The VAT cut will furrow a few brows in the private sector, it can be safely assumed. After all, we haven't seen a change in the standard rate of VAT since 1991. Thankfully, help is at hand. Rebecca Benneyworth (and David Rothenberg) have some excellent advice for you on the implications of the change, and how to implement it.
Of course, if the chancellor himself is admitting times are tough, accountants should be facing up to the recession too. Steve Pipe of AVN is here this week to answer your questions about fee levels in an increasingly competitive market.
And a quick congratulations to member Eileen McMorrow, who won this year's Chiltern PBR tax sweepstake. She gets an iPod Touch for guessing how many times the chancellor would say the word 'tax'. To find out what was the most common word in this year's PBR, click here.
Regards to all
Rob Lewis
Practice Editor, AccountingWEB.co.uk
editor@accountingweb.co.uk
Event 2008
Quarterly Tax Update 2008The Quarterly Tax Update makes sure you are alerted to developments significant to your own practice, whilst retaining an overall awareness of all developments.
Various dates and locations
Tax: A pre-budget report special
Change in the rate of VAT: A how-to-do-it guide
The 2.5% reduction in VAT will see an increase of above 2.5% confusion for many accountants. Rebecca Benneyworth's helpful article does just what it says on the tin. moreVAT rate change - the tax point rules
Pre-budget report: How was it for you? By Rebecca Bennyworth
A round-up of small business measures. By Rebecca Benneyworth
The incorporation question. By Rebecca Benneyworth
Instant relief! The best use of trading losses. By Rebecca Benneyworth
Company cars - the final piece of the jigsaw. By Rebecca Benneyworth
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IT
PBR 2008
Next year will see the Treasury trying to cut public sector budgets without having to wield a job-cutting axe. Will technology serve as a help or a hindrance? It's been a rocky road so far, as John Stokdyk observes.Software Satisfaction Awards: NetSuite pushes case for SaaS integration
What to do when hackers attack
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Practice and Financial Reporting
Should accountants reduce their prices in a recession?
With hard times around the corner, practices could lose clients over costs alone. Steve Pipe explains how to steer your firm through the tough times. moreThe Great Debate: Accountants and the environment
PBR 2008: The AccountingWEB.co.uk community responds
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Business
PBR 2008: One small step for small business
Simon Sweetman finds that Darling's lifeline for SMEs is mostly psychological. moreAnalysis: The PBR and what it means for entrepreneurs
RBS to freeze small firms' overdraft fees
Who was the Practice Management Software Satisfaction Winner?After only two years in the UK market DRIVE from Relate Software has continued to amaze practices and now it has won the UK Software Satisfaction Award.Click here to find out more |
Any Answers
The VAT food conundrum moreNew forum for HMRC civil powers more
British tax rates are now insane more
How will tax holidays be decided? more
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