Author Archives: networkintellect

October 05, 2016

Technological change stops for no one

As the Party Conference Season passes (again) I wonder what the future will hold for us all.  The level of uncertainty seems to be higher that before.
September 07, 2016

Holiday currency exchanges: How not to get completely stung by fluctuations

Following the Brexit result there has been much talk about the impact on foreign currency exchange rates – particularly the impact of when we go on our travels. Having recently returned from Spain, my friends and I certainly noticed the increased cost of travelling in Europe.
September 02, 2016

The end of FRSSE

After the seismic change to medium sized company’s financial statements with the move to FRS 102, the next change is the end of the road for FRSSE (Financial Reporting Standard for Smaller Entities).
September 01, 2016

Tax Fraud – European Population Wishes

A recent survey commissioned by the European Parliament highlighted that the public would like to see more action in this area. The top three priorities revealed by the results were: Terrorism Unemployment Tax Fraud Various respondents wanted more EU action in the fight against Tax Evasion and an effective response to the growing concern.
August 30, 2016

Pension Auto Enrolment update

The number of businesses required to automatically enrol into a pension scheme is set to peak over the next 18 months, with an estimated 1.8 million small (5-49 staff) and micro (1-4 staff) employers now being required to take action.
August 18, 2016

Tax Compliance – Proposed Increased Fines and Regulations

HMRC are proposing the following changes which they would like to introduce over the next few years:- A sliding scale of penalties for the late filing of Tax Returns. 4% of outstanding tax for Tax Returns filed between 30 days and 6 months late.
July 29, 2016

Sage Line 50 V22 B

Sage Line 50 – V22 B As always Sage upgrades its software regularly (usually annually), so what is new with V22 and is this ‘worth the upgrade’? With each update Sage is making accounting life easier for individuals, easing the volume of inputting and listening to users as to how and where the software can. . .
July 28, 2016

Brexit and VAT

The result of the 23 June Referendum was a majority in favour of leaving the European Union. There will be no immediate changes to the legal and regulatory environment, however the impact on VAT could perhaps be the most significant.
July 15, 2016

Autumn Statement November 2015

Mr Osborne’s primary goal was to deliver the Spending Review, so there was a heavy emphasis on departmental expenditure and the £4,000bn expected total government spending over the next five years.
June 30, 2016

Brexit Decision

There is some free space in the EU now.  1 “GB” to be precise!  Yes, the Brexit is upon us.  24 June 2016 will be remembered in history as the day Britain voted to become Independent.  The British now have only three vowels in their dictionary, having decided to leave the “EU”.
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