Amendments to UK data protection law in the event of a no deal Brexit

17/12/2018 – Following the publication of its technical notice in September 2018 on “Data protection if there’s no Brexit deal”, the … More...

VAT on property service charges

11/12/2018 – A new Revenue and Customs Brief (6-2018) entitled VAT exemption for all domestic service charges has recently been … More...

Are you ready for VAT filing changes April 2019?

11/12/2018 – The introduction of Making Tax Digital (MTD) for VAT is fast approaching. From April 2019, some 1 million businesses … More...


The end of late payments by large organisations?
10/10/2018

The government has been trying to combat the widespread issue of large businesses abusing their position by making late payments to small businesses. This initiative has included the launch of the voluntary Prompt Payment Code (PPC) in April 2017 where over 2,000 signatories have committed to the fair and equal treatment of payments to suppliers including to smaller businesses. The PPC and other measures have helped reduce the amount owed to smaller businesses in late payments.

However, this remains an important issue that needs to be tackled as nearly a quarter of UK businesses report that late payments are a threat to their survival. In fact, the Federation of Small Businesses suggests that tackling the issue of late payments could add £2.5bn to the UK economy and keep an extra 50,000 businesses open each year. The Small Business Minister Kelly Tolhurst has announced new proposals that will examine what other measures can be put in place to tackle unfair payment practices.

This includes:

  • a call for evidence to consider the best way company boards can put in place responsible payment practices throughout their supply chain, for example giving a non-executive director specific responsibilities for the company's prompt payment performance; and
  • promoting innovative technologies, such as the latest accounting software, to help small firms manage their payments processes, and empowering trade bodies to highlight the best and worst practices in payment behaviour.

Small Business Minister Kelly Tolhurst said:

'Our 5.7 million small businesses are the backbone of our economy, and ensuring we remain one of the best places in Europe to start and grow a small business is a key part of our modern Industrial Strategy. Over the past 5 years the amount owed to businesses in late payments has halved, but we will go further to make sure all of our small businesses are treated fairly. Today’s new call for evidence will help us identify the most effective way possible to tackle this issue once and for all and ensure small businesses are on a level playing field with their larger counterparts.'


Accounts

We specialise in preparing end of year statutory accounts for your business, in line with HM Revenue & Customs legislation:

Sole Traders & Partnerships
Limited Companies
Limited Liability Partnerships
Property Management Companies
Property rental income accounts

Read More

Bookkeeping

We can adivise on the best bookkeeping options for your needs and budget, if you would prefer to do the bookkeeping yourself.

There are a number of excellent options including Sage desktop software and market leading online solutions, such as Kashflow & Xero.

Read More

Payroll

ejbc payroll

We can set-up and run your payroll scheme or advise on:

Setting up a new payroll system
Day to day payroll processing
Dealing with PAYE and NI deductions
Completing your end of year returns
Holiday & Statutory pay
Stakeholder pensions

Read More

Start Ups

Starting a Business is an exciting opportunity but at the same time can be daunting.

Why not let us take some of the stress away. We are on hand from the outset to help you through many of the challenges of getting your business up and running successfully.

Read More

   

  

Search

Contact Us

The Rectory, 1 Toomers Wharf, Canal Walk
Newbury
Berkshire
RG14 1DY
Phone: 01635 46174
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Newsletter

With our newsletter, you automatically receive our latest news by e-mail and get access to the archive including advanced search options!

» Sign up for the newsletter
» Login

Twitter Feed