On the surface paying your employees may seem like a simple task. However, behind the scenes it is a complex set of functions that are all integrated to ensure that employees are correctly paid. Functions such as deducting the correct amount of tax, compiling financial reports, deducting student loans or paying Statutory Sick Pay are [...]
The equation is simple. The more deductions against tax your business can legitimately claim, the lower its taxable profit will be. What can or cannot be claimed for will be dependent on individual circumstances. Claiming tax deductions can make a big difference to the taxable profits that your business makes. Even this, the most basic [...]
Do you know about the business rate deferral payment scheme that is due to come into force that will allow businesses to defer payment of 60% of the increase in their 2009/10 business rate bills over three years? The Non-Domestic Rating (Deferred Payments) (England) Regulations 2009 is to come into force on 31 July 2009. [...]
Some self-employed clients get confused about the on-account payment due on 31 July . Their accountant may not have drawn up their accounts for 2008/09 (6 April 2008 to 5 April 2009), particularly for years ending on 31 March 2009, but the individual needs to pay tax on those profits. This can be difficult to [...]
‘If not now, when?’ The recession has certainly given a lot of people food for thought. Many people are now considering the option of starting their own business as an alternative to being made redundant. Likewise there are a lot of people who are looking for an additional source of income and are considering turning [...]
With the ongoing economic pressures I thought today I would give away a few simple yet effective tax saving ideas: Make use of spouses personal allowances Are you eligible to claim tax credits Consider the Flat Rate VAT Scheme Consider paying additional pension premiums Consider using Tax Free childcare vouchers Make sure you are claiming [...]
The economic future is looking more uncertain than it has done for many years. Forecasting sales, profits and cash flow is becoming increasingly difficult. Even so there still remains a need for many businesses to attract funding in order to achieve sustainability. Keep running. If you are seeking funding for your business thorough preparation is [...]
Do you travel or incur costs in the EU? Did you know that you can claim the VAT back on any of these costs, for example, hotel bills, conferences or exhibitions you have attended? But who is entitled to a VAT refund? Well most business entities around the world will qualify for a refund. However, [...]
At Holden Associates we place a great deal of emphasis on planning the growth and development of your businesses. That is because we understand and know that it can be tempting to steam ahead in business without any real idea of what your next steps will be. ‘Playing it by ear’ is not a good [...]
It would appear that we are not the only ones offering something for £FREE. TAS Software are also offering the basic version of their software for £FREE. Well that’s great news isn’t it? Well maybe not. When we provide all our clients with the £FREE use of WinWeb OnlineOffice5 we also take the time to [...]
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