Many accountants prefer not to deal with Tax Credit claims, as they don’t want to get involved in that highly complex system of state benefits. However, I must stress, all accountants should at least tell their clients about their rights to claim Working Tax Credit or the Child Tax Credit. A claim for tax credits [...]
The Prince’s Trust Business Programme has been running for 24 years and is open to 18- to 30-year-olds who are unemployed or working fewer than 16 hours a week. In addition to business training schemes, the programme provides funding of up to £4,000 (or £5,000 for partnerships), along with support for your business idea. The [...]
Recent research by Enterprise Nation shows that over five million people are working from home after finishing their ‘normal’ day jobs. With modern technology, like that provided by WinWeb, it is easier than ever to launch your own business while still in full-time employment. The benefit of starting a business while still working full or [...]
For convenience, a number of key government departments issue all their changes in regulation for business twice a year, on 6 April and 1 October. These are called common commencement dates “CCDs”. CCDs enable you to prepare your business for the implementation of any changes needed to comply with new and revised regulations. So, if [...]
In my first posting on the Holden Associates blog I thought I would cover a topic that could easily be missed by many. Who would have thought a responsible Government would introduce legislation to discourage the payment of pension contributions? but it’s there in Schedule 35 of the 2009 Finance Bill. These provisions apply to [...]
Falling sales, declining sales, reduced sales, slumped sales or decreasing sales. No matter which term you prefer to use the understanding remains the same. That is your business needs to sell more of its services or products in order to improve turnover and profitability. Without sales most business would cease to exist. The ongoing priority [...]
From 27 April 2009 HMRC bank account details have changed. If you make payments to HMRC by internet, telephone banking, BACS, CHAPS or from an overseas bank account the new account details can be found at the HMRC website. Don’t panic, there are arrangements in place to ensure that payments made using the old bank [...]
HM Revenue and Customs have now confirmed that there will be a 10% penalty for UK taxpayers who voluntarily disclose unpaid tax on accounts held offshore. A spokesman for HMRC said a 10% penalty on the outstanding tax owed, plus interest, for this the second amnesty will only apply to taxpayers who were not covered [...]
The British Chambers of Commerce has launched Business Network Online – a networking and trading portal that operates via local chambers of commerce. Businesses can receive tendering alerts, advertise online and meet new suppliers. Although chamber members have free access, non-members can have a three-month trial of the network. If you are a small business [...]
These new rates give about one month’s notice of the changes and apply to all journeys on or after 1 July 2009 and can be implemented immediately where employers are able and wish to do so. Remember: Petrol hybrid cars are treated as petrol cars for this purpose. These new rates are also updated on [...]
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