As you may know by now the General Data Protection Regulation (GDPR) will come into effect on 25 May 2018. It has been covered in the media and the panic it has caused is similar to the millennium bug. There is no need to panic; however, there is some misinformation out there that we’re concerned will be …
HMRC launched a scheme 8 months ago (September 2017) called the Growth Support Service. The service was set up to provide advice from a dedicated tax expert to British Companies with a turnover of more than £10m or more than 20 employees. It is estimated that there are 170,000 such companies. The intention of the scheme …
We have updated our privacy policy. It can be found by clicking here. Also, the policy is reproduced below. ___________________________________________________________________ This privacy policy sets out how GBM Accounts Limited uses and protects any information that you give GBM Accounts Limited when you use our company. Introduction GBM Accounts Limited is committed to ensuring that your …
If you don’t believe that HMRC make mistakes, read this! We act as agents with our client’s dealings with HM Revenue and Customs (HMRC) and sometimes they get it wrong. A recent incident has highlighted how easy this can be. We had finished a VAT return for a client, ABC Contracting Limited (*), and went …
GBM Accounts are pleased to announce that we will be implementing a file sharing service, called GBM Accounts Openspace. This is a development in respect of the service we provide to clients. It has also been partly prompted by the requirements of the General Data Protection Regulations (GDPR), which come into effect from 25 May …
We are all aware that we should be wary of suspicious emails. However, the scammers are getting more sophisticated. We have received one today supposedly from Companies House in respect of their eReminder Service. What is the Companies House eReminder Service? The Companies House eReminder Service is something which companies can set up so that …
GBM Accounts are thrilled to announce that Alana Watson has joined us as a new employee. This is to fill a new role, which is required due to our continuing growth. Alana brings a wealth of experience to the role, which will be quite varied. The initial focus will be on administrative tasks, but Alana …
HM Revenue and Customs (HMRC) have issued the Employers Bulletin for April 2018. This updates employers with information in respect of the new tax year. Please follow this link. Employers Bulletin – Details HM Revenue and Customs (HMRC) publishes the employer bulletin 6 times a year. They give employers and agents the latest information …
April is traditionally a time for change, as it signals the end of one tax year and the start of the next. We have identified 8 changes in April this year which may affect small business owners. 1. The personal allowance is increasing The personal allowance for the 2018/19 tax year is increasing to £11,850. …
A report by the Office of Tax Simplification (yes, one really does exist) in 2017 floated the idea of reducing the VAT registration threshold. Currently, the VAT registration threshold in the UK is £85,000. It has steadily risen over time, and is currently one of the highest in the EU. The average threshold for VAT …