ABG's Blog

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We like to blog and here you can read our latest posts.

Late payments

10th June 2019

When you supply goods and services, you expect to be paid, and promptly. Britain has a deeply embedded culture of late payments. Indeed, for some businesses, delaying payment is an essential part of the business model.

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Making Tax Digital for VAT. Are you compliant?

11th April 2019

Making Tax Digital for VAT (MTD for VAT) is now live. Businesses with a taxable turnover above the £85,000 VAT registration threshold come within the new rules, and must comply with the initiative or face enforcement action. Here, we answer some of the questions we have been asked by clients over the past few months.

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Preparing your business for leaving the EU

26th March 2019

There is still much uncertainty around what Brexit will mean for UK business. What is certain is that it will bring change for businesses of every size and sector, but planning for it seems almost impossible.

For businesses that buy and sell to the EU it is important to have contingency plans in place which are flexible enough to cope with a variety of outcomes. Preparing for the worst will give your business the best chance of moving through the transition regardless of the outcome of negotiations.

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Making tax digital for VAT - 1 month to go....

6th March 2019

All VAT-registered businesses turning over more than £85,000 will be mandated into MTD by 1 October 2019, with the majority of firms adopting the scheme by 1 June 2019. Firms with a VAT return quarter ending on 30 June 2019 will be the first to begin operating under the regime on 1 April 2019.

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Avoiding fraud online - 5 things ABG will never ask you to do!

27th February 2019

Online payments, BACS and credit card payments by telephone are today all common ways in which we pay bills and make other online payments. These provide us with convenience and the ability to save time but they have also opened up opportunities for fraudsters. Often fraudsters will pretend to be legitimate parties, accountants, HMRC, insurance companies and other common suppliers) and whether they contact you via phone or email their desired outcome is the same. To defraud you of your money!

Here are 5 things that fraudsters might ask you to do, but please be assured, we never will!

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Outsourcing payroll

7th January 2019

Payroll consumes a large amount of time each month, with multiple processes to complete in order to comply with legislation and pay workers on time. Failing to pay your staff on time can have a catastrophic effect on morale, and have knock-on effects in employees’ lives.

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