Small Business Accountancy Blog From RIFT Accounting in Kent

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  • Accounts and Accountability

    Small Body Transparency

    Small public bodies like parish councils, fire and rescue authorities and even police services are expected to present full reports of how they're managing their affairs. With the public purse strings tightening and dwindling budgets all over the public sector, small public bodies can expect their accounts to be under ever-closer scrutiny.

  • Ben Towers: The Origin

    Tales From The RIFT: Thrilling Adventures in Accountancy Part 1

    He's got nerves of pure steel... He's got the strategic brilliance of a Chess grand master... We're pretty sure he once punched an evil robot's head right off... He's the unstoppable Ben Towers and we’ll be keeping you up to date with his thrilling adventures every month in Tales From The RIFT!

  • Challenger Banks

    Challenger Banks

    Enter the challenger banks - and unlike their increasingly timid bigger brothers, some of them don't even have doors to slam in your face!


    VAT MOSS: The rules on VAT have changed for tax on digital services within the EU.

    Okay, assuming you can hear us over the screaming and the panicking and the huge chunks of falling sky, it's time we talked about VAT MOSS, and how (or if) it affects you. Since the 1st of January, the rules on VAT have changed so that tax on digital services within the EU is based on where the purchaser is, rather than the seller. It's actually a move designed to stop large businesses from routing all their sales through low-VAT countries to minimise the tax they pay. Unfortunately, it's having a lot of unintended knock-on effects on small businesses.

  • Crowdfunding - The More, the Merrier


    Crowdfunding's one of those magical ideas that lightning-bolts its way into the business world every so often. The continuing explosion of the internet and the speed with which traditional lending institutions have been sucking their heads back into their shells have left a gaping hole in the funding arena, and a whole new way of raising finance has grabbed itself a foothold.

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