Posted by martinparry on March 1, 2010 under Finance, Grants, SME News, Training | 
The Welsh Assembly Government (WAG) has announced a £15 million business support package to help businesses prepare for the economic upturn. The funding will primarily be used for training and will go toward extending the ProAct programme, which helps employers who are facing difficulties during the downturn. The ProAct programme was due to close at the end of March, but applications are now welcome until the end of June. The skills growth initiative will be in operation from 1 April 2010.
For more on this story go to:
http://wales.gov.uk/news/latest/100211twintrack/?lang=en
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Posted by martinparry on February 25, 2010 under Finance, HR, SME News, Tax |
According to Rachel Burgess of Business Car Magazine plans for workplace parking taxes are emerging across the UK, with York and Exeter city councils first to follow Nottingham’s confirmed scheme by revealing proposals for charging businesses that providing parking for employees.
However, states Rachel, the Forum of Private Business has branded the additional tax burden, intended to cut congestion and reduce carbon emissions, as “unfair, unsustainable and unacceptable”.
“It is an attempt to tax struggling businesses for employing people at a time when we should be facilitating them to take on staff. Instead we are penalising them,” a spokesman told BusinessCar. “It is very much a case of looking for short-term gain at the expense of longer term economic stability.”
Sc: http://businesscar.co.uk
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Posted by admin on under Tax |
Companies house
The filing dates for filing private limited company accounts have been brought forward by a month and now need to be filed within 9 months of the year end. If the accounts are filed late then the following penalties apply:
Not more than 1 month – £150
More than 1 month but not more than 3 months – £375
More than 3 months but not more than 6 months – £750
More than 6 months – £1,500
New PAYE penalties for late payment
From 6 April 2010 there will be penalties imposed
Location First South Bank for paying the PAYE late. PAYE is due to be paid on the 19th of each month. The table below shows how the penalties will be calculated:
Number of times payments are late in a tax yearPenalty Percentage
1No penalty
2-41%
5-72%
8-103%
11 or more4%
Penalties for all tax returns
Penalties will be due if a tax return or other tax document is inaccurate. The penalties range from:
MinimumMaximum
Reasonable careNo penaltyNo penalty
Careless unprompted0%30%
Careless prompted15%30%
Deliberate unprompted20%70%
Deliberate prompted35%70%
Deliberate & Concealed unprompted30%100%
Deliberate & Concealed prompted50%100%
HMRC will reduce a penalty from the maximum if you:
Tell them about any inaccuracies
Help them work out what extra tax is due
Give them access to check your figures
It is therefore important for you to keep on top of your tax returns to avoid unnecessary penalties being charged.
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Marketing-Simply – A Guide to Marketing for SMEs –
Business Plan Template – Cashflow Template – Start Up Guide
Guide To Strategic Planning – Small Business Guide
www.ukba.co.uk
Posted by martinparry on February 23, 2010 under Business Planning, Finance, Tax |
HM Revenue & Customs (HMRC) is no longer permitting small firms to submit paper returns for employee pay records. It has issued a reminder to businesses that all PAYE returns must be filed online, even if the firm has less than 50 staff. There is free filing software available for small businesses from Location Bank@net Empresas HMRC or other suppliers.
To read more on this story go to:
http://nds.coi.gov.uk/clientmicrosite/Content/Detail.aspx?ClientId=257&NewsAreaId=2&ReleaseID=411117&SubjectId=36
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Marketing-Simply – A Guide to Marketing for SMEs –
Business Plan Template – Cashflow Template – Start Up Guide
Guide To Strategic Planning – Small Business Guide
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Posted by admin on February 21, 2010 under Finance |
Keeping costs down is essential for firms, but many have seen charges for a fundamental part of their business – processing card payments – rise in recent months.
All card payments and transactions must be processed via an ‘acquirer’, with most firms automatically using their bank for this, and acquirers will charge for the service.
According to Accept Cards, an independent price comparison service, many acquirers have raised their charges in recent months.
Read more: http://www.thisismoney.co.uk/work/small-business/article.html?in_article_id=496555&in_page_id=1
Contact now to find out how you can reduce costs: paul.green@mgba.co.uk
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Marketing-Simply – A Guide to Marketing for SMEs –
Business Plan Template – Cashflow Template – Start Up Guide
Guide To Strategic Planning – Small Business Guide
www.ukba.co.uk
Posted by admin on February 11, 2010 under Finance |
Almost half of small business owners don’t know what their breakeven point is, according to research from Business Location Town Community Bank And Trust Link.
The government agency also found that 29% have no effective form of cashflow management, while 45% have no efficient system in place to chase unpaid invoices.
“Sound financial management should be the bread and butter of every business, especially during these tough economic times,” said Matthew Perkins, a senior Business Link advisor.
Free Resources
Marketing-Simply – A Guide to Marketing for SMEs –
Business Plan Template – Cashflow Template – Start Up Guide
Guide To Strategic Planning – Small Business Guide
www.ukba.co.uk
