Bottomline
Summer 2012
It's 12:58pm on Sunday 20th May, 2012
Simpler income tax system for small business – will it really make a difference?
In the March budget it was announced that there are plans to make tax simpler for small business. Here’s my summary of the current plans. Who will this affect? The new legislation will apply to most sole traders and partnerships where turnover is less than £77,000 per year. It will not apply to small limited [...]
Posted by
Adam Parton
in
Advice for Businesses, The Budget
On April 19 2012
Are smaller businesses cost cutting by doing their own payroll?
Over the summer one of our clients, an employer of just over 10 people, approached us to ask if they could use our payroll service whilst their administrator/payroll clerk was on maternity leave. Our payroll team gladly stepped in to help and the client was very pleased with the service.
Posted by
Adam Parton
in
Advice for Businesses
On November 23 2011
Don’t let the tax man take advantage of your hospitality.
The hospitality industry has long been a cause of concern for the taxman but this was tackled head on in May this year with the establishment of a new HMRC task force charged with looking at the sector and scrutinizing the industry for possible tax evasion. To date enquiries have been made into over 500 [...]
Posted by
Adam Parton
in
Advice for Tourism and Leisure businesses, Tax
On November 3 2011
HMRC plans to use web robots to target tax cheats
HM Revenue and Customs (HMRC) has announced that it intends to target more groups of workers in its efforts to recoup unpaid taxes. Last month, HMRC launched a campaign aimed at businesses that might be trading above the VAT threshold of £73,000 but have yet to register with the tax authorities. Now HMRC will be [...]
Posted by
Adam Parton
in
Advice for Businesses
On June 15 2011
Intellectual property: Five points on patents
Safeguarding your ideas and inventions – also known as intellectual property – is critical to business success. You can do this with a patent, but registration is neither straightforward nor cheap and a number of factors should be kept in mind. 1. Is your idea a sound commercial proposition? If it won’t get off the [...]
Posted by
Adam Parton
in
Advice for Businesses
On October 12 2010
