WSM Blog

EuropeFides GM Prague June 2018

The beautiful city of Prague was the host this time for the EuropeFides GM in June and it was held at The Novotel Praha Wenceslas Square.

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Beware impact of VAT MTD

HMRC announced in July 2017 that Making Tax Digital (MTD) will be postponed for a year for all taxes except for VAT. MTD will affect all VAT-registered businesses with a taxable turnover above the VAT registration threshold for VAT periods beginning on and after 1 April 2019.

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Winding up petitions – The end of your business?

A winding-up petition can only validly be issued if a debt of £750 or more is indisputably owed, normally demonstrable by way of an unsatisfied statutory demand.

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Immersed in work and icy water

For those of us who have office based jobs, it may look and certainly feel like we spend alot of time at our desks, however, myself and the team at WSM actually have a really good work life balance and so instead of writing about our daily corporate musings, I have chosen to write about a passion of mine - a breathing and cold immersion technique known as the Wim Hof Method.

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VAT on school fees

There has been much debate in recent years over VAT on school fees. Last year the Labour party planned to tax private school fees to pay for free school meals. The VAT position on education really depends on the political party decision. In reality the government can change the law and apply VAT to school fees.

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GDPR – Is there any good news?

Just in case anybody has missed it, GDPR affects any business which holds personal data and GDPR has to be implemented by 25 May. As the definition of personal data can cover everything from a person’s name to their medical records and from their photograph to their bank details it is likely that every business will be affected.

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Solicitors Accounts Rules 2018 – More changes on the way

The draft SRA Accounts Rules 2018 were published by the SRA on 14 June 2017. The main focus of the new rules is to keep client money safe rather than prescribing how firms must run their accounts.

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Auto-enrolment – Are you up to speed with the changes?

Auto-enrolment has been with us for a number of years – the exact timing depending on each employer’s staging date. The Pensions Regulator confirmed recently that since its introduction 9.3m people are now investing in a private pension scheme as a direct result of auto-enrolment.

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Cryptocurrency and Blockchain Series – The Blockchain Part 2

In the previous post we looked at the main features of the blockchain and how it works. To finish up with this blockchain mini-series, we will now look at a number of ways blockchain technology can be and is being used to enhance our lives.

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Importance of Control Self-Assessment (CSA) to Organisations

CSA is an assessment of controls carried out by staff and management involved in the area or process being assessed to provide assurance to stakeholders, customers and other parties that internal control systems of the organisation are reliable.

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