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National Minimum Wage and National Living Wage Changes

The National Minimum Wage and National Living Wage rates are changing from the 1st April 2017. Please review your employees pay and ensure they are receiving the correct wage. Year 25 and over 21 to 24 18 to 20 Under 18 Apprentice (*) April 2017 £7.50 £7.05 £5.60 £4.05 £3.50 October 2016 (current rate) £7.20 £6.95[…] Read more »

Flat Rate Scheme Changes

As you may know, HMRC are introducing a new Flat Rate percentage of 16.5%. Businesses which are classed as “Limited Cost Businesses” will be eligible for this new percentage. A Limited Cost Business is a business whose cost of goods is below 2% of their turnover, or below £1,000 per year. If for example your[…] Read more »

Today is the first day of the rest of our lives…

Back on the 24th of June (the day that the EU Referendum result was announced) I wrote a piece on our website about how the wheels of industry will continue to turn, that there may be changes in speed but that they will keep turning. It would seem so far that this has proved correct.[…] Read more »

The Fourth Industrial Revolution

The World Economic Forum published a report recently called The Future of Jobs. They found that: “The Fourth Industrial Revolution, which includes developments in previously disjointed fields such as artificial intelligence and machine-learning, robotics, nanotechnology, 3-D printing, and genetics and biotechnology, will cause widespread disruption not only to business models but also to labour markets[…] Read more »

Converting to Xero has never been easier

For a limited time only Xero have agreed to pay the cost to convert from Sage or QuickBooks onto its cloud based accounting platform. The move will be done using the Movemybooks online software. After an initial 10 minutes spent inputting some data the transition can take place in around 2 hours. Movemybooks like to[…] Read more »

Self-Assessment Deadline Looms

By midnight on the 31st January 2016 10.39 million self assessment tax returns had been submitted to HMRC (and a fair few of them from our office!), with 4.45 million of these submitted in January alone, out of a total 11.26 million expected to be submitted. You don’t need to be an accountant to work[…] Read more »

The World’s Most Prestigious Business Plan Competition

Here at Pomegranate Consulting we have always believed that the entrepreneurial spirit in the North West is key to the success of the region; and we want to play our part. We try to be involved in all stages of the entrepreneur’s journey and we have seen the results of our impact first hand through[…] Read more »

New Chief Executive Required

It has been announced that Sir Howard Bernstein will retire in the spring of 2017 after what will have been 19 years in the top job at Manchester City Council. A special meeting of the councils Personnel Committee will soon begin the recruitment process for the City’s next Chief Exec. Sir Howard has overseen dramatic[…] Read more »

The Importance of Trusted Advisers…

This week we have all been reminded of the importance of using trusted advisers within the professional services industry. An accountant from Levenshulme, Manchester has just been jailed for 43 months after making £285 000 from fraudulent tax returns. Amjad Ali created online Self-Assessment Income tax returns using some of his clients’ details to add[…] Read more »

Pomegranate breakfasting with Virgin Atlantic

Pomegranate Consulting’s Director, Ansar Mahmood, attended a breakfast event at Cloud 23 in the Hilton Hotel to hear a speech by Virgin Atlantic CEO Craig Kreeger. Before taking questions Mr Kreeger spoke candidly about Virgin Atlantic’s plans for Manchester and about the challenges and opportunities facing the airline industry as a whole. The event, organised[…] Read more »

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