Gemma Rutland

🚀 Outsourcing for UK Subsidiaries 🚀 For UK subsidiaries of overseas businesses, outsourcing can be a transformative strategy. At Cooper Parry, we’ve seen firsthand how outsourced accounting can revolutionise operations for companies of all sizes and sectors. 🌍 Bridging the Gap: Navigating the complexities of business, communication, and compliance between the UK and your head office can be daunting. Outsourcing ensures timely, meaningful management information, enhancing transparency and accountability. 📈 Freeing Up Leadership: Outsourcing lets your leadership team focus on market impact and growth. ✅ Meeting UK Requirements: A UK partner that can ensure compliance and tax efficiency with local regulations. ⚖️ Flexibility and Scalability: Outsourcing adapts to your business’s evolving needs, ensuring you only pay for what you use, avoiding unnecessary expenses. Curious about how outsourcing can benefit your UK sub? Check out Tanveer Mahtab-Ahmed’s full article. 📖 https://shorturl.at/Zp5ZB #Outsourcing #UKBusiness #uksub #Compliance #BusinessGrowth

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#vat What is a flat rate accounting scheme. Main: For small businesses. Businesses pay a fixed percentage of their gross turnover to HM Revenue and Customs (HMRC). Thresholds: Turnover up to 150000. 1% discount if you’re in your first year as a VAT-registered business. Businesses cannot reclaim VAT on purchases, except for certain capital assets costing over £2,000. Spend a small amount on goods then classified as a ‘limited cost business’ if your goods cost less than either: 2% of your turnover £1,000 a year (if your costs are more than 2%) This means pay a higher rate of 16.5%. If not a limited cost business, use your business type to work out your flat rate. Flat rate gain : have a total income of £1,000 from photography services. Calculate 11% of income:(Flat rate as per photography business) 11% of £1,000 = £1,000 × 0.11 = $110 Determine the remaining amount which would be termed as gain in the books of accounts. Remaining amount after 11% deduction = £1,000 - £110 = £890.

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Another week of busy client meetings in London As of 2024 the UK finance employment market is experiencing notable changes, driven by economic fluctuations and evolving industry trends. For instance, the accountancy sector has seen an 8% rise in vacancies this year. The demand for qualified accountants is on the rise as businesses seek strategic advice to navigate new fiscal policies This growth is clearly reflected in our recent month of work as Finance Recruitment Consultants at Reed. Moreover, engagement on LinkedIn for finance-related job postings has surged, with an increase of 35% in applications year-over-year. Whether you’re a client in search of top-notch talent or a candidate ready to elevate your career, let’s connect and navigate this dynamic landscape together! #financelondon #financejobslondon #finance #financemarket

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😵 Staggering how many companies are formed annually. Great for accountants😄, but this puts pressure on resources in the industry and yet again pushes up the cost of the commodity which is accountant time...🤨 When will software come in and reset the industry? https://lnkd.in/gaM67Y3X #accounting #company #business #finance

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5 unexpectedly enjoyable conversations from last week 👍 1️⃣ A senior manager who wanted some career guidance Whilst I only mentor accountants running their own firm or office, I was happy to offer some support and ideas as regards the new job he is starting next week. 2️⃣ The founder of a new community organisation She was a finalist at the Stephen Lloyd Awards I attended recently. I was so pleased she took up my offer to have a conversation. And I have now put her in touch with 3 people likely to be interested and/or able to offer her advice regarding her new venture. 3️⃣ A potential purchaser of the Tax Advice Network Shh! I can't say much about this. 4️⃣ A lady who wants to start building websites for accountants She was doing her research and sought me out due to my extensive experience in the profession (or words to that effect!). I was honest about her prospects and the type of clients she might be able to attract. Afterwards she sent me a delightful note of thanks that showed she really appreciated my insights and advice. 5️⃣ TONY K SILVER - Linkedin expert As mentioned in an earlier post, this was to receive his feedback after my recent talk. I had shared some potentially contentious advice re Linkedin. And I thought I saw Tony shaking his head to indicate he strongly disagreed with me. Transpired that was my imagination as Tony said he agreed with my views. Phew! 😎 And one for luck 6️⃣ Steve Price This was less of a surprise even tho I didn't know Steve before Philippa Haynes and I interviewed him for our Accountants' Success Secrets Podcast this week. He was our 20th interviewee and was as fascinating and distinct as all the others. Following yesterday's post we are now fully booked to the end of the month but welcome further interviewees for September. Let me know here or by DM if you might be interested. —— All of the above were in addition to regular mentoring calls, speaking enquires and conversations with sole practitioners about the Sole Practice Club and mentoring. Maybe there will be more unexpectedly enjoyable calls next week. Book yours using the Calendly link on my profile or website. Did you have any unexpectedly enjoyable calls last week?

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Do you currently employ an "in house" bookkeeper? The increase in NI costs and the rise in minimum wage rates WILL lead to higher costs for you Have you ever thought about outsourcing your entire finance function to one provider? We offer a full service finance function from end to end What are the benefits of outsourcing to one provider? ✅️ One single point of contact ✅️ One fee to pay ✅️ 52 week coverage ✅️ a tried and tested process for all your finance needs What you won't get ❌️ No NI increase ❌️ No minimum wage increase ❌️ No holiday pay to pay ❌️ No sick pay to pay What's not to love? Get in touch if you want to know more #finances #business #Getsmartaccountants

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In my decades of being both a business owner, accountant and mentor, I’ve realised that accountants are absolutely pivotal to every kind of business. Accountants solve: Cash flow issues Regulatory and legal compliance issues Tax issues Budget control issues Growth forecasting And more! 📩 [email protected] #ukaccountant #taxseason #UKfinance #accounting #accountant #businessstrategy #smallbusinesstips #accountingservices #accountingtips #accountingfirm #accountingandfinance #manchesterbusiness #smallbusiness #entrepreneur #businessgrowth #success #accounting #accountant #businessgoals #manchester

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#MTD Myth Buster: ‘There’s no guidance available to help me understand MTD ITSA’ ⁉️ Not true! There’s a suite of guidance available and extra in production. Keep your eyes peeled for nore. Additional, in April and to asssit the expanded Beta testing, we published new guidance for sole traders, landlords and their agents who volunteer to try out the MTD ITSA system during the tax year 24/25. https://lnkd.in/eZJPUTra This guidance is about what to do after you sign up to testing and includes information on: 1 - Getting started 🏃🏽‍♀️‍➡️ 2 - Keeping Digital Records (how, when, what etc) 💻💽 3 - Sending Quarterly Updates 🗓️ 4 - Making YE Tax and Accounting Adjustments 📑 5 - Completing your MTD Digital Tax Return before the 31st Jan (final button click is ‘Final Dec’!) 👩🏼‍💻🛜 Our new ‘get started’ guidance summarises what you need to do in advance of signing up, including choosing and authorising your software. #MakingTaxDigital #MTD #PrivateBetaTesting #Guidance #HMRC #Tax #SoftwareDrivenSubmissions

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