It is unbelievable…..but yet another year has passed by. Naturally it is the time of year when thoughts turn to the future. Aspirations and wishes of many a business owner will naturally centre on their business and where they would like it to be in 2011. The following tips are meant help your business get [...]
HMRC are going to target as many as 50,000 small businesses for failing to keep proper tax records in 2011. Under the HMRC consultation, HMRC wants to delve into 50,000 of the two million SMEs it believes have poor record-keeping that has led to unpaid tax. The Business Records Checks consultation could see fines of [...]
Christmas is around the corner, whilst the retail and hospitality sectors gear up for a busy period, other businesses are slowing down and beginning their end of year wind down. This period of relative calm is a good opportunity to reflect on the year that has nearly passed. It is also a good time to [...]
Rising taxation seems to be the new mantra for the 2011-2012 financial year. For most people it will be the rising cost of VAT from 17.5% to 20% in January 2011 on goods and services. For others who fall outside of the remit of PAYE scheme and earn in excess of £150,000 there will be [...]
The current economic downturn may have affected the profitability of your business. That is, you may be trading at a loss. If this is the case then you will need to make some astute decisions in regards to your taxes. Ideally you should be aiming to achieve the very best tax result that is possible [...]
The hidden side of running a business is often the varying levels of paper work that accompany the business. One of the many pieces of paperwork you will have to generate on at least an annual basis is a balance sheet. It is normal for Her Majesty’s Revenue & Customs (HMRC) to request one as [...]
The recent government spending review has brought home the reality that most businesses will have to make decisions that help them to weather the impending storms. There is no doubt that the government action of making cuts will cause a chain reaction during which many businesses will be forced to think about their spending habits. [...]
According to a report published yesterday by eBay one in three SMEs are still unable to access finance from their banks. With over 160,000 VAT Registered businesses on eBay this report makes grim reading, Jody Ford, eBay UK’s Director of SME Businesses said: “Government recently announced a series of measures to encourage enterprise in the [...]
Here at Holden Associates we are always looking for new services we can provided. Our latest is our Online UK Limited Company Formation service. If you are forming a UK Limited Company we can now, through our online company formations webpage, offer a 3 (working) hour limited company formation service with prices starting at just [...]
As everyone knows by now, HMRC have been allowing businesses to defer paying tax by entering into an arrangement to pay in instalments, we first reported this in November 2008. What a difference a year makes, because even though the arrangements are still provided for we have something different to report, we have now found [...]
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