Earlier this year the Government launched a short consultation to gauge how e-invoicing can and should be adopted for business-to-business (B2B) and business-to-government (B2G) transactions. Some of the topics under review include whether e-invoicing should be compulsory or voluntary, and the practicality of real-time digital reporting. Understanding e-invoicing While many UK businesses currently send invoices […]
The new Labour government has confirmed that the Making Tax Digital (MTD) initiative will go ahead. It had been unclear whether the policy introduced by the Conservatives would be followed in the same way and to the same timeline. However, the Autumn budget appeared to support the programme’s existing timeline. What is Making Tax Digital?Making […]
With Cyber Security Awareness Month upon us it’s a useful time to consider how to stay secure online. Small businesses have suffered from increasingly sophisticated cybercrimes, including phishing, invoice fraud and malware attacks. So how can you protect your business? Recent research shows the enormous growth in cybercrime and fraud against new businesses. More than […]
At the same time as the French government announced plans to mandate e-invoicing, the UK government confirmed it is set to act on late payments, the scourge of the SME and something that is estimated to cost the economy £billions each year. eInvoicing to become mandatory in France With the EU version of Making […]
Next in our series looking at how functionality in accounting software can be put to good use in SMEs, we consider the use of Cost Centres and Departments and how these can help you further analyse your accounts and support budgeting.
It’s hard to turn the television on or look at content on the internet these days without seeing various reports about the encroachment of AI into modern life and the potential risks it poses. But for many SMEs it can seem like pie in the sky and not something they’re likely to come into contact with. But is that actually the case or do SMEs need to consider if and how AI can support their businesses?
It’s not surprising to hear of an increase in the number of new start-ups formed during or immediately following a downturn in economic activity. However, recent research suggests that the 2021 figures were higher than some may have expected and the growth appears to be driven by the use of digital and remote platforms.
It is very difficult to find many positives arising from the Covid pandemic and ever rarer still that HMRC should be seen to be leading the charge on anything, but the increase in digital transaction handling must be the one item that can tick both of these boxes. With the UK workforce, and many overseas […]
Cybercrime is on the increase according to The Federation of Small Businesses (FSB). The organisation, which represents the interests of the UKs small businesses, is alerting business owners to the growing risk posed by cybercrime after research showed that small companies in the UK are collectively subject to almost 10,000 cyber-attacks a day. In a […]
Making Tax Digital, the initiative introduced by HMRC in April requiring businesses to keep digital records for the calculation and submission of VAT returns, has met with early reluctance to register. Whilst many businesses may have ignored the passing deadline, in the belief that they were already compliant as a result of using approved accounting […]
A recent study by Citizens Advice suggests that the customers of Britain’s biggest mobile networks, EE, Three and Vodafone, continue to pay for handsets even after the true purchase cost has been paid off. The impact of the inflated charges means that customers could be up to £38 a month worse off, with many not […]
It is very hard to ignore the rise and rise of AI (artificial intelligence) but is 2018 likely to be the year that AI becomes truly mainstream? Whether you start your day talking to Siri, Alexa or Google or you work in a factory surrounded by robots, the fact is AI is all around us […]