Practicewire news

Why not ask smarter questions?

Are you bored of the same old questions? So are your clients. Peter Kane of The BD Consultancy explores how we can ask smarter questions to improve relationship development and, ultimately, business success.

HMRC is seeking views on MTD for Corporation Tax

Making Tax Digital for corporation tax (MTD CT) feels like a very long way away given that it will not become mandatory before 2026 and MTD for income tax self-assessment (MTD ITSA) is still at an early stage of its development. However, the current early-stage consultation on MTD for CT may provide the best opportunity to influence the design and ICAEW’s Tax Faculty would welcome your views.

A UK boost for good business and succession

Many businesses are now considering what their business exit will look like or looking at ways to boost productivity, employee engagement and resilience.

NatWest Rapid Cash announces integration with Xero to make funding more accessible to SMEs

NatWest has announced an integration with global small business platform Xero, which will allow its users to access a NatWest lending service directly from the Xero platform - the first lending service from a high street bank to be introduced by Xero in the UK.

Are your clients aware of earlier reporting and payment for CGT?

A new requirement to report and pay capital gains tax on disposals of UK residential property within 30 days of completion was introduced in April 2020. ICAEW’s Tax Faculty summarises the requirements.

Is it time to give your succession knowledge a boost?

Many founders and business owners ponder how to keep the values, ethos and culture of the business they have built alive for future generations. For them and for those who advise them, the Employee Ownership Association have some free-to-attend sessions that could help you to boost the succession plans of businesses you advise.

Data protection and Brexit

When the transition period ends on 31 December 2020, the UK will become what is known as a ‘third country’ by the EU. This means UK organisations or individuals cannot assume they can continue to process the personal data of EU data subjects in the same way as now.

ICAEW Technical Advisory Service queue times longer than usual

Unfortunately ICAEW Technical Advisory Service is currently short staffed, and as a result queue times may be longer than usual.

CABA: Moving forward, together

CABA has created a campaign hub to provide you with practical tools to help you promote your wellbeing.

Brexit to-do list: how to prepare for post-Brexit business with the EU

Irrespective of the agreement reached with the EU, businesses in the UK need to take action to prepare for the end of the transition period on 31 December 2020. As a trusted business adviser, there are some key steps you can encourage your clients to take to prepare for the changes ahead and to potentially identify new trading opportunities.