Payroll is an important process within any business organisation. It is by default the responsible for the prompt payment of all employee’ salary compensations within a defined calendar period. It also helps to protect the company’s reputation by following strict HMRC regulations by remaining compliant but also by making sure it deals with employee queries fast – helping to build not only an external brand...
Technology has become an omnipresent part of daily commerce worldwide. The ability to do business via the medium of technology has helped to create a raft of digital and technological solutions that have revolutionised the way business has been conducted. However, big technological change has always resulted in a slower uptake from small business. However, this isn’t the case in the UK as more SMEs...
The future of the contractor in the wake of the changes announced to IR35 have resulted in a flurry of opinion – the subsequent delay by the Chancellor was likewise met with consternation. Uncertainty has fuelled speculation about what all this means for the future of the contractor and what the Government is trying to accomplish with these changes? This article will explore key themes...
HMRC’s Making Tax Digital changes are coming and businesses are unprepared for these new changes. According to Accountancy Age, a third of VAT-registered businesses are not even ready for the Making Tax Digital start date. Furthermore, senior sector bodies like the ATT, ICAEW and CIOT have all voiced their concerns regarding the MTD deadline – even going so far as to suggest a possible delay?...
How Prestige Business Management Can Help Your Business Improve Its Cash Flow Experience According to Accountancy Age, on any given day, the total sum owed to small businesses in the guise of late payments total nearly £25,000. This means the cumulative average owed to small businesses every single day is greater than the UK’s average mean salary. This ‘late payment’ cash pile creates cash flow...
The uncertainty, politically, about what Brexit means continues apace as the Government fails to find any modicum of consensus for either a hard Brexit, a soft Brexit or any other kind of Brexit scenario. As the Parliamentary arithmetic remains deadlocked, this creates broader uncertainty within the country. Nowhere is this more relevant than within the offices, factories and shops that make up 60% of the...
The Bad, The Ugly and The Out-of-this-World At Prestige Business Management we understand the pressures faced by small businesses in the lead up to tax return time. Trying to file your return and find all your expenses so you can make sure your accounts are up-to-date can be challenging. However, for some plucky self-employed business professionals some claims and expenses have been found to be...
The Government, HMRC and even the Committee on Climate Change want to shift the burden of taxation even further into the hands of company car drivers. The income tax levels paid by company car drivers have historically been linked to the emission standards of the company car they use. The Worldwide harmonized Light vehicle Test Procedure (WLTP) is set to replace the New European Drive...
How to Write a Contract - Prestige Business Management’s Guide to Ensuring Invoices Are Paid Based on Contractual Agreements Ever wondered how to write a contract? This guide can help you understand the basics of contract writing - you should always seek legal advice regarding contractual agreements in business. People generally tend to pay on-time when contracts are part of the agreement. People’s minds...
Bitcoin, arguably the most popular and indeed the most successful cryptocurrency was launched on the market in 2009. Now, there are over 1,600 cryptocurrencies and digital tokens flying about the market. Where there has been a rise in cryptocurrency, there has also been a rise in the number of people who are willing to sell, trade and invest. This isn’t surprising since the virtual currency...
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