Here is a list of Grants availiable at March 2013. These are changing all the time, so this list is only a guide to what is avaliable, if you would like to discuss any of these with us, or if you need help in understanding the critieriea and form filling, please just contact us:
I have been looking at ways to get data into computers much faster and much more efficiently.
I have this APP on my phone called “RECEIPT CATCHER” it works really well and you can see for yourself here:
This is what people say to me:
“It’s all there, my receipts are all in the envelope, everything you need…” Yeah right…
Whilst a load of receipts in envelope or in a file is a start, and whether you need it for bookkeeping within your own business or claiming expenses from your employer there are two important steps you need to take:
You work from home; can you get any tax relief? The simple answer is YES.
The Inland Revenue will accept a reasonable estimate if it is for minor use such as writing up the business records at home. However, if you are using your home every day and have a dedicated room, give some thought to how you can justify the true cost, document your calculations and make sure you have discussed this with our accounts team to ensure you have maximised your claim.
Here are some examples…
In the latest round of Inland Revenue targeted initiatives, they are heading out to deal with business owners who are late submitting their VAT Returns.
If you are VAT registered you must take care to ensure your VAT Returns are submitted on time. The Inland Revenue web site for online filing is simple to use and available 24 hours a day. Read the full article »
Everyone in business, no matter how big or how small, has to keep some form of bookkeeping. The problem is, it’s like the washing up – it’s never finished!
Read the full article »
It is often part of human nature to leave the things we don’t like doing until the last possible moment in time. I suspect if you travel around any town or business park over the weekend or late in the evening through January, you will see many accounting firms with their lights on and a team of people working overtime to get the last of the Tax Returns completed and submitted by 31st January deadline.
I believe there are basically three generic areas in life that we all focus on, Relationships, Health and Money. However, a vital ingredient to the success of any of these three areas in our lives is in our own self-development.
Having a great attitude is something we must all learn to adopt as we go about our daily lives. At Prime Entry we have a large shiny dustbin by the front door, to dump our problems before we start work. It is there as a symbol to us all in the office that we must work as a team and adopt a great attitude towards are fellow colleagues and it also reminds the employee and employer to work on a good, no make that, a great attitude towards each other.
Read the full article »
Below are the answers to a few basic and common questions about the new Real Time Infomation scheme. The Inland Revenue have issued Employers Bulletin no 42 which is a useful guide to further your reading, Click here to read it.
I met up recently with Malcolm Scott-Walby of Scott Walby solicitors based in Poole, Dorset.
Scott Walby LLP Tel: 01202 311 112
I’ve met Malcolm on a number of networking events over the years. I find Malcolm’s approach to be very inspiring and we got to talking about staff and sub-contractors contracts of employment. Something I have to pay attention to employing my own staff.
There is often a fear expressed to me by clients of employing people, some say:
“they don’t do what you ask of them, they have a stinking attitude, turn up late, go early and cost you endless hastle and additional costs like pensions, sick pay etc etc…”
This may be true for many business owners, but often forgetting one thing. It is about attitude and expectations. If the staff and the employer both have a good attitude and know exactly what to expect of each other, then surely you have cracked most of the issues and for many who adopt the process you get happy efficient staff.
As an example, Malcolm sent me this case summary.
by Erica Wolfe-Murray, Lola Media Ltd
What does £3,500 buy you these days
- a well-travelled second hand car ?
- a decent holiday somewhere hot ?
- a reasonable sofa and armchair ?
And if I told you that, not only were you going to be given the said £3+ grand by the government, but that it could totally revolutionise your world – more than a car, holiday or sofa ever will – the likelihood is you wouldn’t believe me.
Do not avoid registering for VAT by artificially separating business activities. The current limit is £77,000 in any 12 month period.
If you run more than one business, the sales in all those businesses must normally be added together to determine whether or not you must register for VAT.
The whole purpose of the FRS allows businesses to simplify their VAT accounting by paying a flat rate percentage (lower than the VAT rate) on all their income in return for not claiming back the VAT on any purchase.
I was reading some statistics saying that 10.8 million days where lost to stress in 2010/11, which is twice as many as physical disorders such as back pain.
Read the full article »
This is a new PAYE procedure that is coming soon. The taxman will have us all believe that RTI (Real Time Information) is a system to make life simpler for employers. In reality its function is to clamp down on businesses that fail to pay their PAYE payments on time.
Read the full article »
We get bombarded with phone calls, emails and even postal sales pitches to claim back unfairly charged PPI insurance. There are lots of ways to do this free of charge and I always point people to Money Saving Expert Martin Lewis.
However, if you do make a claim, and I know several clients have done this already and got back some very sizable amounts. Are these taxable??
Read the full article »
New tax rules will force businesses to operate PAYE on fees paid to workers who provide their services through a limited company.
With the Olympic opening ceremony fast approaching and all the athletes ensuring they are fit and ready, prime entry is asking all its clients…
A warning has been issued by HMRC about possible fake or “phishing” emails sent out by fraudsters. The period in the run-up to the tax credits renewal deadline often sees an increase in such attacks.
Thinking of putting on a summer party for your staff? Most businesses have the occasional party or other function to reward staff and their families for good service. But how much VAT can you claim back?
A question we are often asked is: Can I claim back the VAT if I don’t have an invoice.
Normally, the VAT man expects you to obtain a purchase invoice from a supplier in order to recover the input tax you’ve been charged.
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