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	<title>Management Accounting Services</title>
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	<link>http://www.mymanagementaccountant.co.uk</link>
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		<title>A thank you&#8230;..</title>
		<link>http://www.mymanagementaccountant.co.uk/2012/04/12/a-thank-you/</link>
		<comments>http://www.mymanagementaccountant.co.uk/2012/04/12/a-thank-you/#comments</comments>
		<pubDate>Thu, 12 Apr 2012 14:14:54 +0000</pubDate>
		<dc:creator>Martin Bown</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Cancer]]></category>
		<category><![CDATA[Social Media]]></category>

		<guid isPermaLink="false">http://www.mymanagementaccountant.co.uk/?p=388</guid>
		<description><![CDATA[Life, and business, has been good since the New Year, so this is long overdue. It&#8217;s a thank you note to all the friends who supported me and my family through my treatment last year.  Whether you&#8217;re a client, a &#8230; <a href="http://www.mymanagementaccountant.co.uk/2012/04/12/a-thank-you/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>Life, and business, has been good since the New Year, so this is long overdue.</p>
<p>It&#8217;s a thank you note to all the friends who supported me and my family through my treatment last year.  Whether you&#8217;re a client, a business contact or a twitter contact, to me you&#8217;ve become a very good friend.</p>
<p>Many of you said that the way I faced up to cancer was inspiring.  Whilst those words were very kind, and extremely humbling, I still don&#8217;t think I was doing anything extraordinary.  Simply a husband, daddy, son, brother and friend doing what he needed to do to make sure he was around to continue to share in the good (and not so good) times.</p>
<p>In actual fact, <em>I</em> was inspired by the way everyone else around me took on the emotional challenge, in particular my close family.  I know it was a very, very difficult time for all of them, however positive the prognosis.</p>
<p>I was inspired by the daily updates twitter runners posted onto my timeline.  Inspired enough to reach the start line of the Brighton Marathon on Sunday 15th April.</p>
<p>As I tweeted earlier in the week, the start of the Brighton Marathon is 214 days after I was diagnosed with stage 2 testicular cancer, and 144 days after my chemotherapy treatment ended.  I went through 3 cycles of BEP chemotherapy, which was 9 weeks of back to back treatment.</p>
<p>Written down like that in black and white, it doesn&#8217;t make 26.2 miles all that far.  I&#8217;ll certainly be running with a smile on my face.</p>
<p>I quote these statistics, not because I want a pat on the back &#8211; far from it.  I post these statistics because I want people to see that <em><strong>it&#8217;s possible</strong></em>.</p>
<p>I&#8217;m running the marathon as part of the <span style="color: #0000ff;"><a style="font-weight: bold;" href="http://www.cerebra.org.uk/" target="_blank">Cerebra</a><strong> </strong><span style="color: #000000;">team</span></span>, a charity that my wife and I are Ambassadors for.  This charity works with children affected by brain injuries, and their families.</p>
<p>I&#8217;m also running to raise awareness of <span style="color: #0000ff;"><a style="font-weight: bold;" href="http://www.checkemlads.com/" target="_blank">CheckEmLads</a><strong> </strong><span style="color: #000000;">This charity was quick to provide support to me during my treatment.  If you need to speak to a testicular cancer survivor, then you need to speak to this charity.</span></span></p>
<p><span style="color: #0000ff;"><span style="color: #000000;">All I ask is that you visit, and bookmark their websites.  You may never know when you need them in the future.</span></span></p>
<p>Thank you.
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		<title>And before you know it&#8230;..</title>
		<link>http://www.mymanagementaccountant.co.uk/2011/11/24/and-before-you-know-it/</link>
		<comments>http://www.mymanagementaccountant.co.uk/2011/11/24/and-before-you-know-it/#comments</comments>
		<pubDate>Thu, 24 Nov 2011 15:29:56 +0000</pubDate>
		<dc:creator>Martin Bown</dc:creator>
				<category><![CDATA[Social Media]]></category>

		<guid isPermaLink="false">http://www.mymanagementaccountant.co.uk/?p=379</guid>
		<description><![CDATA[&#8230;.. we&#8217;ve reached the finish line. Just like marathon day itself, I didn&#8217;t let the challenge scare me, I loved and appreciated the support along the way, of course was happy to have crossed the line, but mainly just feel &#8230; <a href="http://www.mymanagementaccountant.co.uk/2011/11/24/and-before-you-know-it/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>&#8230;.. we&#8217;ve reached the finish line.</p>
<p>Just like marathon day itself, I didn&#8217;t let the challenge scare me, I loved and appreciated the support along the way, of course was happy to have crossed the line, but mainly just feel relief that I can have a few weeks off.</p>
<p>9 weeks on since the start of chemotherapy.  I always knew they&#8217;d pass by quickly, even during the sleepless nights and lethargic days.  It seemed that no sooner was one treatment finished, another started.</p>
<p>And for a fitting bookend, I finished just in time for Thanksgiving, which as some of you will know, is very much celebrated in this corner of West Yorkshire.  Today, more than ever before, this family, and its many friends, has much to be thankful for.
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		<title>We&#8217;re at Canary Wharf already&#8230;..</title>
		<link>http://www.mymanagementaccountant.co.uk/2011/11/09/mile-18/</link>
		<comments>http://www.mymanagementaccountant.co.uk/2011/11/09/mile-18/#comments</comments>
		<pubDate>Wed, 09 Nov 2011 07:30:07 +0000</pubDate>
		<dc:creator>Martin Bown</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Social Media]]></category>

		<guid isPermaLink="false">http://www.mymanagementaccountant.co.uk/?p=372</guid>
		<description><![CDATA[Well, I&#8217;m about to start my third and final cycle of chemotherapy. We are almost at mile 18 of this challenge, which as many of you London Marathon runners know that means we&#8217;ve reached Canary Wharf. Canary Wharf certainly wasn&#8217;t &#8230; <a href="http://www.mymanagementaccountant.co.uk/2011/11/09/mile-18/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>Well, I&#8217;m about to start my third and final cycle of chemotherapy.</p>
<p><strong><span style="text-decoration: underline;">We</span></strong> are almost at mile 18 of this challenge, which as many of you London Marathon runners know that means we&#8217;ve reached Canary Wharf.</p>
<p>Canary Wharf certainly wasn&#8217;t my favourite part of the marathon.  The rising temperatures were beginning to take their toll, the seemingly narrow streets, the towering buildings reflecting sunlight in all directions, the noisy crowds and the start of twinging calves all made running through Canary Wharf an unforgettably painful few miles.  But, I made it through, breathed a huge sigh of relief as I ran down the exit road, composed myself and pushed on towards the finish.</p>
<p>Don&#8217;t misunderstand me, the last 8 miles were far from plain sailing BUT I chose not to listen to pre-race advice telling me &#8220;the first 20 miles of a marathon are easy, it&#8217;s the last 6 you need to worry about&#8221; &#8211; indeed I was at mile 24 before I realise I&#8217;d exceeded my &#8220;20 mile barrier&#8221;.</p>
<p>I&#8217;m sure, at times, the next three weeks of chemotherapy are going to have their tuppence say and add to the mounting side effects.  When they do, it&#8217;s best to try and breathe a sigh of relief, compose myself and never forget though that chemotherapy is pushing me one step closer to the finish line.</p>
<p>I&#8217;ve been overwhelmed by the support from current, and new, clients, from business associates, from old friends re-connecting on facebook, and from newer friends on Twitter.</p>
<p>And of course, from the support of my family, all of whom must find it so difficult to see me facing this challenge on my own &#8211; just as they did on marathon day &#8211; hopefully realising that it&#8217;s precisely because they&#8217;re supporting me every step of the way I&#8217;m able to eat up the miles so easily.</p>
<p>Boy, am I looking forward to a post-race stout!</p>
<p>Thank you all for your continued support.
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		<title>A quick word&#8230;..</title>
		<link>http://www.mymanagementaccountant.co.uk/2011/09/22/a-quick-word/</link>
		<comments>http://www.mymanagementaccountant.co.uk/2011/09/22/a-quick-word/#comments</comments>
		<pubDate>Thu, 22 Sep 2011 16:43:39 +0000</pubDate>
		<dc:creator>Martin Bown</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Social Media]]></category>

		<guid isPermaLink="false">http://www.mymanagementaccountant.co.uk/?p=364</guid>
		<description><![CDATA[&#8230;.before I head into the unknown. Yes, I know my chemo doesn&#8217;t start until Monday, but I wanted to post this update during the working week.  It&#8217;s when most of the people I want to read this are online. The &#8230; <a href="http://www.mymanagementaccountant.co.uk/2011/09/22/a-quick-word/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>&#8230;.before I head into the unknown.</p>
<p>Yes, I know my chemo doesn&#8217;t start until Monday, but I wanted to post this update during the working week.  It&#8217;s when most of the people I want to read this are online.</p>
<p>The support and encouragement I&#8217;ve received, both before and since I published the previous blog, has been overwhelming.</p>
<p>I&#8217;ve had fantastic support from clients, and prospective clients alike.  2012 is shaping up to be a busy, and productive year for all of us.  I can&#8217;t wait for it to start!</p>
<p>I&#8217;ve always believed in being a collaborator with, rather than competitor to, other accountants.  From the offers of help I&#8217;ve had, it seems others share my way of thinking.  The same goes for other businesses &#8211; I will not forget the gesture, regardless of whether I do or don&#8217;t accept the offers.</p>
<p>My twitter time line has been on fire!  Whether from the charity sector, business community or the fantastic twitter running club.  All 140 character messages are greatly received.  And it&#8217;s been nice to finally speak to some of you this week!</p>
<p>And of course, the support I&#8217;ve received from my family and friends &#8211; local, national and international &#8211; has been as it always is, and that just makes me <img src='http://www.mymanagementaccountant.co.uk/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /> </p>
<p>I am in no doubt that when I start my treatment on Monday there will be plenty of people willing me on.  Together, we&#8217;ll kick this cancer in the balls.  Pun intended.
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		<title>Finishing the marathon was just the start&#8230;..</title>
		<link>http://www.mymanagementaccountant.co.uk/2011/09/19/finishing-the-marathon-was-just-the-start/</link>
		<comments>http://www.mymanagementaccountant.co.uk/2011/09/19/finishing-the-marathon-was-just-the-start/#comments</comments>
		<pubDate>Mon, 19 Sep 2011 16:10:47 +0000</pubDate>
		<dc:creator>Martin Bown</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Social Media]]></category>

		<guid isPermaLink="false">http://www.mymanagementaccountant.co.uk/?p=349</guid>
		<description><![CDATA[As most of you know, earlier this year I completed one of my ambitions by finishing the London Marathon. I knew at the time what &#8220;made the marathon&#8221; was the training.   The training was the true challenge.  The 5am &#8230; <a href="http://www.mymanagementaccountant.co.uk/2011/09/19/finishing-the-marathon-was-just-the-start/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>As most of you know, earlier this year I completed one of my ambitions by finishing the London Marathon.</p>
<p>I knew at the time what &#8220;made the marathon&#8221; was the training.   The training was the  true challenge.  The 5am starts, the sub-zero temperatures, the alsatians &amp; barb wire and the resulting trip to A&amp;E!  It was those long solitary runs which put a smile on face, and if I&#8217;m honest, a little tear in my eye as I waited in the starting pens on that April morning.</p>
<p>However, on the day itself knowing I had so many supporters &#8211; sponsors, the twitter running family, that woman on the Embankment that gave me her banana &#8211; giving up was something that just didn&#8217;t occur to me.</p>
<p>Of course, like all the other runners I had aches &amp; pains, but they were instantly forgotten when I reached Buckingham Palace, turned the corner and saw the finish line.  A photographer captured that moment perfectly, and it&#8217;s that photo that sits on my bedside table reminding me of what I can achieve when I my mind and body face a challenge.</p>
<p>And for the best part of the last six months I believed that was it.  Job done, earned the medal, raised some money, next challenge please&#8230;&#8230;..</p>
<p>Well, now I really understand the true value that marathon success has given me.</p>
<p>You see, a few weeks ago I found a &#8220;lump&#8221;, and making a very long story short which ignores ultrasound, consultation, surgery, further scans and multiple blood tests, in a few days time I start nine weeks of chemotherapy.</p>
<p>The positive news is there&#8217;s a 90% cure rate after treatment.</p>
<p>The analogy is simple.  I don&#8217;t need to spell it out.</p>
<p>I want to thank those of you who already knew this &#8220;news&#8221;.  Family, friends, clients, business associates, and twitter friends.  Your discretion, advice, support &amp; friendship over the last few weeks has been a great help to me and my family.</p>
<p>If you didn&#8217;t already know it&#8217;s simply because the opportunity hadn&#8217;t arisen for me to tell you.  Now is the right time to share this with all of my good friends.</p>
<p>I have big plans for 2012, both personally and for My Management Accountant.  I know I don&#8217;t have to ask for your support over the next few weeks to help make sure I put those plans into place.</p>
<p>I just need to remember to take the photo to hospital with me.</p>
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		<title>Taking care of the carers</title>
		<link>http://www.mymanagementaccountant.co.uk/2011/09/06/taking-care-of-the-carers/</link>
		<comments>http://www.mymanagementaccountant.co.uk/2011/09/06/taking-care-of-the-carers/#comments</comments>
		<pubDate>Tue, 06 Sep 2011 14:42:07 +0000</pubDate>
		<dc:creator>Martin Bown</dc:creator>
				<category><![CDATA[Guest blog]]></category>
		<category><![CDATA[HR]]></category>

		<guid isPermaLink="false">http://www.mymanagementaccountant.co.uk/?p=341</guid>
		<description><![CDATA[This is a guest blog article written by Julie Sykes, MD of JCS HR Consulting.  If you&#8217;d like specific advice on the topic, Julie and her team can be contacted on 01484 602708, via info@jcs-hr.co.uk or at their website www.jcs-hr.co.uk. &#8230; <a href="http://www.mymanagementaccountant.co.uk/2011/09/06/taking-care-of-the-carers/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<h3><span style="color: #0000ff;"><strong><strong>This  is a guest blog article written by Julie Sykes, MD of JCS HR Consulting.  If you&#8217;d like specific advice on the topic, Julie and her  team can be contacted on 01484 602708, via info@jcs-hr.co.uk or at  their website <a href="http://www.jcs-hr.co.uk/index.php">www.jcs-hr.co.uk</a>.</strong></strong></span></h3>
<p><strong>Taking care of the carers</strong></p>
<p>Employers can support their businesses by helping staff with extra caring responsibilities outside work.</p>
<p>Supporting employees caring for disabled children or elderly relatives might not seem the highest priority in difficult times. But employers have a legal obligation to do this, and cuts in local authority finances are likely to make it harder – and more time consuming – for parents of children with special needs, for example, to get the right level of support. Ensuring that your staff are aware of the help available to them could result in less employee work time being lost as a result, as well as improved staff loyalty.</p>
<p><strong>Obligations</strong></p>
<p>Under the Employment Rights Act 1996, employees who have been with their employer for more than six months have the right to request flexible working if they have caring obligations for dependants, such as disabled children under 18, or elderly relatives. Although employers are not required to grant such a request, they must:</p>
<ul>
<li>give it genuine consideration</li>
</ul>
<ul>
<li>call a meeting to discuss it, if they are unable to      simply agree to it</li>
</ul>
<ul>
<li>have a real business reason if they have to turn the request down</li>
</ul>
<p>Failing to do so could lead to a tribunal claim. The other risk faced by employers is a claim under the Equality Act if they discriminate against an employee because one of their dependants has a disability (or indeed any other aspect protected by the Act)</p>
<p><strong>Going the extra mile</strong></p>
<p>Caring for a disabled child or relative places a lot of strain on employees, taking up a lot of their time and almost all of their emotional energy. This inevitably has an impact on their work not to mention their work-life balance. Understanding your obligations in this area is one thing, but if you are able to better understand the issues being faced, and to offer some practical advice or possible solutions you are likely to reduce the potential burden on your business and improve employee contribution and loyalty.</p>
<p>Independent support could significantly reduce the amount of work hours spent, or time off taken off, by employees to deal with all the issues of trying to ensure that their children or relatives get the support they need.</p>
<p>It makes good business sense &#8211; as well as demonstrating the kind of approach that employees are increasingly seeking from their employers – to be in a position to offer advice on sources of support. Employers with staff going through this process can get advice and support from charities such as Independent Parental Special Educational Advice and the National Autistic Society. Age UK can be helpful for carers of elderly relatives.</p>
<p><span style="color: #0000ff;">Julie&#8217;s article highlights some really important topics, both with regards to obligations as well as to additional help an employer can give to an employee in this siutation.<br />
</span></p>
<p><span style="color: #0000ff;">Doesn&#8217;t it make sense to go that extra mile and help employees, both to make sure their needs are looked after and to ensure your business doesn&#8217;t suffer?</span>
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		<title>&#8220;Ghost&#8221; plumbers arrested by HMRC</title>
		<link>http://www.mymanagementaccountant.co.uk/2011/08/16/ghost-plumbers-arrested-by-hmrc/</link>
		<comments>http://www.mymanagementaccountant.co.uk/2011/08/16/ghost-plumbers-arrested-by-hmrc/#comments</comments>
		<pubDate>Tue, 16 Aug 2011 11:45:35 +0000</pubDate>
		<dc:creator>Martin Bown</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.mymanagementaccountant.co.uk/?p=337</guid>
		<description><![CDATA[It&#8217;s been announced today by HM Revenue &#38; Customs that 5 plumbers have been arrested, and 600 more are being investigated for suspected tax fraud.  More raids and arrests are expected over coming weeks. These individuals have been described as &#8230; <a href="http://www.mymanagementaccountant.co.uk/2011/08/16/ghost-plumbers-arrested-by-hmrc/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>It&#8217;s been <span style="color: #0000ff;"><strong><a href="http://nds.coi.gov.uk/clientmicrosite/Content/Detail.aspx?ClientId=257&amp;NewsAreaId=2&amp;ReleaseID=420817&amp;SubjectId=36">announced</a></strong></span> today by HM Revenue &amp; Customs that 5 plumbers have been arrested, and 600 more are being investigated for suspected tax fraud.  More raids and arrests are expected over coming weeks.</p>
<p>These individuals have been described as &#8220;ghosts&#8221; &#8211; people who have not declared income for the work they do &#8211; by HMRC.</p>
<p>Earlier this year it was my <span style="color: #0000ff;"><strong><a href="http://www.mymanagementaccountant.co.uk/2011/03/03/plumbers-in-the-sights-of-the-taxman/">opinion</a></strong></span> that &#8220;plumbers&#8221; were just the start for HMRC.  My opinion hasn&#8217;t changed, and I believe all trades people &#8211; electricians, plasterers, joiners, builders, general construction workers &#8211; will soon be targeted by HMRC under similar initiatives.</p>
<p>My advice also remains the same.</p>
<p>If applicable, bring your financial records up to date as soon as possible, declare all income as soon as possible and make sure you contact HMRC before they contact you.</p>
<p>If you have any concerns at all please contact us<strong> <a href="http://www.mymanagementaccountant.co.uk/contact-us/"><span style="color: #0000ff;">here</span></a></strong>.
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		<title>Announcement:  We&#8217;re now Xero Certified Partners</title>
		<link>http://www.mymanagementaccountant.co.uk/2011/05/04/announcement-were-now-xero-certified-partners/</link>
		<comments>http://www.mymanagementaccountant.co.uk/2011/05/04/announcement-were-now-xero-certified-partners/#comments</comments>
		<pubDate>Wed, 04 May 2011 22:21:04 +0000</pubDate>
		<dc:creator>Martin Bown</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Management information]]></category>
		<category><![CDATA[Software]]></category>
		<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Management Information]]></category>
		<category><![CDATA[Small Business]]></category>

		<guid isPermaLink="false">http://www.mymanagementaccountant.co.uk/?p=314</guid>
		<description><![CDATA[As you know, we like Xero, the online accounting system that is easy to use.  In fact, we like it so much we already have our own page dedicated to Xero. Inbetween the recent long bank holiday weekends, Martin Bown, &#8230; <a href="http://www.mymanagementaccountant.co.uk/2011/05/04/announcement-were-now-xero-certified-partners/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>As you know, we like <strong><span style="color: #0000ff;"><a href="http://www.xero.com/">Xero</a></span></strong>, the online accounting system that is easy to use.  In fact, we like it so much we already have our own <span style="color: #0000ff;"><strong><a href="http://www.mymanagementaccountant.co.uk/xero/">page</a></strong> </span>dedicated to Xero.</p>
<p>Inbetween the recent long bank holiday weekends, Martin Bown, owner of Management Accounting Services, sat the Xero Certified Partners exam.</p>
<p>Achieving a pass mark of 96%, we&#8217;re pleased to announce that he passed with flying colours!</p>
<p>What does this mean to you?</p>
<p>Well, we&#8217;re now formally qualified to tell you how great Xero is, and explain how it can help you and your business!</p>
<p>Would you like to discover more?  Please <strong><span style="color: #0000ff;"><a href="http://www.mymanagementaccountant.co.uk/contact-us/">contact us</a></span></strong> to hear our thoughts on the benefits Xero can deliver to you and your business.
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		<title>Advertising online</title>
		<link>http://www.mymanagementaccountant.co.uk/2011/03/29/advertising-online/</link>
		<comments>http://www.mymanagementaccountant.co.uk/2011/03/29/advertising-online/#comments</comments>
		<pubDate>Tue, 29 Mar 2011 13:27:05 +0000</pubDate>
		<dc:creator>Martin Bown</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Social Media]]></category>

		<guid isPermaLink="false">http://www.mymanagementaccountant.co.uk/?p=301</guid>
		<description><![CDATA[I&#8217;ve had a number of discussions recently, mainly with existing clients, about the increasing popularity of &#8220;social media&#8221; &#8211; Facebook, Twitter and the like &#8211; and how it will affect their business in the future. My opinion is they need &#8230; <a href="http://www.mymanagementaccountant.co.uk/2011/03/29/advertising-online/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>I&#8217;ve had a number of discussions recently, mainly with existing clients, about the increasing popularity of &#8220;social media&#8221; &#8211; Facebook, Twitter and the like &#8211; and how it will affect their business in the future.</p>
<p>My opinion is they need to embrace it, and regardless of the industry they work in.  I think social media is as relevant to a self employed builder as it is to a retailer.</p>
<p>Here&#8217;s why I think that:</p>
<p>Remember watching TV adverts back in the mid-90&#8242;s, and remember how all the major companies started publishing a strange address beginning with <span style="color: #0000ff;"><em><strong>&#8220;www.&#8221;</strong></em></span> where more information about the product or service could be found?</p>
<p>How quaint!  And how strange, now we know the internet has become the natural first choice for almost everybody to research an individual, business, product or service.</p>
<p>Whilst I&#8217;m not a social media &#8220;expert&#8221; I do foresee that sometime very soon customers will expect to research and buy services via social media sites such as Facebook and Twitter (just as they use Google now)</p>
<p>The recent BBC News <strong><a href="http://www.bbc.co.uk/news/business-12887689">article</a></strong> about increased advertising on Facebook only adds support to my argument.</p>
<p>Be warned, even if you think there&#8217;s no need for your business to start using social media, not all of your competitors will be the same.</p>
<p>If you haven&#8217;t already, don&#8217;t you think it&#8217;s time you thought about how social media could help your business grow?
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		<title>Plumbers &#8211; in the sights of the taxman</title>
		<link>http://www.mymanagementaccountant.co.uk/2011/03/03/plumbers-in-the-sights-of-the-taxman/</link>
		<comments>http://www.mymanagementaccountant.co.uk/2011/03/03/plumbers-in-the-sights-of-the-taxman/#comments</comments>
		<pubDate>Thu, 03 Mar 2011 16:38:19 +0000</pubDate>
		<dc:creator>Martin Bown</dc:creator>
				<category><![CDATA[Construction]]></category>
		<category><![CDATA[Management information]]></category>
		<category><![CDATA[HMRC]]></category>
		<category><![CDATA[Management Information]]></category>
		<category><![CDATA[Small Business]]></category>

		<guid isPermaLink="false">http://www.mymanagementaccountant.co.uk/?p=288</guid>
		<description><![CDATA[On 1 March, HM Revenue and Customs announced plans to ensure plumbers, gas fitters and heating engineers declare their correct earnings and pay the right amount of tax, by introducing a new scheme called the Plumbing Tax Safe Plan (PTSP). &#8230; <a href="http://www.mymanagementaccountant.co.uk/2011/03/03/plumbers-in-the-sights-of-the-taxman/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>On 1 March, HM Revenue and Customs <strong><span style="color: #0000ff;"><a href="http://nds.coi.gov.uk/clientmicrosite/Content/Detail.aspx?ClientId=257&amp;NewsAreaId=2&amp;ReleaseID=418319&amp;SubjectId=36">announced</a></span> </strong>plans to ensure plumbers, gas fitters and heating engineers declare their correct earnings and pay the right amount of tax, by introducing a new scheme called the Plumbing Tax Safe Plan (PTSP).</p>
<p>I think the interesting phrase in the opening line of the announcement is &#8220;<span style="color: #0000ff;"><strong><em>..a clampdown on tradespeople&#8230;</em></strong>.</span>&#8221;</p>
<p>So whilst, HMRC may be initially targeting the plumbing trade I&#8217;d expect to see similar schemes put in place for electricians, joiners, plasterers, painters&#8230;.. in short a clampdown across all trades within the construction industry.</p>
<p>Plumbers have until 31 May to notify HMRC that they intend to make a disclosure about additional earnings &amp; tax.</p>
<p>My advice, to all trades in the construction industry is make sure you bring your financial records up to date and disclose the correct amount of earnings, now.</p>
<p>Isn&#8217;t it better, in the words of HMRC themselves, <span style="color: #0000ff;"><strong><em>for you to contact them before they contact you?</em></strong></span></p>
<p>We&#8217;re happy to give you advice on how to make sure you contact HMRC before they contact you.</p>
<p>Contact us <span style="color: #0000ff;"><strong><a href="http://www.mymanagementaccountant.co.uk/contact-us/">here</a></strong></span>, if you&#8217;re current advisor hasn&#8217;t already explained how this could affect you.
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