Preparing for GDPRFor the past couple of months you'll have been hearing a lot about the new GDPR law and probably receiving a lot of emails from companies asking you to accept to remain on their mailing lists. So, how can you ensure your business complies?GDPR Re-capIt was announced that the new General Data Protection
Simply put, Management Accounting provides regular, timely financial and statistical information to enable you to make informed business decisions. This is vital for all businesses, as it is used to drive performance, inform strategy, maximise profit and highlight issues. Depending on the size of your business, Management Accounts, should be prepared on a monthly or
The total minimum contribution for automatic enrolment pensions increases from 2% to 5% of qualifying earnings on 6 April 2018, by law. This contribution will increase again on 6th April 2019 to a total minimum amount of 8%. As an employer you must ensure that you have increased the amount of their minimum contributions into their staff's automatic
Franks Accountants are proud to announce that we have been shortlisted for the Independent Firm of the Year Award in the Yorkshire Accountancy Awards 2018! The Yorkshire Accountancy Awards were developed to celebrate the achievements and successes from the region’s best and brightest within the accountancy sector. We’re excited to have been shortlisted for
When you’re with Franks Accountants, we want to make sure you’re protected from unwanted and often random HMRC enquiries. That’s why we offer Tax Investigation Protection cover for free through Abbey Tax to all our clients. This will protect you from the professional fees associated with a compliance check, and ensure you get the best
Bitcoin is a new digital currency using peer-to-peer technology and no central authority or banks, otherwise known as a ‘cryptocurrency’. The bitcoin is currently trading at £7579.17 to 1BTC (February 2018), following a fall from £15,000 in December 2017. As the value of the bitcoin rises and falls, many are considering the tax implications of
If you noticed your tax return being a little higher this year, here may be the reason: Many company owners pay themselves in the form of dividends, rather than a salary. However, in 2016 a new regulation was introduced called the ‘Dividend Tax Allowance’ whereby only the first £5,000 of your dividend payment will be
The deadline for your 2016-17 tax return assessment is now only a week away, on Wednesday 31st January 2018. As the paper deadline has already passed (October 2017), you must now submit your assessment online. Not doing so, will mean you incur a penalty, unless you have exceptional reasoning and proof (such as a hospital
At Franks Accountants, we are devoted to supporting our local community and helping it thrive, and each year we try to do even more. This year, after letting our Facebook friends choose the charities we'd be supporting, we've provided our accountancy services totally free to The Wetherby Lions, as well as, Autism Angels. Our charitable
Make Sure You're Savvy About Spam Emails As we approach Christmas and the festive season malware infections increase, so we want to make sure all our clients, family and friends know how to check if our emails are genuine. Hackers can often impersonate a company, leading to unsuspecting people giving away payment information or contracting a
