Barnett & Turner Accountants Ltd | Latest News
Chartered Accountants & Chartered Tax Advisers based in Mansfield, Nottinghamshire
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02 Aug It’s just a student loan, right?

In fact, there are two types of undergraduate loan, explains Natalie Goodall, payroll manager at Barnett & Turner. And from 2019, postgraduates may be paying back debts of their own. It’s potentially a recipe for confusion. Most of us are familiar with the basic idea of student loans. You borrow money at the outset of your degree course and start repaying it when you’re working, once your income exceeds a certain level. The outstanding sum will get written off eventually if it’s not repaid within 30 years. The system up until now has been relatively straightforward for employers on the administrative side,...

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26 Jul WHAT’S DRIVING CHANGE IN THE WORLD OF COMPANY CARS?

Company cars are only going to make financial sense in the coming years if they’re very low or zero-rated on CO2 emissions, writes Tracy Henson of Barnett & Turner. Personal car allowances and personal contract hire may be the way forward. It’s true to say that the company car was a nice perk in the past, but as benefit calculations have become more and more aggressive over time, its attractiveness started to wane. Regardless of the amount you actually pay, it’s the new vehicle list price, inclusive of optional extras, that is important for tax purposes.  In addition, the CO2 emissions, fuel...

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19 Jul Avoiding costly mistakes in social media

What are the most common mistakes businesses make on social media? Web specialist CHLOE WILSON (via Barnett and Turner Accountants) explores the pitfalls that can hold you back when promoting your company on LinkedIn, Facebook and other platforms. Although more and more businesses have embraced social media as a way of communicating with customers and promoting their products, it’s possible to fall into a number of traps. Here are five of the most common errors that you can potentially make: YOU SPREAD YOUR EFFORT TOO THINLY It’s a mistake to take on too many social media platforms at once, as it can quickly feel...

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12 Jul Linking price to value

How much do your customers value what your business has to offer? Jono Wilson of Mansfield-based accountancy firm Barnett & Turner talks us through the process of pricing. Putting a price on what you sell can be one of the biggest challenges for any business. It’s not only going to play a critical role in your marketing strategy, but also potentially determine the viability and profitability of your company. The first thing to establish is whether your product or service is considered a commodity. If it’s, say, a mobile phone or even a driving lesson, the band in which you’re operating is...

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05 Jul The key to social media success

Social media is playing an increasingly important role for many small businesses. But it’s a confusing world out there! Web specialist CHLOE WILSON via Barnett & Turner offers five top tips for making the most of the new technology. Many companies plunge into the world of social media because they know it’s something they should be doing. But how many of them stop to reflect and plan? By observing these five simple rules, you can make sure that your online presence is stronger and more visible than ever before: ESTABLISH GOALS Ask yourself what each of your social media accounts is actually for....

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28 Jun Three marketing challenges for the year ahead

We still have a lot of opportunities in front of us in 2016, writes Jonathan Wilson of Barnett & Turner, but you’ll only take advantage of them if you adopt the right approach to your marketing. With the economy still in difficulty and the age-old mantra of ‘the marketing budget being under pressure’, businesses need to make their spending work as hard as ever. It’s only possible to make that money go further if you’re prepared to revisit and challenge existing strategies and develop creative and cost-effective new ones. Here are three approaches to consider during the remainder of 2016: ADVOCATE MARKETING Whether...

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21 Jun Financial data that’s right up to date

More and more accountancy professionals are encouraging their clients to use the cloud-based platform Xero. Peter Woodward of Barnett & Turner outlines exactly what it is the technology can offer. Xero’s cloud-based accounting software not only allows for multi-user access from anywhere, but it also creates the opportunity for banks to provide direct daily feeds. Alongside the intuitive reconciliation process, businesses really do have a tool which can now produce up-to-date financial data at the touch of a button. No wonder that Xero is increasingly recommended by so many accountants. An added advantage to the platform is that it’s led to much greater...

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14 Jun Ten tips for keeping your business safe online

The government has identified ‘Ten Steps to Cyber Security’, which are essential for any business looking to protect itself online. Jono Wilson of Barnett & Turner Chartered Accountants talks us through the suggestions. There are plenty of simple and straightforward steps that companies can take to keep themselves safe in the digital world. As accompaniment to the support offered in their Cyber Essentials programme, the Government advises you to take action in the following key areas: Network Security It’s important to be aware of what’s on your network and to see that your hardware and software are properly configured. Make sure you act...

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07 Jun Protecting data day to day

Data security is often in the news at the moment, but not all businesses have taken the steps they need to protect themselves says Jono Wilson of Barnett & Turner Accountants Ltd. Hardly a week goes by without reports of businesses being hacked by criminals or negligence leading to data breaches. It’s easy to think that your own company won’t be affected, but the truth is that we’re all potentially vulnerable – particularly with the huge changes in technology we’ve seen in recent years. More and more devices are now connected to the web, for instance. This allows us incredible flexibility in...

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31 May The green way to cost savings

If you thought recycling was just about saving the planet, you may be in for a surprise. It also has the potential to influence the bottom line writes Jonathan Wilson of Barnett & Turner Accountants Ltd. Most of us are used to doing our bit for the environment at home. We’ll happily separate recycling from other rubbish and increasingly take our own bags to the supermarket.  Small steps, but ones that make us feel we’re achieving something positive at a time when climate change and the environment have a higher profile than ever. It’s easy to overlook environmental initiatives in the workplace,...

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