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- Tax Saving Accountants
- 16 Sep 12
Is there too much regulation for small businesses?
The FSB have claimed that small businesses across the UK are suffering from too much regulation which prevents them from growing effectively, in addition to making hiring new staff harder. The organisation further claims that those who are already in employment are protected more than those who actively seek work along with millions of others […]
- Tax Saving Accountants
- 9 Sep 12
Debate: How much tax should the wealthiest pay?
It’s an age-old debate both here in the UK and across the Atlantic. With the Labour conference ongoing in Manchester – and Ed Miliband claiming that only the richest individuals benefited from the new 45p rate – there seems to be scepticism as to whether this tax break actually results in more revenue overall. Meanwhile, […]
- Tax Saving Accountants
- 31 Aug 12
Government needs to address raw material shortages
The business group, The Material Security Working Group (MSWG), which includes a wide range of members including Friends of the Earth and the manufacturers' organisation, EEF, has asked the Government to be more proactive over the raw material shortage that is threatening the UK. MSWG says that there are a number of reasons why the […]
- Tax Saving Accountants
- 24 Aug 12
So you think you can avoid the taxman…?
HMRC has saved the taxpayer an estimated £200m by taking three tax avoidance schemes to the courts – and winning all of its cases. The first case involved a scheme that addressed capital gains tax and which, according to HRMC, prevented around £90m finding its way to the treasury. The second case involved the directors […]
- Tax Saving Accountants
- 31 Jul 12
HMRC accused of making kids ‘spy’ on tax evaders
HM Revenue and Customs have announced that there is going to be a new initiative to help children understand about tax, and the significance it has on the community in which they live. However, there has been widespread controversy about the course after it was revealed that 11-year-olds would be asked to name and shame members […]
- Tax Saving Accountants
- 24 Jul 12
Credit restrictions on SMEs harming business growth
Despite the Royal Bank of Scotland and HSBC setting aside billions of pounds for business loans, the Office for National Statistics has confirmed that the current recession in the UK is caused by a lack of credit available to SMEs. With empty shops lining high streets, the number of firms going bust on the rise, […]
- Tax Saving Accountants
- 10 Jul 12
HMRC cracking down on tax avoiders
HM Revenue & Customs is beginning to crack down on missing tax returns for the years 2009-2010. Currently, HMRC is unable to predict how many people are involved with missing tax returns, but wants people who have previously kept quiet to come forward and avoid further financial penalties. If you are one of the many […]
- Tax Saving Accountants
- 28 Jun 12
Cautious optimism as unemployment falls
Unemployment figures show a drop of 51,000 to 2.61 million in the three months to April, which gives a jobless figure of 8.2%, according to the Office for National Statistics. The ONS also said that there has been a drop in unemployment figures across all age groups apart from those over 65, and the increase […]
- Tax Saving Accountants
- 20 Jun 12
HMRC clamping down on the rich and famous
HM Revenue and Customs is tired of being taken for a ride by those rich enough to exploit legal loopholes to avoid paying enough tax – and has decided to “take firm action.” Over a 1,000 people, including members of Take That and comedian, Jimmy Carr are suspected of using a variety of schemes such […]
- Tax Saving Accountants
- 14 Jun 12
Shadow Business Secretary wants companies to show us their tax bills
Shadow Business Secretary, Chuka Umunna has suggested that companies should be compelled to reveal their tax bills – and that it should be done in such a way that we don’t all need a degree in accountancy to understand them. Umunna’s proposals have come after the controversies of a number of large companies and their […]