The Budget 2019/2020

The budget has been announced and some key facts are:
Income tax personal allowance to rise to £12,500 from April 2019
Higher rate income tax threshold to rise to £50,000 at the same time
The national living wage is to increase from £7.83 to £8.21 an hour

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The Focus Collection Team Celebrates!

It’s been 10 years since The Focus Collection was formed, and to mark the milestone, Claire Weingaertner and the rest of her team are inviting current clients and suppliers to help them celebrate.

Formed in 2008, Focus Accounting, as it was known then, has developed consistently over the last decade, but remains true to its core values of providing the best quality service and advice to clients. “We like to reward and support businesses that work with us and that’s why we’re inviting people along to celebrate with us,” says Claire.

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New Moves For The Focus Collection

It’s a big year for The Focus Collection. Having moved into brand new premises at Retford Enterprise Centre last December, the company is now looking to expand and in September will be marking a decade in business.

Claire Weingaertner, who heads the business, says moving into new premises provides the space to expand her team and to increase her client base, something she said the company will continue to build on. “The larger office offers the space we need to expand and meet our clients. It’s open and welcoming and gives us what we need for where we are right now.”

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Spreadsheets are risky, mistake prone - and they're going nowhere

The spreadsheet has been declared dead more times than Bitcoin. But the tool, specifically Excel, marches on.
It’s difficult to think of another piece of software which has enjoyed the longevity of the electronic spreadsheet. The tool, specifically Excel, has been a steady companion for AccountingWEB members.

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The Focus Collection Business Club

The Business Club was launched by Focus in July 2014 following requests from the business community. It was set up to as a place for local business owners and team members to meet, collaborate, swap advice and discuss achievements.

With a relaxed atmosphere, the business club is gently structured to make the most of your time, and speakers give either advice on their specialisms or other useful information to the group.

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GDPR - Are you ready?

The General Data Protection Regulation, (GDPR), deadline is 25 May 2018 and is for those who have day-to-day responsibility for data protection. The General Data Protection Regulation (GDPR) (Regulation (EU) 2016/679) is a regulation by which the European Parliament, the Council of the European Union and the European Commission intend to strengthen and unify data protection for all individuals within the European Union (EU).

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Court gives ski lift VAT claim a frosty reception

Neil Warren considers the case of an indoor ski slope which charged VAT at 5% on lift passes, and reminds advisers to consider which other supplies may qualify for this reduced rate of VAT.

The VAT legislation has little nooks and crannies where unexpected supplies of goods or services can be either zero-rated, exempt or, as was relevant in this case, subject to the reduced rate of 5%.

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HMRC will no longer accept payment of tax bills by personal credit card

HMRC will no longer accept payment of tax bills by personal credit card. With the 31 January 2018 and the settlement of 2016/17 tax liabilities edging ever closer, the credit card ban is likely to present a significant cashflow problem to many self-employed individuals.

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Working With Focus

This issue we look at The Focus Collection’s regular workshops aimed at businesses and retailers.

These workshops were launched in keeping with The Focus Collection’s commitment to provide a range of services and help for small to medium business owners. It follows an idea raised by existing clients to provide a variety of easily accessible and cost effective workshops.

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The Perfect Focus

Claire Weingaertner introduces the Focus team, accounting, networking, training, events and more...

The Focus Collection is a local, friendly business, that strives to meet the needs of today’s business owners and their team members, to make their work life easier and more fun.

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HMRC Going Digital

Having been down to the accountancy conference earlier this year, one of the topics being talked about is HMRC going digital. What does that mean for accountants and individuals?

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Important Changes Are Coming

Important changes are coming that will affect your company regarding People with significant control (PSC).

People with significant control (PSC)

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HMRC faces Blue Inc insolvency loss

HMRC and a number of small businesses are set to lose out on millions of pounds after fashion retailer Blue Inc, which owns, among others, the Officers Club brand, closed many of its stores using a controversial insolvency procedure.

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Microsoft Office joins the cloud add-on club

Microsoft is returning to the world of small business accounting through alliances with cloud platforms such as QuickBooks Online and Xero.

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Should you become an entrepreneur?

Everyone wants to be an entrepreneur or as some would term a ‘wantrepreneur’. Coining the entrepreneur status means that you’re not just going places, but you’ve ‘made it’; you’re a ‘success’.

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Registered Office: Retford Enterprise Centre, Randall Way, Retford, Nottinghamshire, DN22 7GR
Registered in England and Wales. Company No: 08416641

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