Umar Memon
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Budget 2012 – time for a review?
Chancellor George Osborne will take to the stand on 21st March to deliver the Budget 2012. He faces a difficult task, as the next general election is not far away, and there is very little room for fiscal manoeuvre. There… Read more Budget 2012 – time for a review?
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Employers’ guide to 2012 pensions reform
This year will see the introduction of radical pensions reform as the Government attempts to bridge the gap between pension savings and years in retirement with the introduction of auto-enrolment. Pension fact: Just 33 per cent of public sector employees… Read more Employers’ guide to 2012 pensions reform
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The 2012/13 tax year starts on 6th April Do you want to stay tax and NI efficient?
For the 2012/13 tax year, basic tax free allowances have increased from £7,475 to £8,105. However, the point at which higher rate tax will apply drops from £35,000 to £34,370.If you are a director, and aim to extract profit from… Read more The 2012/13 tax year starts on 6th April Do you want to stay tax and NI efficient?
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Investing in your business
Whether you are considering fresh investment in an established business or initial investment in a new enterprise it is important that your investment decisions are thoroughly appraised, timely, and in accordance with your overall personal and business strategy. Need for… Read more Investing in your business
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Pension legislation tends to give people a headache
Once upon a time there were eight different pension regimes which caused a great deal of complexity. Then along came a Labour government which decided the regimes should be brought together under a set of simplified rules. This was referred… Read more Pension legislation tends to give people a headache
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Your Money: ISA’s & Pension Contributions
Don’t waste your tax efficient saving and investment allowances Every tax year your tax efficient savings and investment allowances are renewed, which means that before the end of each tax year (6 April to 5 April), you may want to… Read more Your Money: ISA’s & Pension Contributions
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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… Read more Communication is key
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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.… Read more Business Record Checks
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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… Read more Online VAT Filing
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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… Read more Capital allowances