Latest news

1
Mar

How to grow your business

News: March 2011 In today’s challenging economic climate, it is critical to interact with the people who could become your clients, provide you with valuable information or help you to develop your business. Although we understand the importance of networking, many professionals will admit that they are not particularly good at it. In order to network effectively, it is essential

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1
Mar

Is your business base your home?

News: March 2011 Is your business base your home? If you are self-employed and do the core work at the premises of the client, there may have been doubts before in being able to claim that your business base is your home. That can seriously restrict the scope for claiming tax relief on travel costs to and from your home

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1
Mar

Business Tax

News: March 2011 Business Tax IR35 Review The Office of Tax Simplification was tasked with reviewing the operation of IR35, or the provision of services through intermediaries as the legislation is more correctly called. Unfortunately the Government does not agree that IR35 should be abolished. However, it has promised to improve the way HMRC provide guidance to businesses who are

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1
Mar

Corporate hospitality

News: March 2011 Corporate hospitality In today’s cut-throat, hyper competitive marketplace it is more important than ever to look after your clients. If your clients feel that you care about them, they are less likely to go and look for a new supplier. So, what can you do for them to give them a warm, fuzzy feeling? Bring them on

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1
Mar

Increased penalties for offshore tax evasion

News: March 2011 Increased penalties for offshore tax evasion We knew that the sanctions available to HMRC for tackling offshore non-compliance were to be increased, and we now know when and how this will happen. Basically, the normal maximum penalty of 100% of the tax (in practice, discounted to reflect a whole set of circumstances which we argue as part

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1
Mar

Capital Taxes

News: March 2011 Capital Taxes Capital Gains Tax Rates and Thresholds The rates and thresholds for capital gains tax are as follows for 2011/12: Annual exemption – £10,600 Annual exemption for most trustees – £5,300 Rate for gains in basic rate band – 18% Rate for gains above basic rate band – 28% Rate for gains subject to entrepreneurs’ relief

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1
Mar

Employee induction programmes

News: March 2011 Employee induction programmes We’ve all been there before – first day in a new job. You’re not sure what to expect. Everything is unfamiliar and you are apprehensive about proving yourself to your new colleagues. To engage new recruits, employers need to think about each part of the process from application, interview and job offer to the

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1
Mar

Penalties for late filing of your income tax returns

News: March 2011 Penalties for late filing of your income tax returns New late filing and late payment penalties will apply from 6 April 2011 (in relation to tax years ending after 5 April 2010) for personal, trust and partnership returns. The existing rule that the late filing penalty is the lower of £100 and the balance due will be

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1
Mar

Savings and Investments

News: March 2011 Savings And Investments Enterprise Investment Scheme It is proposed that income tax relief for investors be enhanced as follows: Rate of income tax relief: 2010/11 – 20%, 2011/12 – 30%, 2012/13 – 30% Annual maximum investment qualifying for income tax relief: 2010/11 – £500,000, 2011/12 – £500,000, 2012/13 – £1,000,000 These changes will be subject to State

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1
Mar

Mobile marketing – the next big thing?

News: March 2011 Mobile marketing – the next big thing? Mobile Media Marketing consists of utilising mobile phones to deliver your firm’s advertising and promotional message to existing and potential clients. With 3G and mobile internet technologies now commonplace. examples of mobile marketing range from all types of advertising and promotions to apps and games which promote a product or

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