Umar Memon
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Seed Enterprise Investment Scheme (SEIS)
The Seed Enterprise Investment Scheme (SEIS) is designed to help small, early stage companies to raise equity finance by offering a range of tax reliefs to individual investors who purchase new shares in those companies. It complements the existing Enterprise… Read more Seed Enterprise Investment Scheme (SEIS)
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Budget 2012: your money highlights
Budget 2012 included a series of announcements that could affect your finances. Highlights included: The personal allowance will increase to £9,205 in April 2013, putting the Government on track for its £10,000 target. The 50% additional tax rate will reduce… Read more Budget 2012: your money highlights
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Will you be an HMRC taskforce target?
HMRC is launching thirty new taskforces in 2012/13 to crackdown on those businesses it believes are likely to attempt to evade tax. Likely targets include the textiles industry, the motor trade, and indoor and outdoor markets, according to HMRC. The… Read more Will you be an HMRC taskforce target?
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HMRC gets smarter on smartphones
HMRC finally changed its stance on smartphones like the iPhone and Blackberry last month, and they now qualify as ‘mobile phones’. This means that smartphones will no longer be treated as a Benefit in Kind, and can be provided to… Read more HMRC gets smarter on smartphones
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Budget 2012: Business highlights
Budget 2012 was designed to prove that the UK ‘unashamedly backs businesses’ according to Chancellor George Osborne. Some of the measures announced include: The main rate of corporation tax reduced to 24 per cent from April 2012 – One per… Read more Budget 2012: Business highlights
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Red Tape Regulation
New business regulations come into effect on two common commencement dates (CCDs) in April and October each year. Below is our summary of some of the upcoming legislation changes that may affect you and your business from April 6 2012.… Read more Red Tape Regulation
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HR Update: Spring 2012
Preparing to Conduct an Appraisal Most organisations now recognise the importance and benefits of staff appraisals. For appraisals to be effective there is however a need for proper preparation. We consider some tips for preparing to conduct an appraisal. 1.… Read more HR Update: Spring 2012
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Plan now or you could end up working into your 70s
A recent report revealed that high pension charges and the wrong choice of annuity could cut a savers’ pension income by almost a quarter – forcing some to work past their 70s. Planning for retirement is important, particularly as life… Read more Plan now or you could end up working into your 70s
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Dividend or salary?
If you are a director and shareholder of a company you could take payment by dividends, by salary, or a mixture of the two. There are advantages and disadvantages to both methods, including: Advantage Disadvantage Salary Reduces corporation tax… Read more Dividend or salary?
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Don’t be a payroll dummy
HMRC recently revealed that hundreds of employers have entered inaccurate information on employer returns – 128 staff had been entered as Mr, Ms or Mrs Dummy, while 40 employees are more than 200 years old according to their date of… Read more Don’t be a payroll dummy