Today's extensive global IT failure, triggered by a Microsoft software upgrade, is currently affecting numerous sectors in the UK: incl the London Stock Exchange, news channels, supply chains, travel & healthcare. Let's talk disaster recovery planning, what have you got in place?

Personal Tax due for payment 31st July The amount due on 31 July is an estimate based on your earnings from 2022/23 tax year The 2nd payment on account should be 50% of your previous year’s tax bill You've until midnight to pay, but we'd suggest getting in early to avoid problems

Imagine this - you receive an email from what looks like a reputable company that's offering to assess your GDPR compliance risk and promises a significant corporation tax refund. Don’t rush to respond. Verify their credentials & cross-check their claims with official sources.

Need a New Digital Enterprise grant? Tips for Application: • Show how your project meets the grant’s goals • Provide a budget that outlines project costs & funding sources • Explain expected benefits of project ie increased sales • Incl quotes, plans & other supporting docs

Advisory Electric Rate HMRC Change Adjustments in AER are made to align with current electricity costs & usage patterns. It ensures that reimbursement remains fair & reflective of actual expenses incurred. Make sure you inform all affected employees of the new rate.

2nd Personal Tax due 31 July - Manage Your Tax Payments 1. Use calendar alerts or reminder apps to ensure you don’t miss deadlines 2. Plan ahead for these payments throughout the year to avoid cash flow issues 3. Talk to TLC Tax Advisers & Accountants about tax liabilities

HMRC change to Advisory Electric Rate For Tripcatcher users (tracking & reimbursing business travel) Update with new rate. 1. Log in to your admin account 2. Click on user / Settings / Vehicle & Rate Card section 3. Update the rate card to reflect the new AER of 8p per mile

HMRC Change to AER For details on advisory fuel rates, incl updates & guidelines visit the official HMRC page: Advisory Fuel Rates - https://t.co/ai3QEpnOj2. TLC will also keep you informed about the UK tax changes you need to know for your business. Talk to TLC Tax Advisers

New Digital Enterprise grants @DigiEntLEP to: • Assist in establishing / improving SME online presence • Implement digital solutions to enhance customer service & engagement • Acquire new IT equipment & software to improve business operations & efficiency

Personal Tax is due 31st July, but wait, what if Your Earnings Have Changed? If your income has decreased significantly compared to the previous tax year, you can apply to reduce your payments on account. Complete form SA303 online through your HMRC account or by post.

But what are the Real-World Consequences of getting caught up in a scam? Financial Loss - Payments made to scammers are usually irrecoverable. Data Compromise - Sharing sensitive information can lead to data breaches & further exploitation. Regulatory Issues - Lead to real fines.

Important Update - AER HMRC Change The rate has changed from 9p to 8p • Previous Calculation: 100 business miles at 9 p per mile = £9.00 • New Calculation: 100 business miles at 8 p per mile = £8.00 This change reduces reimbursement, which may impact employees.

Personal Tax 31st July - Ways to Pay Pay your tax bill • Direct Debit, set up a DDM through your HMRC online account • Bank Transfer, use your bank’s online or telephone banking services • Debit or Credit Card, pay online via HMRC’s website • Send a cheque (still an option)

Red Flags to Watch Out For regarding the latest GDPR Scam 🚩 🚩 Unexpected emails or calls offering GDPR compliance services or tax refund schemes 🚩 High-pressure tactics to make quick decisions 🚩Inability to provide verifiable credentials, or business address

Personal Tax - 3 Dates you Need to Know & Why • 31st Jan 2024: 1st payment on account for 2023/24 tax year • 31st July 2024: 2nd payment on account for 2023/24 tax year • 31st Jan 2025: Balancing payment for 2023/24 tax year and 1st payment on account for 2024/25 tax year

New Digital Enterprise grants @DigiEntLEP Qualify by meeting criteria: • Located within West Yorkshire • 5-100 FTE employees • Growth focused The Digital Enterprise grant is a new initiative designed to support UK businesses in enhancing their digital capabilities.

Personal Tax 31 July, Avoid Penalties • Make payments a few days in advance to allow for processing times, especially bank transfers & postal cheques • Ensure payment is received by HMRC by the deadline Talk to TLC Tax Advisers and Accountants about our services

Many small & medium-sized enterprises in the UK are falling victim to a new scam involving false promises of GDPR compliance checks & substantial corporation tax refunds. It's a con & it's preying on the fears of hefty fines & data breaches associated with GDPR non-compliance.

Digital Enterprise Grant - projects that may qualify: Website Development Creating or enhancing a business website E-commerce Platforms Developing online sales platforms to reach more customers Digital Marketing Investing in SEO, social media marketing & online advertising

New Digital Enterprise grants @DigiEntLEP To help boost your business, Digital Enterprise is offering a digital grant for projects worth between £2,000 - £25,000. This could go towards getting your business online, improve customer service, or purchase new IT equipment.