turnover above the VAT threshold of £85,000 will have to keep digital records and only for VAT purposes. Businesses will not have to report under MTD for other taxes until at least April 2020.

These changes mean that businesses and landlords with turnovers under the VAT threshold will not have to move to the new digital system.

These changes are to be welcomed but businesses with turnover the VAT threshold need to be checking whether their accounts software will be able to cope with the new reporting requirements.

Howell & Co has been assisting Online Profiling Ltd since 2005. They couple efficient service with good practical advice and are always extremely helpful and professional.  
Trevor DawesManaging DirectorOnline Profiling Ltd

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Are you a Quiz Champion?

The annual ACCA charity quiz is being held on Thursday 23 November at More Restaurant on London Road, Leicester. This[...]