Autumn Budget 2017

Business Rates

Whilst businesses were not granted their wish of having a fundamental change of the business rates system, the Chancellor has listened to the business community and announced a number of welcome changes.

Firstly, the annual increase in business rates will be based on CPI (as opposed to the higher RPI) and this will take effect from April 2018.

Secondly, the “relief for pubs” will be extended for a further year to 31 March 2019 which will mean that the majority of pubs will get £1,000 off their business rates bill for another year.

Lastly, the so-called “staircase tax” (which was something of a harsh anomaly that flowed from a landmark Supreme Court judgement) is to be abolished and furthermore the change is to be applied retrospectively such that affected businesses will have their original bills reinstated.

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Aug 17

No events today

Cloud accounting provides us with a real time view of our business accounts at anytime and from anywhere. Sales and purchase invoices are easy to input in a user friendly way, and the bank account link allows us to pull across electronic bank account statements automatically. Reporting in cloud is so easy and at a glance the dashboard shows account balances, invoices owed to you and bills needed to pay, straight away highlighting any action required. You can quickly see the profit and loss account, balance sheet and all other reports, and can drill down into individual transactions. Our main server has also moved to the cloud, which has revolutionised the way we manage our business. As a small business with a couple of employees it allows us to spend more time tending to clients and less time managing accounts and systems, allowing us to work at home or on customer sites without having to go back to the office. The savings and benefits are SO DRAMATIC and INSTANT in terms of time required for data input.  Time spent on all of this is now LESS THAN 2 HOURS PER WEEK, and this would be impossible with our old systems and procedures.  Our profitability has increased too as we can now spend more time working on projects rather then admin.  Mike Potts, Ashwood Design

 
-- Mike Potts - Ashwood Design