MTD filing to be extended to all VAT-registered traders from April 2022

On 21 July the Treasury set out a first draft of the government’s ten-year plan to modernise the tax administration system. This includes restarting the making tax digital (MTD) programme which had ground to a halt in the face of Brexit and the coronavirus pandemic. MTD filing is to be extended to all VAT-registered traders from April 2022…

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Improve your chances of being approved for a CBILS loan

When the Rishi Sunak, the Chancellor, said he was making £330bn available to guarantee loans to businesses and “would do whatever it takes” to make sure UK businesses survive the Covid-19 pandemic he was hailed as a Chancellor who understood the problems small businesses would face. Four weeks on and only one in five UK businesses that have…

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Looking at the books, you can see a litany of accounting failures.

After my father died I found among his papers a booklet detailing the history of his mother’s family, the Goodliffes, over several generations during the 19th century, during which they built a thriving wholesale grocery business in the Midlands. In one passage it describes how Thomas Goodliffe, my great-grandfather, went on the first escorted tour…

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Rewarding failure

I read with interest an article by Prof Adam Leaver of Sheffield University published by Open Democracy recently. For anyone interested in financial reporting and auditing, and why they have failed to prevent corporate greed and business failures it is essential reading. In the article he looks at how Interserve, which has now failed, paid management bonuses…

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Anything at all that matters in life only does so as a consequence of its impact on our conscious mind

Have you ever wondered why relatively few entrepreneurial businesses achieve super success? It’s about one in twenty. Not very many. This should be surprising. Napoleon Hill said “Whatever the mind of man can conceive and believe, it can achieve. There is no shortage of books, articles, websites and research about what makes a successful business…

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