National Insurance Contribution Holiday Extension?
The FSB has called for all micro businesses to be granted inclusion into The National Insurance Contribution (NIC) holiday Scheme which was launched in 2010. The scheme currently exempts start-up firms outside London, the south east and east of England from paying NICs for up to ten new employees. In a submission to the Chancellor. The federeation said it would create 45,000 jobs. Read More
Only 2 weeks to go – Self Assessment deadline
Self Assessment deadline – don’t be late! Although the deadline for filing your paper tax return has passed, you still have time to avoid a penalty by filing your return online. The deadline for this is, however, fast approaching. Failure to file your tax return by 31st Jan 2013 incurs a £100 penalty, immediate action is therefore required. Read More
Self Assessment deadline – don’t be late!
Although the deadline for filing your paper tax return has passed, you still have time to avoid a penalty by filing your return online. The deadline for this is, however, fast approaching. Failure to file your tax return by 31st Jan 2013 incurs a £100 penalty. Immediate action is therefore required. Read More
Christmas Greetings & Charity Donation
Click on the image to download your pdf copy. Read More
Increased Scrutiny by Tax Inspectors Continues
In the latest campaign to eliminate tax dodging, tax inspectors are targeting motor traders in Scotland, hair and beauty specialists, and most significantly, the legal profession. HM Revenue and Customs has said that Solicitors and barristers in London are being targeted for a suspected shortfall of £3 Million, with investigators visiting to inspect their books. The Bar Council, which represents barristers, are said to be surprised regarding the... Read More
National Loan Guarantee Scheme
Small businesses could benefit from cheaper rate borrowing due to the new National Loan Guarantee Scheme (NLGS) that was launched in March this year by the Chancellor. This will allow small businesses more access to cheaper finance. Up to £20 billion of Government guarantees will be provided on unsecured borrowing by participating banks, which will see borrowing at a cheaper rate. The benefits of this will then be passed on to businesses, which means... Read More
Important dates in July
19th – 20th July 2012 – Final date for payment of 2011-12 Class 1A NICs 31st July 2012 – Second Self Assessment payment on account for 2011/12 Read More
Tips for Starting Your Own Business
Individuals starting up their own business can be tempted to cut out the middle man by doing everything themselves to minimise costs. This however is not always recommended, as this can be a false economy. It is usually more beneficial for your business to hire a skilled professional to carry out the services they are experts in. Well established businesses will take much interest in providing efficient services for you. This is where long- term... Read More
Tax Changes
Tax From April 2013, the 50p tax rate will be reduced to 45p. This is because the current tax rate has damaged the economy and has raised very little. Income Tax The new personal allowance of £8105 begins in April 2012, with a further increase to £9205, which will take effect from April 2013. Image Copyright Dale Rockell Photography Read More
Corporation Tax Update
Small company Corporation tax fell from 21% to 20% in April 2011. The main rate of Corporation tax has reduced by 2% from 28% to 26% in April 2011.It will reduce by 1% per annum until it becomes 23% in April 2013. Image Copyright Dale Rockell Photography Read More
