HMRC has recently announced a number of industry specific crackdowns including people or businesses trading on eBay. Let’s make it clear, this is not about the occasional sale of the odd unwanted item on eBay, but individuals who are regularly making sales on eBay with an intention to make a profit. If you are regularly [...]
The future of retail and the high street
June 27, 2011 by 7 Comments
Articles in the Sunday press (26.6.11) suggest a bleak future for our high street stores, marked by the recent closure of some 30 Habititat stores, and the collapse of Homeform, owner of Dolphin Bathrooms and Moben kitchens. I was recently very excitied to visit the Centre MK, a succesful shopping centre in Milton Keynes, famed [...]
Breakthrough at the VA Conference 2011
June 18, 2011 by 3 Comments
The VA Conference 2011 was held on 17th June at the Holiday Inn, Woking and organised by Carmen McDougall @VAtrainingpro. Well, I had expected to meet lots of fab VAs and enjoy chatting to people I had met on Twitter but I did not expect to become a “money magnet”. Marie-Claire Carlyle helped me have [...]
Late filing and late payment penalties
April 19, 2011 by Leave a Comment
HMRC fines and penalties have changed in the last year. Whereas under the old regime, if you filed a late return you would be charged a £100 fine which would be refunded if you had no actual tax to pay, now you will receive a £100 fine regardless of whether you actually owe any tax [...]
Budget impacts 2011 for Mums in Business
April 1, 2011 by Leave a Comment
What expenses are not allowable for limited companies?
March 18, 2011 by 4 Comments
When you incorporate, you will find that the rules on what you can and can’t claim as expenses against your profit for taxation purposes are a little different to the rules that applied when you were a sole trader. If the taxman thinks that you have claimed sonething you shouldn’t have, it could impact on [...]
Investments for children
December 10, 2010 by Leave a Comment
Now that the Child Trust Fund (CTF) has been phased out, the Government has announced that they will introduce a new tax-free children’s savings account, the “Junior ISA” from 1 November 2011. Key features of the new account include: all returns will be tax-free funds will not be available until the child reaches 18 you will [...]
Sole traders – What tax will you pay in 2011/12?
December 10, 2010 by Leave a Comment
Tthe rates and allowances for the year ended 5th April 2012 mean that basic rate taxpayers will benefit from the increased personal allowance, up by £1k to £7,475, but there are other changes to be aware of that will increase your tax liability, such as the increase in main rate of Class 4 national insurance from [...]
Financing your business
November 13, 2010 by Leave a Comment
Whether you are looking for a small amount of money for a new laptop, or a larger amount for expansion of your business, and you have nothing available to you personally, you should take care to approach the right providers of finance, and make sure you are fully prepared. 3 main providers of Finance The [...]
