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    AUTUMN 2017

In this Issue

Merger with Baldwins Group
GDPR: avoiding the information overload
Making Tax Digital for VAT
Tax Savings at Christmas

Office Gossip

Commendation for Jane
Well-deserved honour for our very special Office Manager.
Scotland's Route 66
Fun and adventures with 'Bonnie' the campervan for Hazel and family.
Continued Success for Olivia
Podium place for Liv at the European Championships in Germany.
Sophie Brings Home the Medals
Training pays off for Sophie as she wins silver and bronze in Sheffield.

Useful Links

Springfords Website
Springfords Brochure
Companies House
HM Revenue & Customs
Scotsman Newspaper

Contact Us

Dundas House, Westfield Park, Eskbank, Edinburgh, EH22 3FB
T: 0131 440 5000
Alba Innovation Centre, Alba Campus, Livingston, EH54 7GA
T: 01506 242002
Falkirk Business Hub, 45 Vicar Street, Falkirk, FK1 1LL
T: 01324 227606
F: 0131 440 5001
Baldwins Group

Merger with Baldwins Group

By now you’ve probably heard our exciting news about joining the Baldwins Group.

Baldwins, just like Springfords, are focussed mainly on family run businesses and SMEs.

And being part of a larger group, means we can now offer our clients even more specialist and wide-ranging services.

The merger went through very smoothly - it was business as usual for our clients throughout.

More on the merger >>

GDPR: avoiding the information overload

In May 2018, the EU General Data Protection Regulation (GDPR) comes into force.

There has already been much written about GDPR and its scope can appear daunting for both small and large businesses.

Our guest article from Andy Harris of MBM Commercial explains some of the key issues of GDPR.

The importance of a personal data audit, the consent myth, potential fines and much more are all examined.

Read the article and as always, if in doubt, consult the experts.

More on GDPR >>

Making Tax Digital for VAT

Manual account keeping is fast becoming a thing of the past.

Next April, if you have a VAT registered business turning over more than the VAT threshold (currently £85k per annum), you will be duty bound to keep digital records of every transaction.

And you will require software to send a digital VAT return to HMRC each quarter.

There are loads of accounting software packages out there, and your Springfords advisor can help you choose the best one for your needs.

More on Making Tax Digital >>

Tax Savings at Christmas

Christmas is coming and perhaps you'd like to reward your employees for a good year's work. But how can you do that in a tax efficient way?

There are several different ways to give staff a Christmas treat. Each has tax advantages and disadvantages.

  • Christmas Bonus - Nice, but income tax and national insurance come into play.
  • Christmas Party - Open to all, and tax exempt if you keep within the guidelines.
  • Trivial Benefits Gift - Tax exempt if you keep to the limits.

Read our article to find out more about various Christmas options.

More on Tax Savings at Christmas >>

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