Salary versus Dividend is often a topic that comes up when creating a Limited Company. I have tried to detail below a simplistic view of the order in which an owner managed business can extract funds from a company. For an ideas on the potential tax savings of incorporation you can use our Limited Company…
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I don’t read many business books. Generally I feel I have a good handle on business and how it works. I have a great network of contacts for business advice and help when needed. However, I felt compelled to read this one. This has been written by the Managing Director of 4Networking, the largest joined…
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The Chancellor of the Exchequer, Alistair Darling, announced his proposals to help small businesses in his pre-Budget report on Wednesday 9th December. There is to be a committment of £500m for a capital growth fund. This will be used to support small businesses and is an extension to the Enterprise Finance Guarantee scheme. A tax…
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It has been been a great week this week. I have been at the Business Startup Exhibition at London Olympia with the team from Bizpro. They are a virtual assistant business run by Managing Director Kerry-Anne Orr. She asked me to go along and help to promote their business. There is a lot of synergy…
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Alistair Darling , Chancellor of the Exchequer has announced that he will present his Pre-Budget Report at 12.30pm on Wednesday 9th December. The Pre-Budget Report is becoming a more significant event in the political calendar; with a general election just around the corner, this year’s statement will be of particular interest. Look out for announcements…
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This is not a normal boring Accountancy Blog post today (however, read through to the bottom!) Through business networking with the 4Networking group I have recently come across a man called Mike Buss. Mike is an ex serviceman on a mission. He is an endurance athelete who is attempting to break several world records. He…
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So you’ve decided to start your own business! You’ve taken the plunge and thought ‘I know what I want to do’. Thats the easy and first step. Detailed below is a review of a few considerations and tips that you should think about when setting up your business. Consider your business structure You will need…
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This week we have a Guest Blog provided by Nick Beaumont-Jones of Auditel – Experts in finding ways to improve business profit Keep staff on board. Cost cutting measures are often unpopular, but when staff understand that their jobs may depend on them, they’ll play along Improve business forecasting. When you have a clearer picture…
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The self-assessment filing deadline for paper returns 2008/09 is 31 October 2009. If you file a paper return after this date you will be issued a £100 penalty. HM Revenue and Customs have indicated that if you tried to file online and failed due to some fault in the online filing process, a paper copy…
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This is probably the most common question that accountants get asked. The maths are obvious. The more expenses claimed against income that your business can legitimately claim, the lower the taxable profit will be. What can or cannot be claimed for will be dependent on individual circumstances. Claiming tax deductions can make a big difference…
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