Entries by Matthew Johnson

Government support for business – welcome but is it enough?

A £350bn package of support to help businesses survive the impact of the coronavirus pandemic has been unveiled by Chancellor Rishi Sunak as the crisis deepens. It is a massive amount of money – indicating the gravity of the situation we find ourselves in – and given we are in unchartered territory it is both […]

Data protection – do you need to pay?

Small companies and small traders are being targeted by The Information Commissioners Office (ICO) in a campaign to remind them of their legal responsibility to pay a data protection fee. A number of WNJ clients have already received letters from the ICO. The cost of the data protection fee depends on a company’s size and […]

Building business support

Navigating the business support world can be tricky for small companies. However, a new initiative might make the exercise easier and end confusion. The government has launched a campaign this month that is designed to help businesses in England find out about the full range of support that is available to them. It says the […]

Sorry, a hamster ate my post!

Who says that the taxman hasn’t got a sense of humour? In the run up to the January 31 self-assessment deadline HMRC has decided to share with us the strangest excuses and expense claims received over the past decade. And the list of bizarre excuses for missing the deadline, coupled with what can only be […]

A worrying tax gap

The tax policies of the main political parties came under the microscope during the general election and were the subject of wide and vigorous debate. However, while the pundits argued over the fine print it appears that most people still find the whole subject taxing, to say the least. More than 2,000 people were asked […]

New Government should delay IR35 changes

Whichever party wins the general election next month should delay changes to IR35, or ‘off-payroll working’, rules that are set to take effect in April 2020. The call comes from the Federation of Small Business (FSB) and it highlights fears that the move could have significant impact on some businesses and sole traders. The IR35 […]

Calls for small business support grow

UK business leaders are calling for decisive action to support struggling small firms. The Lancashire-headquartered Federation of Small Business (FSB) is calling for a major reduction in business rates bills for small firms, as thousands struggle to stay afloat amid spiralling operating costs. It is calling for the ‘Retail Discount’ – which allows small retailers […]

Why it doesn’t have to be taxing!

With so many tax topics currently impacting on small businesses, it is little wonder that it can be struggle to keep up leaving owners and managers feeling intimidated by the whole process. That is the starting point to a special information and advice session that WNJ is organising next month in conjunction with The Business […]

Construction VAT changes are delayed

Major changes to the way VAT is collected in the construction industry have been delayed until October 1 next year. It follows growing concerns that some businesses were not ready to implement the VAT ‘domestic reverse charge’ for building and construction which was set to come into force at the start of next month. The […]

Are you prepared for a cyber-attack?

IT is a staggering statistic. According to new research, small businesses in the UK are collectively subject to almost 10,000 cyber-attacks a day. One in five firms has revealed a cyber-attack has been committed against their business in the past two years. And more than seven million individual attacks are reported over the same period, […]