Here’s another in our continuing series of ‘reasons for business owners to be cheerful’, based around a seminar session delivered to The FD Centre by respected UK behavioural economist Roger Martin-Fagg.

Necessity. It’s the Mother of Invention, as we know. When the going gets tough, we all know how that phrase ends. But it is an undeniable fact that while innovation in general can happen at more or less any time, it’s when our backs are against the wall that we see these innovations actually put to valuable use.

As the UK emerged from lockdown 3, it was revealed that the amount of cash that the Chancellor of the Exchequer pumped into the economy to keep it functioning had hit new peacetime records. So it’s natural to ask the question: ‘How are we going to pay it back?’ There are fears that taxes will have to rise significantly, with corresponding negative effects on growth. But economic theorists offer an interesting and perhaps more encouraging perspective.

Businesses are built on positivity – a scarce commodity over the past year. If you’ve been struggling to spot the silver linings around the dark clouds of coronavirus, maybe this is a good time to remind ourselves of a few.

Right now we have not one, not two but three vaccines currently approved for use in the UK. At the time of writing, nearly a quarter of the adult population has received both shots,

Back in mid-2020, we were all still getting used to the fact that COVID-19 had pulled the rug from under all our best-laid business plans. We’d come out of our first lockdown, it was summer, the sun was shining (occasionally) and the low numbers in the daily pandemic updates rather massaged our mutual sense of community spirit: keep a stiff upper lip and it should be over by Christmas.

Well, here we are a year later.

Over the past few weeks, there have been questions surrounding BREXIT and the surrounding impact on VAT treatment for businesses importing from and exporting to the EU.

Our guide below outlines the key changes following the 1st January 2021 including:

The changes of importing goods from the EU
The changes to exporting goods to the EU
Supplying Services to the EU
Supplying Digital Services
UK MOSS
VAT Refunds from the EU

FDC_VAT Brexit Guide_Jan 2021

The attached is a summary of changes to VAT following BREXT compiled from gov.uk and the ICAEW. 

If you are looking to grow faster, your current way of doing your budgeting may well be restricting your growth plans way more than you think.

What if there was a much more organic way to think about budgeting? A way that doesn’t restrict and limit your business but enables the creative process and encourages innovation?

The following interview with leading FD, Phil Drury, explains through real world examples why the concept of Beyond Budgeting is such a powerful innovation for the modern day finance function.

To download the update, click on the following link: Lockdown 2 Government Support measures update

If you would like to speak to one of our Senior Financial Directors on future proofing your business and how they can help your business in a range of areas, click here.

The information is constantly being updated in relation to the Government’s funding response to COVID-19. This publication has been written in general terms and may not include all relevant information. 

To download the update, including the full appendix, click on the following link: FDC_Covid 19 Government Business Support Measures 21.07.20

If you would like to speak to one of our Senior Financial Directors on future proofing your business and how they can help your business in a range of areas, click here.

The information is constantly being updated in relation to the Government’s funding response to COVID-19. This publication has been written in general terms and may not include all relevant information.