The Shrewsbury Accountants Blog – Taxassist Accountants in Sundorne

March 26, 2012

The Shrewsbury Accountant, Nigel from TaxAssist, shares some recent findings about how businesses use the internet

Filed under: limited company, owner-managed businesses, Shrewsbury, shropshire, small business, start-up, StartAssist — Tags: , , , , , , , , , , , , , — taxassistshrewsbury @ 11:43 am

Nearly one in four UK businesses doesn’t have a company website – and around a third of those firms have no plans to get one.

These are the principal conclusions of a new survey from The Made Simple Group, in association with Startups, Microsoft, Huddlebuy, Business 2012 and TaxAssist Accountants, exploring the online nous of Britain’s business community.

The survey also found that the cost of web development is a major deterrent for many firms; of those who admitted they don’t have a website, more than half cited money as a key concern.

Furthermore, the researchers discovered that only 8% of companies update their website more than once a day. Over one in six respondents said they don’t update their site at all.

The study was based on responses from over 2,000 businesses from across the UK.

For more information, check out this infographic on the findings.

Infographic

If you are looking for a stepping stone approach to getting on-line then please consider if our StartAssist programme can help.

http://www.startassist.co.uk/

July 1, 2011

News for local businesses from Nigel of TaxAssist Accountants in Shrewsbury

Filed under: accounting, owner-managed businesses, shropshire, small business, start-up, tax — Tags: , , , , , , , , , , , , , — taxassistshrewsbury @ 11:22 am

01743 366669

FREE
INITIAL CONSULTATION

 

Welcome
to the July edition of News for Small Business where this month our articles
highlight planned and recently implemented changes in tax legislation.

Small business owners looking to make every penny count can benefit from
being aware of the implications of red tape and the penalties in place -
check out our articles below to find out more.

In addition we have placed the latest HMRC ‘Grab for Cash’ campaign under the
spotlight to examine its potential significance to legitimate online
businesses and UK taxpayers alike…

HMRC launches
VAT consultation

The government has launched a consultation to examine how the EU VAT
cost-sharing exemption could work in the UK… read more

Limited
companies can now claim Class 1A NI refunds

Refunds of Class 1A National Insurance payments could be available to limited
companies following a recent move by the government… read more

PAYE penalties
set to be levied, expert warns

While launched in April 2010, HMRC’s new PAYE penalty system will soon see UK
businesses landed with late payment fines, one expert has warned… read more

Small businesses
miss tax return deadlines

Small firms in the UK are missing important tax return deadlines, it has been
reported… read more

HMRC Target Online Traders

 

HMRC
are continuing with their ‘Grab for Cash’ campaign, and have now turned
their attention to online traders.HMRC will be using state-of-the-art technology such as “web robots” to
search the internet and find focused information about specific individuals
and businesses.This new software will accelerate and revolutionise HMRC’s identification
of tax evasion but what will this mean for small businesses and UK
taxpayers?……..read
more

 

July 2011

ABOUT US

TaxAssist Accountants are the largest network of accountants
who focus their accountancy skills specifically on small businesses and
taxpayers in the UK.

OUR SERVICES

WHO WE HELP

As a network we look after over 36,000 clients
including.

Sole Traders

Partnerships

Limited Companies

Start up Business

Over 200 TaxAssist Accountants are located
across the UK offering local accountancy services to small business owners.

NEWS

For more news affecting small businesses, please
click below:

Tax News

Tax Tips

Questions & Answers

CONTACT US

01743 366669

FREE INITIAL CONSULTATION

Nigel Lomax

TaxAssist Accountants

1 Sundorne Avenue

Shrewsbury

Shropshire

SY1 4JW

 

www.taxassist.co.uk/nigellomax/

 

 

 

 

DISCLAIMER:
Advice shared in this newsletter is intended to inform rather than advise.
Taxpayer’s circumstances do vary and if you feel that the information
provided is beneficial it is important that you contact us before
implementation. If you take, or do not take action as a result of reading
this newsletter, before receiving our written endorsement, we will accept
no responsibility for any financial loss incurred.

 

01743 366669

FREE
INITIAL CONSULTATION

©2011 TaxAssist Accountants. All Rights Reserved.

April 11, 2011

An interesting VAT question answered by Nigel Lomax of TaxAssist Accountants in Shrewsbury

Filed under: accounting, shropshire, start-up, VAT — Tags: , , , , , , , , — taxassistshrewsbury @ 12:15 pm

Here is an interesting recent question:

Q: I am about to complete my VAT return for the quarter ended 31 March, and I fear that my turnover has crept to over £1.35m- which is the threshold for cash accounting for VAT. Despite best efforts, my customers are taking longer and longer to pay, so the VAT on my debtors is about £40k on average.

If I have to pay the VAT liability on an accruals basis, the bank account would exceed its overdraft limit and I’ve only just had a review so I don’t think we’d get an extension. Is there anything we can do?

A: When you leave the cash accounting scheme, you may choose either to:

  • account for all your outstanding VAT due in the period in which you stop using the scheme. This may be simpler but could have a serious effect on your cash flow if the amounts of the VAT on your debtors is high
  • or opt for a further six months in which to account for the outstanding VAT.

Please note that you cannot opt for a further six months in which to account for the outstanding VAT if:

  • HMRC has withdrawn use of the scheme from you, or
  • the value of your taxable supplies has exceeded £1,600,000 and the value of your supplies made in the previous three months totalled more than £1,350,000

 

March 10, 2011

Free seminar with Nigel Lomax of TaxAssist Accountants in Shrewsbury

Filed under: accounting, shropshire, small business, start-up, tax savings — Tags: , , , , , , , , — taxassistshrewsbury @ 1:53 pm

Grow your Team’s Performance and Profitability

Start:
Wednesday, 23rd March 2011 at 3pm (finishes at 5.30pm)
Venue:
Greenhous Meadow Stadium
Address:
Oteley Road, Shrewsbury, Shropshire, United Kingdom, SY2 6ST

Research shows that more than 40 per cent of managers feel their staff do not have the right capabilities to fulfil their 2011 business objectives.

Is your team letting you down?  And what can you do to improve the effectiveness of your team?

Three of Shrewsbury’s leading business advisers join together to invite you to a very important
seminar for business owners.

In this thought provoking seminar Build your Team’s Performance and Profitability we will demonstrate what you can do to build an award winning team, and we will provide you with some top business advice that you can implement into your business right away.

Building a more profitable team

Your team can be a massive drain on your business, or they can help you meet your objectives and improve your profitability. Gaynor Gravestock of Synergy & Strategy will present some useful techniques to ensure you work smarter, not harder to build a top class team and get the best from your most valuable asset .

Maximising team performance

Leading you through the legal minefield of managing your team Paul Bennett of Bennett’s Legal will advise on effective delegation, top tips for having difficult conversations with employees, managing performance issues and Employment Tribunals.

Rewarding your team tax effectively

Recognising that salary isn’t the only way to reward your team, Nigel Lomax of TaxAssist Accountants will explain how to provide tax efficient incentives and ways of rewarding staff, as well as keeping you up to date with new  accounting and taxation legislation.

Don’t miss this very valuable business seminar.  Space is limited, so don’t delay in reserving your place.

March 3, 2011

Shropshire Business Expo Seminar Details – 17th March, 2011

Filed under: accounting, shropshire, small business, start-up, StartAssist — Tags: , , , , , , , — taxassistshrewsbury @ 5:00 pm

Here are some more details about my presentation with Gaynor Gravestock of Synergy and Strategy at Shropshire Business Expo on Thursday, 17th March, 2011 from 11.30 to 12.15.

How to succeed in business presentation at Business Expo

March 1, 2011

Nigel from TaxAssist in Shrewsbury gives some information about the New Enterprise Allowance

Filed under: shropshire, small business, start-up, StartAssist — Tags: , , , , , , , — taxassistshrewsbury @ 1:06 pm

On 5 October, 2011 the Secretary of State announced that the Government will give extra help to unemployed people who want to start their own business through the New Enterprise Allowance (NEA).

The Allowance will be available to Jobseekers Allowance (JSA) customers who have been claiming JSA for more than 6 months.

Customers will get access to a business mentor who will provide guidance and support as they develop their business idea and through the early stages of trading. Once a customer can demonstrate they have a viable business proposition with growth potential they will be able to claim financial support which will consist of a weekly allowance payable at a level broadly equivalent to their JSA payments for 3 months, and then at half that rate for a further 3 months. And if they need start-up capital, they may also be able to access a loan up to £1,000 to help with their start-up costs.

The total package of support could be worth around £2,000 to each unemployed person who wants to start their own business.

The Department of Work and Pensiosn are now trailblazing the NEA in Merseyside before rolling out into the remaining target areas from April and then nationally from autumn this year.

More details can be found on the web-site below, which also includes information about Enterprise Clubs.

http://www.dwp.gov.uk/adviser/updates/new-enterprise-allowance/

February 28, 2011

Nigel from TaxAssist in Shrewsbury is presenting at Shropshire Business Expo

Filed under: accounting, shropshire, small business, start-up, StartAssist, tax — Tags: , , , , , , — taxassistshrewsbury @ 1:13 pm

I will be presenting at Business Expo 2011 at the Telford Whitehouse Hotel on Thursday, 17th March, 2011. Full details are in the PDF below.

It would be great to see you there.

 

Expo2011

January 24, 2011

Free “StartAssist” seminar for new businesses

Filed under: accounting, shropshire, small business, start-up, StartAssist — Tags: , , , , , , , — taxassistshrewsbury @ 5:12 pm

As promised, I am pleased to give some more details about our StartAssist programme for new businesses. There is a free initial seminar which will be held on Wednesday, 16th February 2011 between 2pm and 5pm at  The Rural Enterprise Centre, Battlefield Enterprise Park, Shrewsbury, Shropshire, United Kingdom, SY1 3FE

This seminar is for owners of new businesses that are less than a year old. Please feel free to pass this information on to other friends and business contacts who might benefit

This is a must attend event for anyone who wants to understand how to run their business successfully and take a serious approach to  business and growth.

At this FREE SEMINAR you will learn some key business tips that you can implement into your business right away, covering the following areas:

* Getting your finances right

* Funding your business growth

* Growing your business

You will also learn more about the new StartAssist Programme developed in association with Gaynor Gravestock of Synergy and Strategy in Shrewsbury.  StartAssist will provide you with the tools you need to run your business effectively and profitably by working smarter, not harder.  The StartAssist programme will cover the business from starting out, generating the right level and quality of enquiries (marketing), converting the enquiries into sales, managing your capacity as the business grows, how to build an effective team (in-house or outsourced), managing your finances, and managing the business.  Come along to this FREE event to learn more.

This event is presented in association with Gaynor Gravestock of Synergy and Strategy Limited http://www.synergyandstrategy.co.uk/and Alita Finch of Lloyds TSB Shrewsbury.

Please book your place by emailing or calling us.  Places are limited so an early response will avoid any disappointment.

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