Strict Standards: Only variables should be assigned by reference in /var/www/vhosts/jamesstanley.co.uk/httpdocs/templates/luxon/vertex/responsive/responsive_mobile_sidebar.php on line 8
Blog

Blog

The Accountants for Growth

LinkedIn for Recruiters

LinkedIn for Recruiters

In our seminars, we introduce LinkedIn by talking about its various features our clients can use to promote their businesses by making relevant connections and networking. These features are provided by LinkedIn for free when you create a basic account. From a marketer’s point of view, this is a bargain. The ability to network freely with people from different industries, countries and backgrounds is a huge advantage for businesses. The free exchange of information is almost equivalent to a seminar but the conversation with prospects could also be as easy as a ‘chat by the coffee machine’ with your colleague. 

Continue reading

Family Inheritance Tax Planning

Family Inheritance Tax Planning

Inheritance tax is something people often put to the back of their minds as they find it unpalatable to consider or plan for. As it is a tax which often crystallises on death we tend to ignore it for as long as possible. It is however a tax which, with the right planning, can be to varying degrees avoided.

Continue reading

How healthy is your business?

How healthy is your business?

Your business is probably the single most important financial asset to you and is likely to produce a high percentage of your income and financial requirements.  It is therefore extremely important that it is running in the best way possible, both from a practical and legal perspective.

Continue reading

Your self assessment tax return

Your self assessment tax return

Too early to prepare for your 2012/13 tax return?


Not at all!


Forwarding all relevant information to your accountants now will make the filing process easier for both you and your accountant!

Continue reading

Advantages of cloud accounting

Advantages of cloud accounting

In the last couple of years we have seen several of our clients say goodbye to traditional accounting software and move across to software which is held in the cloud. Whilst cloud accounting allows users to access their data here and now from anywhere in the world, our clients find that the major benefit lies in the interaction with us as their accountants.

Continue reading

HMRC Scam

HMRC Scam
A few of our clients have contacted us in the last couple of weeks stating that they have received an email from HMRC stating that they are due a tax refund. The email asks them to fill in certain information in order that the refund may be sent to them.


These are hoaxes and you should not respond to them. HMRC never email tax payers about their tax affairs.

Tags:
Continue reading

The buying process

The buying process
Most businesses ask their current or past clients to fill out surveys to discover the strengths and weaknesses of their business. However, surveys are also a great way to understand your customers. Asking various information about your clients will help you discover why they use your product/service.
Continue reading

Facebook: gaining & maintaining followers

Facebook: gaining & maintaining followers

Most SME's find it difficult to maintain a Facebook page. Sometimes neglecting the issue of updating your company page or the lack of updates on your company page may do more harm to your company’s image than not having one.

Continue reading

Grant Opportunities

Grant Opportunities

With the window now shut on The Birmingham Post Growth Funding we are regularly asked by our clients about other funding opportunities. The team at James, Stanley & Co. Limited have done some research and have come up with the following grants:-

Continue reading

Making bookkeeping easier

Making bookkeeping easier

There are many ways to make your accountancy bills smaller and they can be as simple as keeping the following things in mind when you submit your records for filing. 


Be sure to avoid these common errors when submitting your information;

Continue reading

Building solid business relationships

Building solid business relationships

We all have different expectations, so it’s important in all business agreements and relationships to establish between both parties what those expectations are.  


Business is a two way street and it’s important to outline what you need from clients so they can receive the best service possible. To ensure this at James, Stanley & Co Ltd, we use a ‘Basis of our Relationship’ form which identifies what we need from our clients to ensure they receive the services they need to succeed.

Continue reading

Thinking about becoming limited?

Thinking about becoming limited?

As accountants, we often get asked the question whether one should form a limited company. 


As with all business decisions, this can be a difficult one as what's right for one might not be right for another. It is therefore worth spending the time to make sure you get the business structure set up right, from day one. 

Continue reading

Getting the most out of VAT

Getting the most out of VAT

Every year VAT is becoming increasingly more complicated as HMRC continuously amends and introduces new rules and regulations. In conjunction with this, the government is working harder than ever to clamp down on any tax irregularities.

Tags:
Continue reading

Pension auto-enrolment II

Pension auto-enrolment II

What will auto-enrolment cost your company?


The pension contributions will be phased in over time as shown in the table below and full contributions will have to be paid from 1 October 2018.

 

Continue reading

Pension auto-enrolment and your business

Pension auto-enrolment and your business

Auto-enrolment will apply to all business who employ staff and will have significant implications in terms of responsibilities and commitments facing those businesses. 


It commenced in October 2012 and all organisations must have enroled their staff by April 2017 and all new employees by February 2018.  

Continue reading

Annual staff parties

Annual staff parties

Businesses often get confused over the tax free amount they can spend on employees at an annual party.


Currently, £150 (including VAT) can be spent in respect of each employee at the annual party. If, however, the expenditure exceeds the £150 allowance then the whole amount becomes taxable, not just the excess over £150 and has to be reported on the business’ Forms P11D. The allowance covers all costs associated with the event, such as taxis home or accommodation costs. To be applicable the event has to be available to all staff members.

Continue reading

The Cost of Waste

The Cost of Waste

Dealing with waste can result in a major improvement in a business's financial performance and is often overlooked. Here are a few points about waste to consider:-


Businesses rarely assess how much waste is costing their business-consider the cost of treatment energy and labour incurred in producing the wasted product and then think of the cost of disposal. In reality the actual cost of waste is as much as 14 times the disposal costs. 

Continue reading

The Benefits of Facebook

The Benefits of Facebook


Many SME's find it difficult to understand the benefits of creating a Facebook page for their businesses; they often don't know where to begin and find the overall task daunting and simply a waste of time.

Continue reading

How to treat website development costs in accounts

How to treat website development costs in accounts

The accounting treatment for the costs of building and maintaining your website depend on how you intend on using it.


If it is going to act as a brochure website where customers use the site to find out about your business and products but do not buy directly from the site, then you should put the development costs through the profit and loss account as an expense. Clients like this treatment as it reduces their taxable profits and therefore the business’ tax bills.

Continue reading

Simplified expense rules for small businesses

Simplified expense rules for small businesses

Small unincorporated businesses (partnerships and sole traders) can now claim a flat rate deduction in respect of 'use of home for business costs' as an alternative to recording the actual expenditure and then apportioning the business element.

Continue reading