Umar Memon
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Higher rate taxes to scoop up more people
As many as 750,000 income taxpayers could find themselves in a higher tax bracket this April, a new study has claimed. According to the Institute for Fiscal Studies (IFS), three-quarters of a million will see some of their earnings lifted… Read more Higher rate taxes to scoop up more people
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Fuel duty stabiliser can work …
Rising fuel costs have long been a real concern for both firms and families. The recent hike in VAT and the threat of a further increase in fuel duty have only added to the worries. One possible solution is the… Read more Fuel duty stabiliser can work …
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Directors spending even more time dealing with red tape
Getting it right when it comes to complying with the plethora of business regulations seems to be hitting directors and owners harder by the year. According to the Institute of Directors (IoD), on average, the amount of time directors invest… Read more Directors spending even more time dealing with red tape
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Government to press ahead with new company accounts filing system
The Treasury has decided to keep to its timetable for the introduction of a new system for the filing of company accounts. This is despite the fact that a number of tax bodies have written to the Government urging a… Read more Government to press ahead with new company accounts filing system
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New rules on capital allowances
There have been some significant recent changes on capital allowances that could influence your decisions on buying business assets in the immediate future. For tax purposes, a company cannot claim depreciation as a business expense. Instead, the business may be… Read more New rules on capital allowances
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Measuring your return on marketing investment
In these financially precarious times businesses are constantly looking for ways to streamline operations and cut unnecessary expenditure while at the same time seeking to improve profitability, increase (or at least preserve) market share, and lay the foundations for future… Read more Measuring your return on marketing investment
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Corporation tax changes on the horizon
HM Revenue and Customs (HMRC) has issued a reminder about important changes that will be affecting corporation tax this April. Under the changes, all company tax returns sent in from April 2011 must be filed online for accounting periods ending… Read more Corporation tax changes on the horizon
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Employees could be working for longer
The Government has confirmed that the default retirement age (DRA) of 65 is to be phased out between 6 April and 1 October 2011. As a consequence, employers will no longer be able to let employees go simply because they… Read more Employees could be working for longer
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The importance of keeping books in good order
Smaller businesses are being urged to maintain up-to-date and accurate financial records. HM Revenue and Customs (HMRC) has plans to clamp down on significant record keeping failures this year. HMRC could be looking at as many as 50,000 firms each… Read more The importance of keeping books in good order
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We’re ready to pay for simpler taxes
We’re ready to pay for simpler taxes, claim businesses. Small business owners have said they would be willing to dip into their own bank accounts in order to bring about a fairer and less complex tax system. A poll carried… Read more We’re ready to pay for simpler taxes