Are you claiming VAT at the appropriate rate on expenses?
Many software packages have a “default VAT rate” which can be set for each expense code. This can speed up the processing of invoices and payments considerably. If the default rate is 20%, any payment coded to that account will extract VAT – e.g. post £120 and £100 will be the expense and £20 will be […]
Tackling the gender pay gap
A multifaceted approach is needed in order to close the gender pay gap. The gender pay gap has been declining slowly over time and in the last decade it has fallen considerably. However, there is more work to be done, to ensure that employees are paid equally for doing the same work, regardless of their […]
Cash flow is essential – make it easy for customers to pay
Cash flow is vital for business success and most people are aware of the phrase – Cash is King. Your business both wants and needs to be paid promptly for work you have done, services or goods provided. There are several steps you can take to improve cash flow in the business. Do not offer […]
DUA Tax newsletter – February 2024
Welcome to the February edition of our Tax newsletter. We hope that you find this informative. Please contact us if you wish to discuss any issues in more detail. YEAR END TAX PLANNING It’s not too late to undertake some end of year tax planning. If you have some spare cash, an obvious tax […]
Financial Engineering
Financial engineering is the use of mathematical techniques to solve financial problems. Financial engineering involves the application of quantitative techniques and engineering principles to create innovative financial solutions. The objective is to address the intricate challenges of financial markets, providing a sophisticated framework for risk management, investment strategies, and the development of new financial instruments. […]
How generative AI is already changing how we work
AI is already impacting business, employees and the wider economy. The advent of generative artificial intelligence (AI) has ushered in a new era of efficiency and innovation, fundamentally altering the landscape of how we work. This powerful technology, exemplified by offerings such as Chat GPT, has already begun to revolutionise various industries, reshaping workflows, decision-making […]
Customers want experiences
Online business models are great, but there is a reason why Ikea and Lego are opening physical stores. Traditionally, businesses focused on developing high-quality products to meet customer needs and expectations. However, the modern consumer is not merely seeking a transactional exchange – they crave a holistic experience that goes beyond the tangible features of […]
Cultivating curiosity
Curiosity is the engine that drives innovation. Businesses that foster a culture of curiosity empower their teams to question, explore, and seek novel solutions, thereby creating an environment conducive to adaptability and creativity. Curiosity prompts individuals to question the status quo, challenge assumptions, and explore uncharted territories. In a business context, this translates to […]
DUA Tax newsletter – January 2024
Happy New Year and welcome to the January edition of our Tax newsletter. We hope that you find this informative. Please contact us if you wish to discuss any issues in more detail. New Year Resolutions To Save TAX At this time of year, we think about New Year’s resolutions. It is also a […]
Infrastructure as a Service
IT infrastructure that sits in the cloud. Infrastructure as a Service (IaaS) provides virtual computing resources over the internet, giving businesses essential elements of their IT systems without needing physical hardware. At its core, IaaS is flexible and scalable. It lets businesses rent computing resources as needed, including things like virtual servers, storage, and […]