Blog & News
Insights & News from Your Finance TeamWe spend a lot of time offering our clients practical advice on how they can grow their businesses – please see some of our articles below and feel free to share.
Spotting Scammers: Protecting your Business from Fraudulent Activity
Scams and fraudulent activity are notoriously hard to spot – that is, after all, why they work so well. Scammers are malicious, quick to adapt and are always coming up with new ways to pose as trusted organisations, concealing their real agenda from their victims....
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How to be Most Effective When Working from Home
Working from home is a position in which many of us have unexpectedly found ourselves this year. Some of us have relocated to dining room tables; others are holed-up in spare bedrooms, laptops balanced on piles of books; some are juggling meetings and childcare all at...
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Benefits of Hiring a Virtual Finance Director
As your business grows, so will the need for effective financial management. You may already have hired a bookkeeper to keep the basics in check, but as your business continues to prosper, you may feel that you need a more substantial service. This next step could be...
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Importance of Setting Goals and Objectives for the New Year
Fun fact: those who set goals and objectives are far more likely to succeed than those who don’t. Don’t believe us? Check this out… A group of researchers at the Harvard Business School conducted a study into the benefits of goal setting and found that those who set...
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How Cashflow Forecasting Can Contribute to a Positive New Year
While the last few months of the year can be challenging to navigate for the majority of business owners, that's when is time to be looking forward to the following year and thinking of ways to increase the likelihood of a positive new financial year. One of the best...
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How to Practice Mindfulness in the Workplace
Through the COVID crisis, Your Finance Team have concentrated on supporting clients with advice on their company finances and making sure they understand the government support available. However, more than ever, we have seen how COVID has created real anxiety amongst...
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Your Finance Team Achieves Xero Gold Partner
Xero is an incredibly fast-growing cloud-based accounting software that Your Finance Team (YFT) has been using for the past 5 years and has consistently grown its expertise and client base alongside its own growth and popularity. Xero allows companies to keep control...
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Can You Buy an Electric Car Through Your Company?
Should You Buy an Electric Car Through Your Company? A company car is one which is purchased and owned by a company but made available for private use by an employee. Successive governments have increased the personal tax costs of company cars which has meant that...
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Making Tax Digital – are you ready?
Making Tax Digital or MTD is one of the furthest reaching HMRC initiatives of the past 20 years, which makes it all the more surprising that a recent British Chamber of Commerce survey discovered that nearly a quarter of British businesses surveyed had no knowledge of...
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Late Filing Penalties – A Move to Points System Proposed
A move from fines to points system A move to a points system rather than fines from 2019 is being proposed. This is in an attempt to focus Treasury attention on serious tax avoidance offences. Rather than on punishing small taxpayers who’ve made mistakes. The present...
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HMRC Cease to Accept Credit Cards
HMRC cease to accept payments via credit cards In a surprisingly timed announcement, HMRC said that they would cease to accept credit card payments for tax bills from 13 January 2018. Those who previously paid their self assessment by this means will now have to...
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Entrepreneur’s Relief – One of the Best Kept Secrets
Entrepreneur’s Relief Since April 2008, Entrepreneur’s Relief (ER) has been one of the best kept secrets of British business life. Perhaps the way that successive governments have handled Entrepreneur’s Relief explains why this excellent scheme is not as well...
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