Umar Memon
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Making tax simpler for smaller firms
The Office of Tax Simplification (OTS), the independent body set up by the Government to streamline business tax, has put forward two new proposals to help smaller firms cope with their taxation obligations. The first focuses on disincorporation for small… Read more Making tax simpler for smaller firms
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Government aims to boost small business investment
Encouraging business investment is central to Government efforts to re-balance the economy, which is why the Treasury is holding a consultation on ways and means of increasing the level of funds that are put into smaller enterprises with good growth… Read more Government aims to boost small business investment
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How to go about integrating income tax and NI
Many businesses regard the management of tax issues as a major commitment of their administrative resources. To help ease the burden, the Government is looking at possible ways of merging the two tax systems – income tax and national insurance … Read more How to go about integrating income tax and NI
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Turbulence everywhere
The ongoing concern with regard to the national debt crisis in Europe and America continues to reverberate. The escalation of debt during the past twenty or more years finally appears to be coming home to roost. With markets at the… Read more Turbulence everywhere
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Tax and Your Company
Tax and your company: the year ahead Managing a company always presents challenges, and the forthcoming year while offering opportunity to some business owners will be challenging for many as we face continued public sector cuts and tax increases. Financing… Read more Tax and Your Company
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Safeguarding your estate
This 2011/12 guide is intended to help you and your estate planning. That you should leave something behind for loved ones is a gratifying thought, whatever the size of your estate. If your assets exceed £325,000 (including any gifts you… Read more Safeguarding your estate
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Hopes that research tax breaks will encourage innovation
More details have been released on proposed changes to some of the tax reliefs available for firms that invest in research and development, and new products. Under the proposals, the R&D tax credit system is to be simplified. One change… Read more Hopes that research tax breaks will encourage innovation
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Smaller employers will be hit by compulsory pension plans
Plans to begin implementing auto-enrolment pension schemes in 2012 will hamper the ability of smaller firms to run their businesses, it has been claimed. A new survey from the Institute of Directors (IoD) found that over a half of the… Read more Smaller employers will be hit by compulsory pension plans
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Help us tackle excessive red tape, says Government
Businesses have been invited to blow the whistle on regulations that are both excessive and inconsistent in an effort to reduce the compliance burden faced by many firms. The new drive, aimed at freeing enterprises from the shackles that administering… Read more Help us tackle excessive red tape, says Government
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Non-dom tax to see reforms
The Treasury has published a consultation paper on reforming the tax system as it applies to non-domiciled residents. The Government has also set out another consultation on its plans for a statutory residence test (SRT). The aim of the non-dom… Read more Non-dom tax to see reforms