Communication is key

Last year saw more pay cuts and freezes than in any year since the financial crisis began in 2008, according to the Chartered Institute of Personnel and Development (CIPD). And while economic growth is vital this year, subdued pay rises and freezes are likely to be inevitable in order to make this happen. If you[…]

Posted in HR

Business Record Checks

HMRC has come under fire in recent weeks over its Business Record Checks, which target small and medium-sized businesses. HMRC claims that 44 per cent of businesses have issues with their record-keeping, while 12 per cent have seriously inadequate records. The checks, 20,000 of which are planned for the 2012/13 tax year, could result in[…]

Online VAT Filing

From 1 April 2012 all VAT registered businesses will have to submit VAT returns online and pay and VAT due electronically too. From 1 April 2010 it was compulsory for all businesses with an annual turnover of £100,000 or more to file and pay VAT online, but the latest change will mean that every VAT[…]

Posted in VAT

Capital allowances

What is a capital allowance? If you buy an asset to use in your business that has a life of more than two years, you may not be able to deduct the whole cost from that year’s profits. Instead you may get tax relief over several years as capital allowances. There are several types of[…]

Economic Update January 2012

If there is one topic that continues to dominate the airwaves and the thoughts of many it is the economy – what will happen this year? What impact will result from the woes of other countries? Here we take a look at some of the factors that continue to impact our marketplace. Looking back 2011[…]