Posted by martinparry on June 15, 2010 under Banks, Business Planning, Finance, Loans, SME News, Tax | 
| Indicator |
Value |
Change on week |
Change on month |
Change on year |
|
|
|
|
|
| FTSE 100 |
5103.44 |
+ 11.37 |
- 283.96 |
+ 664.84 |
| £ against US |
1.44 |
0.01 |
- 0.08 |
- 0.15 |
| £ against € |
1.20 |
+ 0.03 |
+ 0.03 |
+ 0.06 |
| UK inflation |
3.7% |
none |
+ 0.3% |
+ 1.4% |
| UK interest rates |
0.5% |
none |
Location West Coast Bank width=”22%”>none |
none |
* Figures are as at midday on 7 June 2010
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
Posted by martinparry on June 13, 2010 under Business Planning, Finance, SME News, Start Ups, Tax |
The Government has hinted that it may be about to climb down over its proposed increase to Capital Gains Tax (CGT) from 18% to 40%. Work and Pensions Secretary Iain Duncan Smith told the BBC that no definite plan had been decided. He said Chancellor George Osborne had discussed exemptions so as not to “harm entrepreneurs”. Deputy Prime Minister Nick Clegg added a few days later that homeowners may be protected by exempting Location Wayne Savings Community Bank financial gains made as a result of inflation. To read more on this story go to: http://news.bbc.co.uk/1/hi/uk_politics/8713538.stm and: http://www.dailymail.co.uk/news/article-1283427/Clegg-hints-capital-gains-tax-climbdown-insists-options-discussed.html?ito=feeds-newsxml
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
Posted by martinparry on June 10, 2010 under Banks, Business Planning, Finance, SME News, Tax |
levy on banks may raise the cost of borrowing for some consumers. The levy on the banks may ultimately be paid for by the borrowers. There is also potential for an impact on inflation in the short term. On a global scale, the G20 want a blueprint for changes to global banking rules by the end of this year although implementation may be delayed. Rules surrounding capital and liquidity may be an alternative to a banking tax but plans for banks to have increased cash reserves by 2012 could lead to further bank lending cuts as the banks would need to raise fresh capital in a short amount of time. From our personal experience small businesses are currently finding it pretty tough to obtain the funds they need from banks. Hopefully a solution will be found that will avoid theneed for an additional tightening on lending and the consumer ultimately paying the price.
Sc: www.wallacestein.com
Sc: www.ukba.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 martinparry on June 1, 2010 under Banks, Business Planning, Finance, Marketing, Operations, Sales, SME News, Tax |
Two pieces of good news for business at last. Firstly, UK gross domestic product (GDP) has been revised upwards for the first quarter of 2010, according to the latest figures from the Office for National Statistics (ONS). The economy grew by 0.3% compared to the previous quarter, which has been revised upwards from the original estimate of 0.2%. The growth in the economy has been driven by the manufacturing industry. High industrial output boosted the economic growth, but some economists warn that Government spending cuts and the eurozone debt crisis could affect sustained growth.
Secondly, the level of business investment in the UK rose by 6% during the first quarter of 2010 compared to the previous quarter, according to figures from ONS. However, the level of business investment is still 11% lower compared to the same period a year ago. The rise in business investment is due to increased capital spending by private sector, non-manufacturing industries.
To read more on this story go to:
http://www.statistics.gov
http://www.statistics.gov.uk/pdfdir/oie0510.pdf
http://www.independent.co.uk/news/business/news/
manufacturing-pushes-up-economic-growth-1982837.html
compiled by www.ukba.co.uk www.mgba.co.uk
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
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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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 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.
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
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
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
