Umar Memon
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Selling your business?
The impact of the current economic climate and the fact that many baby boomers are now retiring is having an increasing effect on the number of business owners looking to sell and pursue other interests. The effect of government… Read more Selling your business?
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Directors’ Responsibilities
Directors are appointed to manage and run limited companies. With that comes a range of serious responsibilities: some specific to the abilities of the individual while others are a matter of legal obligation. This guide concerns itself with the latter.… Read more Directors’ Responsibilities
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Online VAT filing for all
VAT filing is set to become compulsory for every registered business. As from 1 August 2012, online registration for and deregistration from VAT will be compulsory for all. What’s more, VAT-registered businesses with a VAT exclusive turnover under £100,000 per… Read more Online VAT filing for all
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Large increase in penalties for late tax returns
HMRC has warned taxpayers that the penalty for filing late tax returns is to rise significantly. The old fine of £100 is to be replaced because, the tax authority says, the previous penalty rate was not enough of a deterrent.… Read more Large increase in penalties for late tax returns
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Guidance published on new Bribery Act
The Government has published its guidance on the new Bribery Act. The Act is due to come into force on 1 July and will be implemented in what Justice Secretary, Kenneth Clarke, described as a workable and common sense way.… Read more Guidance published on new Bribery Act
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New employment rules are a concern
New regulations scrapping the default retirement age and extending paternity leave could harm businesses, a new survey has claimed. The survey, carried out by the British Chambers of Commerce (BCC), found that the new rules, which came into effect at… Read more New employment rules are a concern
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Real time PAYE system on the horizon
HM Revenue and Customs (HMRC) has confirmed that it will be going ahead with a major reform of the PAYE system. The overhaul will involve a switch to a real time information system. The new system will mean that employers… Read more Real time PAYE system on the horizon
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Government launches anti-red tape website
It is described as one of the banes of business life: regulation compliance. The form filling and admin tasks involved in meeting the rules that govern businesses, critics say, direct vital resources away from the main task of winning new… Read more Government launches anti-red tape website
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2011 PAYE update
From April 2011, many significant changes will be made to the operation of the PAYE system. There are also changes from 2012 that you should be considering now. Compensation rate From 6 April 2011, ‘small employers’ may reclaim 103% of… Read more 2011 PAYE update
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HR Spring Update
KEY CHANGES Changes to Maternity and Paternity Leave Provisions In April there were two changes to Maternity and Paternity leave provisions. Fathers of children with an expected week of birth beginning on or after 3 April 2011 will be allowed… Read more HR Spring Update