Umar Memon
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Identifying inefficiencies in a business
Avoiding waste, maximising profit Accountants, as a breed, are fans of efficiency. We tend to appreciate optimised systems and abhor waste, whether it’s time, effort or resources being frittered away. The concept of efficiency as we know it today is… Read more Identifying inefficiencies in a business
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The scourge of late payments
Outstanding invoices compromise your business’s cashflow When you supply goods and services, you expect to be paid, and promptly, but Britain has a deeply embedded culture of late payments. Indeed, for some businesses, delaying payment is an essential part of… Read more The scourge of late payments
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Tax implications of working from home
Advice for contractors and the self-employed Working from home offers all kinds of benefits, from the opportunity to create the perfect environment in which you can be most productive, to the improvements to work-life balance that come with ditching the… Read more Tax implications of working from home
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Risk assessment and contingency planning
How to minimise disruption in your business It has been a challenging and eventful three years for UK businesses with a series of high-profile incidents highlighting how situations can change suddenly and often without warning. From the continued pressure of… Read more Risk assessment and contingency planning
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Accounting for charities
An overview of accountancy issues in the third sector If you’re in charge of running a charity, you will know how it differs from operating a business and how its motives and goals vary. Non-profit organisations are treated very differently… Read more Accounting for charities
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Personal tax planning
What you need to know for 2019/20 With the Brexit process rumbling on, Making Tax Digital finally coming into force, and Easter around the corner, now is the time to put your financial plans in place for 2019/20. Income The… Read more Personal tax planning
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Registering for Making Tax Digital for VAT
MTD zero-hour is here The moment has come: if your business has a taxable turnover above the VAT-registration threshold, which is currently £85,000, you’re now obliged to keep records in digital form and to file your VAT returns using HMRC-approved… Read more Registering for Making Tax Digital for VAT
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Capital Gains Tax Changes – Autumn 2018 Budget
Property Tax The Autumn 2018 budget proposed significant changes to reliefs given on the sale of property that was previously occupied as a main residence. From April 2020 the government plans to restrict two essential parts of Principal Private Residence… Read more Capital Gains Tax Changes – Autumn 2018 Budget
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Preparing businesses for leaving the EU
What can your firm do before 29 March 2019? As the clock continues to tick down to the 29 March 2019, when the UK is scheduled to officially leave the EU at 11pm, there is still much uncertainty around what… Read more Preparing businesses for leaving the EU
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The politics of tax breaks
How did we end up with such a complex system of tax reliefs? If there’s one thing accountants love, it’s identifying obscure tax reliefs to which you may be entitled and using them to reduce your tax bills. Tax reliefs,… Read more The politics of tax breaks
