Practical advice on growing your law firm, from Travelers and other expert suppliers to law firms. Watch this new site grow.

In marketing, like anything, you need to get the basics right. Otherwise the time and money you invest in marketing will be wasted

How to approach winning new clients, making the most of existing relationships, encouraging referrals and generating new leads

How to approach creating a law firm website that works, from agreeing your objectives to making sure you get the results you want

Why lawyers need to know about social media, how to make the most of the opportunities and how to avoid potential pitfalls

How to use PR to build your firm’s reputation; and how to create cost-effective advertising – traditional and online – that delivers results

How to protect your law firm from cyber attacks. What steps to take if your systems are hacked

How to set up your firm’s systems to provide the information that enables you to improve profitability and cashflow.

This is a new section and only covers GDPR at the moment. More articles will follow.

So far this section covers six key topics: succession, specialisation, mergers, selling a law firm, recruitment and talent retention, and business structure.

Hammond urged to rethink Making Tax Digital

24 March 2017

Hammond urged to rethink Making Tax DigitalMembers of a leading business group are calling on Chancellor of the Exchequer Philip Hammond to rethink plans for Making Tax Digital.

The UK200Group of independent accountants and lawyers has warned that the backlash against Making Tax Digital (MTD) could be just as great as the recent outcry over the rise in National Insurance Contributions (NICs) for the self-employed - announced in the Budget and then dropped a week later.

Francis Whitbread, partner at UK200Group member firm Edmund Carr, said, "The Chancellor's u-turn on the proposed increase in National Insurance Contributions for the self-employed suggests that those advisers, civil service mandarins, or whoever suggested the policy to Mr Hammond in the first place, have no idea of what goes on in the real world of SMEs."

Whitbread added: "I have a nasty suspicion this is not the only case of Mr Hammond being misinformed. I wrote to the Chancellor before Christmas setting out a number of concerns about Making Tax Digital (MTD). I received a reply on his behalf from HMRC assuring me my fears were groundless. In the recently published consultation on MTD the concerns expressed by the accountancy profession over a number of areas were similarly ignored."

Whitbread had this advice for Philip Hammond: "If you want to avoid another embarrassment with MTD similar to the one you have just had over national insurance for the self-employed, consult with the people who really know, my fellow accountants and tax advisers, before it is too late."

Andrew Jackson, chair of the UK200Group Tax Panel and head of tax at Fiander Tovell, said: "The proposed NI changes would cost each self-employed person a few hundred pounds; HMRC's estimates are that MTD will cost each business £280, but this is clearly an underestimate. It would be a great shame if businesses are spared a hike in NI, only to have a more costly MTD burden foisted on them."

The UK200Group represents chartered accountants and lawyers who together work with over 150,000 SME clients, including charities, construction firms and healthcare businesses.

News type:

Stay up-to-date with business advice and news

Sign up to this lively and colourful newsletter for new and more established small businesses.