All posts by Peter Glading

Big Brother is watching you

Peter Glading

Big Brother is watching, and I am not referring to the Channel 5 programme! The term originated from a warning that appears on posters throughout Oceania, the fictional dictatorship described by George Orwell in his book ‘Nineteen Eighty-Four’. Now, in 2017, the tools are available to allow all sorts of organisations to correlate information about us.

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Why should you stress test your business?

Peter Glading

We often hear that the banks are being stress tested to determine their ongoing viability. Do you just assume that this is ‘economics’ that goes way over our heads? Actually, we can apply similar principles to all types of business. It involves applying systems to identify potential problems, however extreme or unlikely, and then devising strategies to minimise or alleviate their effect.

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How does the Autumn Statement affect you?

Peter Glading

The Autumn Statement was not the most exciting from a tax perspective, but it was interesting for a number of reasons.

The Chancellor finished his first statement with an unexpected announcement; since the days of Gordon Brown there have been two showpiece performances, the March Budget, concentrating on tax, and the Autumn Statement, concentrating on spending.

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Making Tax Digital ­­- how will it affect the legal sector?

Peter Glading

Major changes are being made to the way in which all taxpayers interact with HM Revenue and Customs (HMRC). The Government is referring to these changes as “Making Tax Digital” (MTD), and they are proposing a staged introduction to the new rules, starting for many in April 2018.

Larking Gowen has prepared and submitted a comprehensive response to HMRC’s consultations on Making Tax Digital with regard to how it impacts our clients and suggesting matters to improve implementation for businesses.

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Government examines support for the self-employed

Peter Glading

There is a record number of self-employed workers at the moment, approximately 4.6 million, which represents about 15% of the UK workforce. They are also spread across a diverse group of sectors, including agriculture, construction, transport, the art world, hairdressing and travel writing.

Back in July 2015, the Government commissioned a report by Julie Deane OBE, the CEO and Founder of The Cambridge Satchel Company.

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Are you ready for the new pound coin?

Peter Glading

Does your business handle cash? If so, are you ready to handle the new £1 coin that will be introduced in March 2017? The Royal Mint is producing 1.5 billion of the new coins.

I attended a Christmas Fair recently and whilst chatting to several of the stall holders I was quite surprised how few of them were aware of the change that will be happening next year.

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Using your customers to improve your business

Peter Glading

I read many articles, blogs etc., which relate to general business matters, marketing and business development. Many seem contradictory but if you drill down into them, and give it some thought, you can usually take something away to help develop your own business.

Client service

Do customers prefer quick service, or good service? A recent study categorically concludes that good service trumps quick service every time.

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How might Brexit affect business?

Peter Glading

Lenin once said: “There are decades where nothing happens; and there are weeks where decades happen.”

I guess that after the referendum vote that is particularly true, and who could have predicted the political ramifications that have been played out since the results were announced.

At the moment we just do not know what the long term impact on the nation’s businesses will be, although many commentators are speculating what might or might not happen.

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