Category Archives: Evesham

HMRC defers Self Assessment penalties for Glos online filers

HMRC is deferring Self Assessment penalties for Glos online filers – ESB update. ESB Accountancy effectively detail the HMRC details as: 1. No penalty for late lodgement as long as return submitted by 28 February. 2. No penalty for late payment provided pay off in full by 1 April or set up a payment plan […]

3 reasons bookkeepping cost cutting creates absolute chaos in Accounting & Bookkeeping firms

3 reasons bookkeepping cost cutting creates absolute chaos in Accounting & Bookkeeping firms Honestly, it doesn’t matter what kind of business you’re running, if you have clients who pay you low fees, it creates chaos on many levels. But we’ll get to that in a second. Why do cheap clients create absolute chaos? There are […]

Glos SMEs focus on growth and turn to Recovery Loan Scheme

Glos SMEs focus on growth and turn to Recovery Loan Scheme Small business owners in Gloucestershire are feeling optimistic about economic conditions for growth, according to iwoca’s quarterly SME Expert Index of UK brokers. • Growing the business is the most important reason cited by SMEs accessing finance, overtaking ‘managing day to day cash flow’ […]

Create, protect and sustain value – the role of accountants as trusted professionals at the heart of sustainable organisations

Create, protect and sustain value – the role of accountants as trusted professionals at the heart of sustainable organisations Analysis from ACCA (the Association of Chartered Certified Accountants) uncovers the drivers of change shaping sustainable business and the must-have capabilities needed from accountants as sustainable business and finance professionals of the next decade. ACCA is […]

Growth and productivity: is outsourcing accountancy the answer?

Growth and productivity: is outsourcing accountancy the answer? Outsourcing book-keeping and accounting can free Glos business people for more productive tasks. A third (34%) of UK accountants do not trust that outsourcing is done correctly or to a high enough standard, according to latest research from IRIS Software Group (IRIS), the UK’s leading provider of […]

Many businesses failing to focus on cash flow, survey finds

Many businesses failing to focus on cash flow, survey finds Only 14% of UK Finance departments report a primary focus on cash flow during the COVID-19 pandemic. The majority of businesses focussed on cost-cutting exercises and the use of Government support. For example, 41% confirmed they had furloughed accounts payable staff over the past 12 […]

Making Tax Digital (MTD) is less about tax and regulation than you may think

Making Tax Digital (MTD) is less about tax and regulation than you may think   Booking will be the key for MTD effective When we think of Making Tax Digital (MTD) for Income Tax, the obvious association is tax and regulation, but the reality is that MTD in any form is less about either of […]

Accountants can be trusted

Accountants can be trusted The accountancy industry is set for an overhaul after the collapse of Carillion and BHS dented its reputation. The CMA is proposing that the parts of accountancy firms that perform audits should be separated, that FTSE 350 firms have two auditors, and that there should be more oversight as to how […]

Business confidence in Gloucestershire surges to near-record high

Business confidence in Gloucestershire surges to near-record high     Business confidence in the Gloucestershire has risen to a near-record high since a quarterly survey began in 2004, despite record falls in sales in the past 12 months.   We found that business confidence across the County had surged to a near-record high. This was likely […]

Business confidence at record high in quarterly index

Business confidence at record high in quarterly index   Business confidence has hit its highest level since a survey of Glos businesses began in 2004.   Sentiment tracked by ESB Accountancy found optimism at 38.5 on the quarterly index, its highest level since the survey was launched 17 years ago and second highest since 2014. […]

Treasury launches consultations for tax day

Treasury launches consultations for tax day   The Treasury has published new consultations on how the tax system should work, including a call for evidence proposing changes to the tax administration framework, one considering whether some tax payers should have to pay their tax earlier, and an interim report on the government’s review of Business […]

ESB Accounatncy warns about self-assessment scams

ESB Accounatncy warns about self-assessment scams   Scammers posing as HMRC are using the 31 January tax self-assessment deadline to try to defraud people, chartered accountancy body ICAEW has warned.   We are warning people not to fall victim to these scams, and to check that any emails, phone calls or text messages they receive […]