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Your Autumn Newsletter from Barringtons
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Welcome to your Autumn Newsletter 2018


Time is precious and it becomes even more so as we count the days to Christmas. It’s a busy time of year for everyone, especially as we hurtle towards the tax return deadline. Here at Barringtons we aim to offer you all the support we can. We take pride in helping to create time for our clients. Our friendly cloud-accounting team can advise on this (see article below). From business start-ups, support and advice for established businesses or planning for your exit - our experienced team are here to help.

Stay up to date by following @TeamBarringtons on Facebook and Twitter
 
Nick Cooper
Finance Director
Download Barringtons NEW App
In the Spotlight - Mark Shufflebotham
Mark Shufflebotham
Football-mad Mark Shufflebotham loves being part of a winning team.
Mark has worked for Barringtons since 1984 and remains our longest-serving member of staff.
He has seen the firm grow, move offices and develop new services to an ever increasing number of businesses.
Mark, from Chell near Tunstall, started with us as a trainee accountant on the old YTS scheme – just one day after his 18th birthday.
He’s now a Client Services Manager based at our Newcastle office with a wide portfolio of clients from workingmen’s clubs to construction companies.
Next year he celebrates a special anniversary – 35 years with Barringtons.
He said: “I’m Potteries through and through and it’s been my pleasure to work with a local company keen to support the area. Advising businesses and supporting their growth is a key part of my role.”
Away from work Mark can be found on the terraces of his beloved Stoke City FC, cheering on his side with his 16 year-old son Jaymie.
To contact Mark email ms@barringtons.co.uk or call him on 01782 713700
Selling your business or retiring
What's Your Plan?
Selling Your Business or Retiring? Then Don’t forget to Plan!
 
 
I have been having an increasing number of conversations recently with clients starting to think about retiring and selling their business that they have, in many cases, dedicated the whole of their working life to building.
 
There are a few options to consider. For example, do you wish to pass the business to family members, so it can continue, or do you prefer to sell it? If a sale is the preferred choice, is this to be to employees, management, the trade or elsewhere?
 
Let’s consider a few of the relevant factors:.......................> READ MORE

Author: Nick Cooper
Finance Director
Making Tax Digital!
Cloud-accounting software
April 1 is D-Day – or should we say Making Tax Digital (MTD) day – when Government plans to introduce digital accounting finally kick in.
It will spell the end of paper-based tax returns for many businesses and from the 1st April 2019 any VAT-registered business with taxable turnover of more than the VAT threshold will need to submit their VAT returns through an approved cloud-based software.
This will be the law and there will be penalties for non-compliance.
Businesses of all shapes and sizes will eventually have to adapt to the new system which will require them to keep track of their tax affairs digitally using MTD compatible software and give HMRC at least quarterly updates via their digital tax accounts.
For most businesses this means a move away from desktop and onto cloud-based accounting software, such as Xero.
Our advice is be prepared. Speak to our cloud-accounting team about the support that is available.
Our Xero Champion Kathryn Cooper says: “It may sound daunting but MTD and cloud-accounting can be the catalyst to a faster and more efficient way of running your business with greater visibility." 
“You can access your records whenever you want from any device (with internet access) and with real time information you can keep an eye on how your business is doing throughout the year."
“Online invoicing, getting paid faster and automated invoice reminders, take the headache out of credit control. Clients who have made the switch now love not having to spend time compiling records or filling out ledgers/cashbooks."
“Cloud-accounting may not be everyone’s first choice but if embraced, it can mean a new generation of businesses working smarter not harder."
Barringtons offers support, demonstrations and training for the most frequently used cloud packages.
 
We promise to help you make the transition as easy as possible
 
Client Profile
Chas Hardern Boats
Chas Hardern Boats
 

Long-standing clients Chas and Lindsay Hardern have sailed through more than 40 years in business by offering people from all walks of life a holiday to remember on canal boats.
Founded in 1972, Chas Hardern Boats is one of the oldest family-run companies of its kind in the country and remains renowned for introducing landlubbers to the joys of British waterways.
The couple have seven beautifully kitted-out boats - quirkily named after characters in Tolkien’s Lord of the Rings. Shadowfax, Snowmane and Strider for example blend traditional style with modern day home comforts including microwaves and diesel-fired central heating.
New to the fleet is Tolkien’s wizard character, Radagast, a four-berth 55ft vessel featuring colour TV/DVD and two double beds, which can be converted to four singles.
And there’s no shortage of takers for these floating holiday homes. Canal boaters regularly come from as far afield as Australia, America and Canada – occasionally booking for up to 16 weeks to travel the whole canal system. This year there were visitors from Japan and Israel too and in 2019 the bookings diary includes a family from Albania.
Based at Beeston Wharf, on the picturesque Shropshire Union Canal, Chas and Lindsay enjoy opening up the world of canal holidays to complete newcomers. There’s tuition and a lifetime’s experience to pass on from the pair who live on a boat themselves.
Lindsay said: “Customers enjoy disconnecting from the pressures of modern day life and getting close to nature. It’s like no other holiday, both in the variety of the surroundings and the chance to really soak them up.
“They can choose a leisurely cruise just boating for a few hours a day and then stopping to explore the next village or perhaps be boating 8-12 hours a day and doing one of the circular routes.
“Whatever they do it is a chance to meet interesting fellow travellers at locks and lift-bridges as well as in the canal side pubs.”
Programmes like Great Canal Journeys, which features Timothy West and Prunella Scales exploring waterways in Britain and abroad, have brought this type of holiday to a new audience.
Christmas and New Year has bookings from families keen to experience a festive break with a difference.
With a busy business, the couple appreciate the support from Barringtons which has looked after their accounts from the outset.
Lindsay added: “We’re outdoors a lot so there’s not much time for computers and bookkeeping. Barringtons takes the admin headache away which allows us more time to spend doing what we enjoy, caring for the boats and welcoming clients.”
Chas and Lindsay are only too happy for clients to bring their pets and over the years they have welcomed a menagerie of species. Dogs and cats are standard but a tortoise, ferret and number of birds have also sailed with them.
For more on canal holiday hire visit their website  www.chashardern.co.uk 

                 
Backing local sports teams
Backing local sides
Barringtons has been hitting headlines with its support of local football and rugby.
We’re behind Newcastle Town FC, Market Drayton Town FC and Nantwich Town FC as well as Market Drayton Rugby Football Club.
Barringtons managing director Phil Wood said: “Our ethos is to give back to the towns where we have offices and employ from the local area.
“All these clubs have strong roots in the community, encouraging youngsters to get out and kick a ball while enjoying friendship and the camaraderie of being part of a team.”
As long-standing sponsors of the clubs, Barringtons has earned praise from officials and there have been photo-calls for the Sentinel, Nantwich Chronicle and Market Drayton Advertiser.
Don't make me laugh


Never underestimate your customers
I was in a pet shop picking up some pet food for my dog when I overheard the following conversation. A little girl peaks over the counter and politely says to the sales lady, “I’m interested in buying a rabbit.” “Oh we’ve got lots of rabbits” gushed the motherly sales lady. “Do you have any specific colour in mind? We’ve got some adorable white bunnies down this aisle”. “Oh” said the little girl, “I don’t think my boa constrictor would care about the colour!”
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