Most of us will at some point have daydreamed about what it would be like to be our own boss. To be able to work when we choose, to make the decisions – to make the money. However, when we think about the time and effort (and the money) involved in setting up a company, developing a product or service and then actually finding customers who want to buy it, the idea no longer seems quite so appealing.
Some have called them brave, others have come up with some quite different adjectives to describe the three members of staff from RfM’s Ulverston office who will be quite literally ‘hot footing’ it along to Barrow Rugby stadium on Saturday 27th February to take part in a Charity Firewalk. Ouch!
RfM celebrates a year of change, growth and success
This time last year, on a cold February Monday just like today, we proudly unveiled the smart new signs outside our offices and began to answer our telephones for the very first time as RfM Accountants. It’s hard for us to believe that a year as passed already, yet it feels as if we’ve always been RfM.
Barrow Rugby’s Annual Sponsors Evening is a major fundraising event for the club. This year’s event was held at Crooklands Garden Centre, Dalton in Furness on Friday 22nd January and our Managing partner, Elaine Harris and Farm Accounts and VAT Manager, Tracie Roberts went along to support the event in our capacity as main sponsors. A number of supporters, club officials and players also attended to show their support on the night.
For many businesses across Lancashire and Cumbria, the festive spirit was dampened (and in some cases completely submerged) by the terrible flooding that occurred on Boxing Day and the days following. As the water level rose, so did the fear for many that their businesses would be severely disrupted – whilst some would not survive at all.
As we reported in our last issue, RfM has over 100 years’ experience in accounting rural businesses and to ensure that as many farmers as possible across the region can benefit from our specialist knowledge, we’re spreading the word with a straight-talking new advertising campaign.
More changes to tax rules for repairs and replacements
There have already been some recent changes to the amounts that can be claimed as repairs or replacements for landlords of residential properties but the government is proposing further legislation to be introduced from April 2016.
It should come as no surprise that a UK company or partnership can be criminally liable if it pays a bribe to gain business. You might not be aware, however, that a business also commits a criminal offence if a person ‘associated with it’ bribes another person for the benefit of the business.
‘Phishing’ is the term used to describe the fraudulent act of emailing a person in order to trick them into revealing their personal or financial information. HMRC has issued guidance to help its customers recognise when an email from them is genuine or fake.
The short, 18-month period for making Class 3A voluntary contributions to top up the State Pension has commenced and will close on 5 April 2017.
When an employee is off work due to sickness for a long time, businesses, particularly small businesses, can find it difficult to cope.
UK company law already requires certain information on directors and registered legal owners of company shares to be made publicly available but new legislation means that anyone doing business with a private company can see who really controls that business – its ‘beneficial owners’.
The Enterprise Investment Scheme (EIS) is now over 20 years old. Reaching this milestone is quite remarkable for a tax break as a change in government often results in the demise of one tax break to pave the way for a ‘new and better’ one. Here we look at why EIS is worth the consideration of companies and investors.
From 6 April 2016, when a fundamental change to the UK taxation system comes into effect, residents in Scotland will pay two types of income tax on their non-savings income.
We hope you won’t be too disappointed but you won’t be receiving a Christmas card in the post from us this year. Instead we’ll be giving the money we would have spent on printing and posting to helping a good cause. As a matter of fact, this year we found lots of ways to make a difference, from collecting stamps to collecting Christmas presents…