Technology and IT News

We act for a large number of technology and IT businesses of all types and size
Tax Rates 2020/21

Tax Rates 2020/21

Introduction We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax rates As...

Hawsons are here to help COVID-19

Hawsons are here to help COVID-19

During this difficult time Hawsons are here to help and support their clients as best they can. The Government has announced new measures to help businesses through this difficult time. The first being the tax helpline to support businesses affected by coronavirus. If...

Bank of England Update for Businesses and Households

Bank of England Update for Businesses and Households

During this difficult time for businesses and households the Bank of England have put together a list of sites where you can find the latest updates from the Government. The following has been circulated by the bank of England: We’re mindful that many businesses and...

Benefits of using Cloud Accounting

Benefits of using Cloud Accounting

Benefits of using Cloud Accounting A large amount of small businesses (46%) understand that using technology such as cloud accounting can boost their productivity and 50% said it would improve staff efficiency and 43% said it would help up-skill staff. Yet only 45% of...

Hawsons makes history after 165 years in business

Hawsons Chartered Accountants is 165 years old  Hawsons Chartered Accountants was founded in the city of Sheffield in 1854 – more than 25 years before the creation of the Institute of Chartered Accountants in England and Wales – by Alfred Allott and John Hewett....

The Election Result: What are the tax implications?

The Election Result: What are the tax implications?

Tax implications of the Election Result The general election has ended and the Conservatives have secured a large majority winning 365 seats. What does this mean for tax?  How will the election result affect you or your business? Tax expert Craig Walker provides a...

Are your users aware of the risk of Business Email Compromise?

Are your users aware of the risk of Business Email Compromise?

Business email compromise cyber-attacks are very low tech which means they are common and you need to be aware of them. The attacker will be using social engineering more than hacking itself. The way it works is the cyber-criminal will spoof or even gain access to a...

Tax Rates 2018/2019

Tax Rates 2018/2019

Introduction We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used.   The cost of...

Employing the Millennial generation

Employing the Millennial generation

Employing the Millennial generation  They appear to be gaining a notorious reputation for being flighty, demanding and difficult in the workplace. How accurate is this reputation of the millennial, and how do employers retain this “problem” generation? Millennials...

What businesses need to know about the new GDPR

What businesses need to know about the new GDPR

What businesses need to know about new GDPR The General Data Protection Regulation (GDPR) is set to come into force from May 2018. It will replace the current Data Protection Act and is the biggest overhaul of data protection legislation for over 25 years. GDPR will...

Input Tax – Beware of the pitfalls!

Input Tax – Beware of the pitfalls!

VAT expert Tony Nickson outlines the pitfalls to avoid when reclaiming input VAT. 1. Reclaims for purchases made before VAT registration It is important to ensure that the maximum amount of input VAT is reclaimed on your business expenditure. This includes input tax...

R&D tax incentives – don’t miss out!

R&D tax incentives – don’t miss out!

R&D tax incentives - don't miss out! Research and Development (R&D) tax incentives can provide additional tax deductions and enhanced cash flow for companies that develop new products, processes or services. Although widely available, many companies wrongly...

What charities need to know about the new GDPR

What charities need to know about the new GDPR

What charities need to know about the new GDPR The General Data Protection Regulation (GDPR) is set to come into force from in May 2018. It will replace the current Data Protection Act and is the biggest overhaul of data protection legislation for over 25 years. GDPR...

The Election result: What are the tax implications?

The Election result: What are the tax implications?

The Election result: What are the tax implications? The general election has ended in a hung parliament – the Conservative party have the most seats but do not have an overall majority. Theresa May has announced that she will form a government with the support of the...

CEO Fraud – Is your organisation at risk and how do you prevent it?

CEO Fraud – Is your organisation at risk and how do you prevent it?

CEO Fraud is nasty and it can ruin both businesses and careers. More than 22,000 organisations across the world have been victims of CEO Fraud with losses estimated at more than £3 billion. In this article, we look at what CEO Fraud is and the techniques that can be...

What your law firm can do in the event of a cyber attack

What your law firm can do in the event of a cyber attack

What your law firm can do in the event of a cyber attack One of the biggest threats to a law firm is undoubtedly a cyber attack. Not only can it disrupt your systems and prevent you from carrying out chargeable work, it is also a reputation killer. If you mention the...

Five ways technology could improve a small business

Five ways technology could improve a small business

Five ways technology could improve a small business  For small businesses, keeping up with all the latest technology can be a difficult task with the speed it moves at. From embracing augmented reality; to making use of 3D printing, we take a look at five ways...

Tax Rates and Allowances 2017/18

Tax Rates and Allowances 2017/18

Tax Rates and Allowances 2017/18 Many of the tax rates and allowances are fundamental to our business and personal lives and the most important ones for the 2017/18 tax year are summarised here. We are sure that you will find it a useful point of reference throughout...

The Autumn Statement 2016 predictions

The Autumn Statement 2016 predictions

The Autumn Statement 2016 predictions  The Autumn Statement 2016 on Wednesday is set to be an important event.  It will be the Chancellor’s first opportunity to outline his plans for taxes & spending in the wake of the Brexit vote. But what tax changes can we...

Brexit and the new EU GDPR rules

Brexit and the new EU GDPR rules

The final text of the new EU General Data Protection Regulation (GDPR) was released in April 2016. Since this deals with the handling of personal data it is likely to apply to almost every law firm as you will hold personal information regarding your clients and staff...

R&D Tax Relief – the perfect time to claim

R&D Tax Relief – the perfect time to claim

R&D Tax Relief - the perfect time to claim  Research and Development (R&D) Tax Relief can provide additional tax deductions and enhanced cash flow for companies that develop new products, processes or services. Although widely available, R&D claims are...

Brexit: tax implications as the UK votes to leave the EU

Brexit: tax implications as the UK votes to leave the EU

Brexit: tax implications as the UK votes to leave the EU From the argument over selling bendy bananas to the threat of an emergency Budget, the EU referendum campaign has undoubtedly had its share of the headlines over the past couple of months. The biggest headline...

£17m funding available for training in the Sheffield City Region

£17m funding available for training in the Sheffield City Region

£17m funding available for training in the Sheffield City Region  Do you know about the new Skills Bank for the Sheffield City Region? The Skills Bank is a government/LEP initiative aimed at workforce training and development in the Sheffield City Region. It is a £17m...

New EU GDPR rules – 12 things you should be doing to prepare

New EU GDPR rules – 12 things you should be doing to prepare

After over four long years of political processes, detailed discussions and business lobbying, the final text of the new EU General Data Protection Regulation (GDPR) rules was released in April 2016. As nearly all businesses and other entities use some form of...

Tax Rates and allowances 2016/17 – summary and details

Tax Rates and allowances 2016/17 – summary and details

Tax Rates and Allowances 2016/17 Many of the tax rates and allowances are fundamental to our business and personal lives and the main ones for the 2016/17 tax year are summarised here. We are sure that you will find it a useful point of reference throughout the coming...

Making R&D claims easier for smaller and medium companies

Making R&D claims easier for smaller and medium companies

Making R&D claims easier for smaller and medium companies  The government views investment in research and development (‘R&D’) as a key to economic success. It is therefore committed to encouraging more smaller and medium sized (‘SME’) companies to claim...

New Advanced Assurance scheme for R&D tax relief claims

New Advanced Assurance scheme for R&D tax relief claims

New Advanced Assurance scheme for R&D tax relief claims  HMRC have introduced a scheme whereby small companies will be able to seek Advance Assurance on whether the research and development (R&D) they are carrying out qualifies for R&D tax relief. The...

Over £11.4bn in R&D tax relief now claimed

Over £11.4bn in R&D tax relief now claimed

£11.4bn in R&D tax relief now claimed - are you missing out? HMRC has now published its most recent R&D tax relief statistics (2013/14), and the picture remains very positive. The statistics show that companies - both SME and multinational alike - are...

Chancellor gives Annual Investment Allowance certainty

Chancellor gives Annual Investment Allowance certainty

The Chancellor announced in the Summer 2015 Budget that the Annual Investment Allowance will be set permanently at £200,000 from 1 January 2016. He has previously said that this would be included in the Autumn Statement, but this earlier announcement provides welcome...

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