With big retailers complaining of loss of profit this winter season, media outlets also report on customers’ spending less for Christmas. Everywhere around shopping centres and high streets we notice sales popping out already. What is causing these changes though? The way costumers spend their money plays an important role. Economy analysis, as reported on […]
As 2018 draws to an end, the outcomes of Brexit still linger in uncertainty. Businesses, and especially SMEs (small and medium enterprises), fear they will lose the most in case of a no-deal exit from EU. But what will happen to any employees in your team who might be EU citizens? Amidst fears heightened by […]
As the winter holidays are approaching fast, some companies consider giving Christmas gifts to their employees. While a nice gesture, employers need to know the taxation rules. If these rules are broken, the employees offered the gift will end up paying more tax. Surely, companies want to avoid giving more trouble than joy to their […]
While the internet and social media facilitate communication today, we need to be aware of the risks too. Not everybody uses digital platforms for the right purpose. All the information we publish online nowadays increases the risk of facilitating bank fraud. UK bank customers lost half a billion pounds to scammers during the first half […]
How many companies, sole traders and self-employed people prioritise on their tax returns? As December is knocking at our doors, we have just over two months left to fill in the forms for 2017-2018. Many choose to wait until after Christmas to finalise their tax returns. As HMRC reports for the previous year show, nearly […]
Employers can access regular HMRC guidance in regards to employees payments and payroll issues. Released last month, the Employer Bulletin clarifies a number of aspects, from apprenticeship rates to useful tools. As we recently talked, in the digital era keeping informed and updated proves vital. Even more so, if you run a company hiring people, […]
With HMRC and banks announcing big changes towards digital systems, the financial sector follows tech development. Britain’s biggest High Street lender, Lloyds Bank, plans to close one main centre and cut 6,240 jobs. However, they also announce creating 8,240 new positions. While Unite union reports on Lloyds staff morale plunging under the pressure, the bank […]
Recently, a number of people received scamming phone calls from what appears to be a genuine HMRC number. The Government department warns members of the public about the scam. They assure potential victims HMRC will never call without warning to ask for money. Mainstream media, such as Sky News, reported last week on the recent […]
Announcing the last pre-Brexit UK Budget, Philip Hammond said “austerity is coming to an end”. He revealed, as expected, more help for small businesses, social care, roads and motorways. Criticised for his “end of austerity” declaration, which many consider unrealistic, Hammond held a 71 minutes budget speech yesterday. Among the financial decisions mentioned, one will […]
HMRC recently announced a record in penalties against companies who failed to pay minimum wage over the last year. With £15.6 million of underpayments, the Government fined employers £14 million in total. The numbers recently presented by HMRC might look shocking. When we compare them, we notice employers who underpaid their staff members did not […]
Accountants in West Bromwich
With over 17 years of experience in accounting services we have built a solid reputation in the industry. The hallmark of Raymond’s Accountants is to provide high quality personal individually tailored and competitively priced Accountancy, Taxation and Book-keeping services to all small and medium size businesses and enable them to reap the rewards of their hard work.