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Category Archives: Business Anecdotes
How to Pay Yourself
Tax rates change regularly, so it is wise to regularly check whether it will be cheaper for your company to pay a dividend rather than a salary. Recent changes mean that: The personal tax allowance has increased to £8,105 as have the … Continue reading
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New pensions legislation, is this the final nail in the coffin for small firms?
Small businesses reacted with anger to the announcement of a vast national pension scheme forcing firms with as little as two employees to contribute towards staff pensions, as early as 2012.. The coalition was applauded for pressing ahead with Labour … Continue reading
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Businesses reminded of looming VAT increase
There are now only two months remaining before the standard rate of VAT climbs from 17.5 per cent to 20 per cent, and VAT-registered businesses are being urged to ready themselves for the change. The increase was announced in June’s … Continue reading
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Government opens debate on corporate governance
Vince Cable, the Business Secretary, took the opportunity of his address to the CBI annual conference to launch a review of the way the UK companies are run. Announcing the review, entitled A Long Term Focus for Corporate Britain, Mr … Continue reading
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Call to reform IR35 rules
The government should act to change the rules governing the tax status of contractors, the Institute of Directors (IoD) has said. The call came in the IoD’s submission to the Office of Tax Simplification which has been briefed by the … Continue reading
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Government promises plans for growth
The government has outlined plans for £200 billion of investment in infrastructure projects in the UK as part of a strategy for economic growth and recovery. Addressing the CBI conference, the Prime Minister, David Cameron said that the national Infrastructure … Continue reading
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