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CRM become Handpicked Accountants

We are delighted to announce that Chapman Robinson & Moore have been selected as the latest addition to Handpicked Accountants. Handpicked Accountants is a fantastic new service which aims to connect individuals and business owners with an accountant they can...

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6 non-taxable benefits that should not be on your P11D

A P11D is for each employee in receipt of benefits in kind and expense payments. By the 6 July, following the end of the tax year, employers should have submitted your P11D forms online to HMRC, given your employees a copy of the information on your forms and told...

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Are you correctly treating costs incurred as disbursements

Disbursements can be added to invoices without the addition of VAT on top.  However, we regularly identify the overuse of this.  An item is only a disbursement if the cost is actually the customer’s legal responsibility to pay, and you have paid this on their behalf...

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CRM to boost employee volunteering and staff development

Directors at accountancy firm Chapman Robinson and Moore (CRM) have committed to giving every staff member three hours per month to become regular volunteers at a charity of their choice. CRM had been considering ways to share their staff’s time, talent and skills...

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CRM take your data seriously under GDPR

The EU General Data Protection Regulation (GDPR) replaces the Data Protection Directive 95/46/EC and was designed to harmonise data privacy laws across Europe. The enforcement date is 25th May 2018. To demonstrate our accountability and show we take Data Protection...

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Playing your part… Helping to build a cleaner society

I have just finished reading through the Statistical Press Release on UK Energy Statistics for 2017 and Q4 2017 which has just been released online. At an event, I heard someone saying that he didn’t expect much change from this, and he did not expect to see any...

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Fraud – Don’t just trust an email, text, phone call etc

In our last enewsletter, we reported a conversation with Barclays Bank and how Email is not always a secure channel of communication and is increasingly targeted by fraudsters. Fraudsters are intercepting emails and tricking members of staff at organisations into...

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CRM raises over £3,000 for Sobell House

We are delighted to advise that our Charity Race Night on Friday raised £3,445 for our charity of the year, Sobell House https://www.sobellhouse.org/ Our special thanks to Barclays Bank, who demonstrated their commitment to the local community and supporting the work...

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Business In Oxford 2018

We are exhibiting at the fantastic Business in Oxford 2018 event on Wednesday 23rd May 2018. This is a showcase event for businesses in Oxfordshire and will provide keynote speakers, seminars, an exhibition and networking opportunities. As part of our stand, we are...

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What is your activity gap?

A common phrase often used in business terms is ‘if you always do what you have always done, you will always get what you have always got’. We offer support to help you make the change needed in your business, so that it delivers the results you want to meet your...

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Spring Statement 2018

Our Technical Director, Alan Sowden, provides his usual overview and some planning points for your consideration. Chancellor Philip Hammond presented his first Spring Statement on 13th March 2018.  As announced in the Autumn Statement 2016, the Spring Statement will...

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The Step Change to Significant Business Growth

Our Commercial Director, Mike Foster, was recently asked to speak at a local networking group for business owners looking to develop their business. Mike’s presentation was titled ‘The Step Change to Significant Business Growth’ and covered 10...

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How does your construction business compare?

INDUSTRY FINANCIAL DATA AND RATIOS Industry: 41.2 – Construction of residential and non-residential buildings Prepared: 02/2018 A sample of our report data, based on businesses in the stated industry, providing real time industry metrics and identifying industry...

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Inheritance Tax (IHT) – What you may want to know

Inheritance Tax (IHT) is a tax on the estate (the property, money and possessions) of someone who’s died. IHT on death When an individual dies, all assets and liabilities (including reasonable funeral costs, taxes other than IHT etc) are valued at the date of death...

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Simple Stuff That Works

A short video to introduce the content from a recent seminar of the same title looking at business development and the fact that cash is...

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Wages to Income: a relevant measure across many sectors

Here at CRM, we work with a variety of businesses as well as having our more narrow areas of specialism. However, one measure that we find is often considered in most sectors is the amount it costs a business owner in wage costs to deliver the income levels they...

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A guide to Income Tax Self-Assessment

Increasing numbers of tax payers are affected by self-assessment, including the self-employed and paid company directors. If you are one of them, there is no need to be concerned. As long as you keep detailed financial records and meet the deadlines for completing the...

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HMRC are changing their VAT Portal

HMRC have confirmed that from 14 February 2018 the Electronic Data Interchange (EDI),  the current platform used to submit VAT Returns electronically, will be decommissioned and replaced with a new platform. From that date, all electronic Returns must be submitted via...

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Allowable expenses for subcontractors

As a subcontractor, it can be difficult to know which of your expenses are allowable for tax purposes, and are therefore able to reduce your tax liability or increase any repayment due. Below are common expense categories, and the associated costs within them which...

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Are you giving up too soon on your prospects?

From statistics shared by the National Sales Executive Association, 48% of people never follow up with a prospective client. 25% of people never make a second contact and 12% of people only make a maximum of 3 contacts and stop. Your marketing activity is an...

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Bookkeeper or Accountant?

We are often asked the difference between bookkeeping and accounting. The work of a Bookkeeper and Accountant can overlap, as Bookkeeping is part of Accounting. We agree there are many similarities, but there is often a misconception that bookkeeping and accounting...

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Autumn Budget 2017 Review from CRM

On Wednesday 22nd November The Chancellor, Philip Hammond, presented his latest and second Budget to Parliament reporting on an economy that “continues to grow, continues to create more jobs than ever before and continues to confound those who seek to talk it down”....

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CRM represented at Number 10

We were delighted that our Commercial Director, Mike Foster, was asked to represent CRM and Entrepreneurship at Number 10 Downing Street. Enterprise Nation invited a group of business owners and ambassadors to meet with the Prime Minister’s business adviser to discuss...

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Reducing the cost of online shopping

HM Revenue & Customs (HMRC) have announced changes to import duties, which should make it cheaper to purchase goods from outside the EU. The following in an excerpt from HMRC’s website: From next month, internet shoppers will no longer have to pay customs duty on...

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What could you be measuring?

Are you making your numbers work? Do you measure, analyse, consider and improve those real numbers that impact on your performance? Have you considered what numbers you could be measuring in your business? Yes, here at Chapman Robinson & Moore, we love our...

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Challenges facing professional service providers

Professional Service Providers are set to face a number of challenges in the near future with changes in the following areas- Changes to taxation on property in come profits Restricted relief for finance costs to the basic rate of income tax Landlords no longer able...

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New tools for New Businesses from the Pensions Regulator

The Pensions Regulator has launched a new online suite of information and tools to assist new businesses who from 1 October have a legal duty to put staff straight into a workplace pension as soon as they employ them. From 1 October, new businesses will no longer be...

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Parents and grandparents missing out on gifting reliefs

The Bank of Mum and Dad is more in demand than ever before, helping the younger generation join the property ladder, pay for university tuition fees, purchase a vehicle or contribute to other costs. However, new research shows that almost half of parents and...

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Childcare vouchers and Tax Free Childcare

Childcare vouchers are being phased out in favour of the new Tax Free Childcare scheme: From April 2018 childcare vouchers will be closed to new entrants: if parents are not already signed up for vouchers at that time they will not be able to claim them in the future....

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Save time on your bookkeeping

It is unlikely you started your business to be a bookkeeper or an adminstrator of your financial record keeping. It is more likely you set up your business to utilise your own knowledge or skill, offer something you are passionate about and / or fill a gap that the...

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Avoid the cost of a HMRC Tax Investigation

As a result of recent increases in investigation activity by HMRC, many business owners are considering the impact of any potential cost of a possible investigation. The investigation process can be extremely stressful as you are required to ‘prove your innocence’ to...

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Capital Gain Tax (CGT) in brief

Who is liable to CGT? CGT is payable by UK resident individuals and trustees (incl. personal representatives).  It is also payable by non-residents on disposal of UK residential property. Partnership gains are apportioned to the partners.  Limited companies pay...

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A Quick Quiz

Let’s try this quick quiz! How much do you know about your business? What’s your net income? What is your gross profit? How are you doing in comparison to last month? Or your budget? How much are you spending on wages versus income? How’s your cashflow looking? We...

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Why we’ve partnered with FUTRLI

Traditionally accountants help with your figures in a historical and reactive way. Services such Accounts production and tax returns is all looking backwards at the past, reviewing what happened last month, quarter or year. At Chapman Robinson & Moore, we’re not...

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Pubs Relief Scheme

The Government gives funding to local authorities so that they can provide a discount worth up to £1,000 in financial year 2017/2018 to public houses with a rateable value of less than £100,000. This relief needs to comply with the European Union law on State Aid. ...

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Effective forecasting and management reporting

Budgeting is an essential first step and the foundation of your business planning. Ensure you reach your destination with effective forecasting and planning. Identify the numbers that truly impact your performance, measure and improve them. Understand today, forecast...

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A New way of Accounting to Make Your Numbers Work

Here at Chapman Robinson and Moore, we have developed an innovative and new way of accounting for our clients, to help them make their numbers work for their future success. For over 30 years, we have been the go-to trusted advisers for our clients, supporting the...

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CRM choose a Charity of the year

We are delighted to announce that the team at CRM have committed to support a Charity of the year. Our first Charity of the year will be Sobell House Hospice in Oxford. The team at CRM are committed to helping this wonderful charity to raise funds and also offer their...

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Average Spend per Head

Here at CRM, we have a number of clients in the Leisure and Hospitality Industry with whom we are working to help make their numbers work for their continued success. An essential metric we encourage these clients to measure is the ‘Average Spend per...

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Your VAT reporting

VAT is often considered ‘black or white’. For example, you should register or not and an invoice should include VAT or not. However, as with many taxes in the UK, it can be a grey area and can depend! You must register for VAT with HMRC if your business’...

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Making Tax Digital – in preparation of

Making Tax Digital (MTD) is proposed to help bring the tax system into the 21st century by providing businesses with a modern, streamlined system to keep their tax records and provide information to HMRC. The roll out for MTD has been amended to ensure businesses have...

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8 Steps to Business Improvement

How would you answer these questions? What are your goals and objectives? (Personal and Business) What is your exit strategy? Are these aligned with other stakeholders in the business? Key Predictive Indicators – What are the activity numbers and performance targets...

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CRM announces the next Business Improvement Workshops

We are pleased to announce that in October 2017, we will launch our 4th Business Improvement Workshop programme. This programme is for business owners who are looking to develop and grow their business and make more money with less effort. The content of our programme...

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Snippets from our Tax Seminar

Last month, July 17, our Technical Director, Alan Sowden delivered a Tax Seminar, that covered many areas in relation to planning to pay less tax. If you were unable to join us or would like a refresh of the content, then please see three video snippets below.  ...

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Employer? Here’s some useful factsheets

Staff sickness may be a considerable burden on a business, leading to additional staffing costs and increasing the workload for other workers. While all employers would want to support members of staff who are unwell, sickness absence must be managed otherwise it can...

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Making Tax Digital delayed until 2020

The launch of HMRC’s Making Tax Digital for Business programme has been pushed back until 2020. HMRC had planned to mandate the use of digital tax records for businesses by April 2018, but concerns were raised that the deadline did not provide enough time for...

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5 reasons not to switch to CRM accountants

1. You will have more profits and cash in the business, that you won’t know what to do with it and it may distract you thinking how to spend it. 2. You will be working less hours and running the business with less effort, so likely to get bored because you are...

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Changes to the taxation of employment termination payments

Are you considering the termination of any employment contracts? If so, please note the potential changes from April 2018. Draft legislation that is expected to come into effect from April 2018, means that Employer NI (currently 13.8%) must be paid on all sums over...

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Attracting Employees – relocation costs

Are you having to attract new team members from outside your immediate catchment area? This is something we are experiencing with our clients, as they seek to attract the best talent to their teams. Relocation packages are often offered from employers to new employees...

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CRM become Advisers with Enterprise Nation

Since launching in 2005, Enterprise Nation has helped thousands of people start and grow their own successful business. Led by Emma Jones MBE, they are the UK’s most active small business community and offer a voice to government for members too. The mission at...

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General Data Protection Regulation (GDPR)

The EU has introduced the GDPR to update and harmonise data protection practices across the EU. It will apply to all EEA countries and any individual or organisations trading with them. As it comes into force on 25 May 2018 (before the UK leaves the EU), UK...

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Run your business like driving your car

Would you leave home for a long journey without a plan of how to get there or without any preparation beforehand? Of course this is unlikely, unless you know the route really well. So why do so many small businesses attempt this by not having a business or marketing...

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Making Innovation Affordable

R&D tax relief – It’s a winner! Research and Development (R&D) tax relief and tax credits are amongst the most under-claimed tax incentives currently available. Many people often believe that unless a scientist is employed by the company, then R&D...

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Alan Sowden speaks at The Bookkeepers Conference 2017

For the third year running our Technical Director, Alan Sowden, was asked to share his knowledge and expertise with the delegates at The Bookkeepers Conference, held in Birmingham on 12th June 2017. Following an open Q&A session, Alan spoke about P11ds and Tax...

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Research and Development tax credits – an outline

Research and Development (R&D) tax credits is an area where we are experiencing an increase in enquiries from our clients. This article provides an overview of the schemes and what is included within a claim. R&D tax credits are only available to Companies...

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The Rise of the Robots

For sure, we are in an era when we are all seeing the rise of the robots in our work and personal life’s. However, how far will this go? What is the realistic threat to jobs and the likely impact on the economy? Some of our team were recently part of a tour around the...

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Are you measuring your callbacks?

Callbacks occur when a repair or improvement has been unsuccessful, which results in a return visit to correct the issue. As Callbacks are generally provided free of charge, this is of course a drain on your bottom line, due to the associated time and monetary cost of...

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Who are your Key Accounts?

Are you spending your time with the right customers? Many commentators quote The Pareto principle (also known as the 80/20 rule). For example, 80% of our income comes from 20% of our customers or 20% of your people will be responsible for 80% of the businesses output....

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Where do you employees have their best business ideas?

British workers no longer have their best ideas while sitting in the boardroom according to a new poll of office workers, as part of a survey, commissioned by Crown Workplace Relocations. The poll found that casual chit chat is what inspires the majority. The top...

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What should be on your P11D?

The P11D is a statutory form required by HMRC from UK based employers detailing the cash equivalents of benefits and expenses that they have provided during the tax year to their directors, and employees earning at the rate of more than £8,500 per year....

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Sources of general business support

in addition to the support and expertise we offer here at Chapman Robinson and Moore, please find below a list of other organisations that could help you develop your business. www.gov.uk  – Provides advice on starting a business, tax, payroll, H&S, IT,...

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KPI’s for the Leisure and Hospitality industry

At Chapman Robinson and Moore, one of our specialist areas of expertise is the Leisure and Hospitality Industry. To help our clients in this industry make their numbers work for their own success, we work with them to identify the KPI’s that will help measure...

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CRM supports open letter to work experience pupils

Coinciding with Responsible Business Week, a group of leading local companies including CRM, has written to school pupils about to embark on a work experience placement, giving them tips on how to get the best out of it and make a good impression at their host...

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How is technology and software change in your business

The pace of change in many industries today is driven by development in software and technology. Some of the software benefits that were previously an expensive investment for a small businesses is now much more affordable. In addition, technological developments are...

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The Limited Company and Tax

When setting up a new business, you have to decide what format your business will take. If you decide to form your business as a limited company, there are some requirements you will need to follow to notify the right people (Companies House). However, why do you need...

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Would you also benefit from a Carbon Footprint analysis?

A Carbon Footprint study quantitatively assesses the Greenhouse Gas emissions arising during a given period. A carbon footprint is measured in tonnes of carbon dioxide equivalent (tCO2e). The concept of a carbon footprint has been developed to help to quantify and...

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Are you considering Credit Cover?

The Association of British Insurers (ABI) has recently published a new guide that showcases the value of trade credit insurance to business. Credit insurance is a Business to Business type of insurance providing cover against the risk of not being paid for goods or...

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Maximise your return on investment in people

One of the key performance indicators that we discuss with our clients in the construction industry, is how they maximise their return on investment in people. Many construction firm’s will invest in their workforce and create one of their largest assets, so managing...

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Class 4 NIC reversal

Chancellor Philip Hammond has announced today (15th March 2017) that the planned rises to Class 4 National Insurance Contributions (NIC) for the self-employed, which were announced in the Spring 2017 Budget, will not now go ahead as planned in 2018 and 2019. He...

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Average Daily Rate in the Hospitality Industry

One of our specialisms, here at CRM, is working with businesses in the pubs, restaurants and hospitality industry. When helping our clients in this industry to make their numbers work, we help them focus on certain key performance indicators. One of these is the...

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CRM becomes the 50th business to join Reciprocate

Chapman Robinson & Moore Accountants becomes the 50th business to commit to more responsible business by becoming member of Reciprocate Chapman Robinson & Moore Accountants has joined other local companies such as Unipart, Royds Withy King, DAF Trucks and...

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The number one – take care

Of course, we are always interested in the numbers in a business. Not just the black and white numbers that make up the financial accounts of a business, but more of the numbers that contribute to the key success drivers of that business. However, one number that we...

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7 tips to improve your sales meeting conversation rate

As part of our Business Improvement Programme and Business Mentoring Programme, one area we explore with our clients is how to make the most of your sales opportunties. A good sales process will consider the various and personal steps to effectively convert your...

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