If you buy a new car for your business that has CO2 emissions of no more than 95g/km, you can claim a full deduction against your business profits. There are approximately 30 cars that fall into this category, but the list is growing. If you run your business as a limited company, the private use […]
Minimum wage crack down by HMRC
Businesses should be aware that HMRC polices the National Minimum Wage (NMW) legislation. Not only do they fine employers who breach the regulations, they also enforce the payment of underpaid wages to staff. HMRC have recently released figured confirming that 26,000 workers were paid less than the minimum wage. • 708 employers had been fined with […]
Get More out of Meetings
Meetings are a necessary evil. However, they are time consuming, resource intensive and can often prove to be inefficient if attendees are not prepared. Here are some top tips to help you to make the most of your meetings. Create an Agenda Agree an agenda for each meeting and circulate the agenda prior to the […]
Vodaphone settlement
In a previously unreported settlement with the UK Government, Vodaphone appears to have made a large payment to HMRC. The additional taxes related to the tax returns of an Irish subsidiary. Although the overall amount settled was not disclosed Vodaphone were required to reclaim approximately £57m from the Irish Government in tax that should have […]
Good news, exports on the increase
The period April – June 2013 has seen positive economic growth for the second quarter. The economy expanded by 0.7%. Hopes of rebalancing the economy towards trade and investment were given a boost by an impressive 3.6% increase in exports in the same period. However, the good news may too good for the Bank of […]
Make the Most of Blogging
Until relatively recently, blogging was often perceived as an online diary for individuals to share their opinions and personal experiences. However, a blog today can be a powerful marketing tool. Whether you want to create web traffic, grow your online community, build relationships with customers, position yourself or your company as an expert or ‘soft-sell’ […]
Partnerships and LLPs
HMRC closed their consultation on the proposed changes to the taxation of partnerships and LLPs on 9th August. Any subsequent changes will be introduced in the Finance Bill 2014, and be effective from 6 April 2014. Two possible changes are worth highlighting. 1. Disguised employment HMRC aim to create a new concept for LLPs, a salaried […]
Off-shore, online gambling to pay UK tax
Online betting companies that have based their operations in offshore tax jurisdictions, to avoid Britain's gambling taxes, will be hit with a new levy to be introduced from December 2014. It is estimated that the new tax may raise £300m for the UK taxpayer. The Government is to impose a 15% tax on operators in […]
Motivate your Team for Success
Motivating employees towards success is one essential ingredient in maintaining a vigorous, cost-effective, serviceable and productive business. One of the toughest challenges faced by business managers in today’s difficult market is maintaining employee motivation over the long term. Reward One way to motivate your team is through rewards and incentives, given with the intention of […]