Fake antivirus: Tech support scams are commonplace. The sole purpose of a fake antivirus pop-up is to encourage the downloading of software, which is designed to infect computers with malware rather than provide the protection it claims to be offering.
Government agency impersonation: This form of phishing is often used to target businesses and involves a fraudster impersonating a government agency to gain valuable information such as company bank details.
Ransomware: There have been some high-profile ransomware scams. Any holes in a company’s IT firewall will put the business at risk of being targeted by a criminal, who demands money in exchange for decrypting the hijacked data files.
From 6 April 2020, new zero emission models will pay no company car tax in 2020-21, 1% in 2021-22 and then 2% rate in 2022-23. The current benefit in kind rate of 16% of the list price for zero emission cars remains in place until 5 April 2020 – so expect a rush on electric […]
Service provider scam: Continuity of service is always important to the smooth running of a business, so a threat to cancel or withhold supplies can often provoke an urgent response. Scammers assume the identity of a service provider and threaten a business with consequences if they don’t pay immediately.
HMRC have reminded businesses that a website that will directly generate sales, subscriptions, advertising or other income will normally be regarded as creating an enduring asset. Consideration should therefore be given to treating the costs of developing, designing and publishing the website as capital expenditure.
Facebook has moved into the cryptocurrency market with plans to launch Libra, a new global currency powered by blockchain technology. This will be available as a payment method on WhatsApp and Messenger. No matter how much you avoid social media, your customers are very likely to want to use Libra at some point in the […]
Government and various agencies are coming up with a package of measures which will introduce fines when big businesses pay small businesses late. It is likely there will be a 60 day payment term.
Nice recent article in the Guardian suggesting we should all get outdoors regularly. For those that don’t know our back story, Green Accountancy was indeed founded to bring environmental matters to small businesses, which in turn was inspired by outdoor hobbies.
From 1 October 2019 new VAT rules will require certain business to business supplies within the construction industry to have reverse charge VAT applied. This means the supplier will not charge VAT but instead the recipient of the supply will charge themselves VAT. This already happens in many business-to-business supplies of services from the UK […]