Latest news

1
Apr

Business resource checks

News: April 2011 Business resource checks Further aspects have emerged about this new initiative. It looks like any checking will be based on a simplistic pro-forma that cannot take into account the specific way you run your business. That at best means the checking process will be misleading, and at worst it will be positively dangerous. HMRC may well get

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1
Apr

The office of tax simplification

News: April 2011 The office of tax simplification They have published their interim report on simplifying the tax system for small businesses, and the likely response is a feeling of disappointment that so few specific ideas are being put forward. To be fair, the OTS makes it clear that they now seek the Chancellor’s views and further instructions, and they

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1
Apr

Update your business plan

News: April 2011 Update your business plan Most businesses create a business plan at the start of each year which outlines where the business is today, what happened last year and where they want to be at the end of this year. As we approach the end of Quarter 1, 2011 its time to pull out the business plan and

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1
Apr

New disclosure opportunity

News: April 2011 New disclosure opportunity Any taxpayers who have some undeclared income should take a serious look at the latest opportunity offered by HMRC to get their tax affairs sorted out with usually no questions asked and lower penalties applying than would be the case if HMRC approached them. Although this new opportunity is supposedly aimed at plumbers, (hence

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1
Apr

Get your marketing message right

News: April 2011 Get your marketing message right No matter what type of industry you operate in, you must ensure that your marketing message is tailored for your target market. Many businesses make the mistake of trying to sell a product or service. The marketing message does not really need to communicate what that product or service is but instead

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1
Apr

Advisory fuel rates for company cars

News: April 2011 Advisory fuel rates for company cars Published guidelines are issued by HMRC. The stated aim is to save time for all concerned by setting out figures which they reckon can be used in the majority of cases. They are only advisory, and can apply where the employer reimburses the employee for fuel for business travel in a

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1
Apr

Tips for effective presentations

News: April 2011 Tips for effective presentations Making an effective presentation is an art in itself. Communication is more than just what you say, it is also about how you say it. Here are a few general tips for giving your next presentation the X-factor. Eye Contact – Failure to make eye contact can make people doubt your sincerity. Try

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1
Apr

Saving national insurance contributions

News: April 2011 Saving national insurance contributions With the nasty increase in NICs applying from 6 April 2011 it is worth looking at ways of reducing the effects. This could involve, in the right circumstances, paying a bonus by 5 April 2011. In that way the extra 1% NICs payable by the employee form 6 April will be avoided –

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1
Apr

iPad 2 launched

News: April 2011 iPad 2 launched Although it seems like only yesterday when Apple launched the “category defining” iPad, they have just announced the launch of the new, improved iPad 2. The device you never knew you needed until you tried it out has just gotten twice as fast and 33% slimmer – quite the diet then! It still comes

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1
Mar

VAT

News: March 2011 VAT VAT Rates and Thresholds There were few changes announced for VAT. The rates and thresholds are as follows from 1 April 2011: Lower rate – 0% Reduced rate – 5% Standard rate – 20% Registration turnover – £73,000 (up from £70,000) Deregistration turnover – £71,000 (up from £68,000) Low Value Consignments Low value consignment relief allows

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