Archive for the BizBlog Guest Category
Guest Blogger: Lauren Fox on Top 10 Mobile Phones
The average businessperson would rather have a leg amputated than lose their essential mobile phone for just an hour. That`s no surprise considering the leaps and bounds mobiles have taken in technological advancement over the last few years, turning themselves into pocket PCs rather than simple communication devices. We’ve checked out the top 10 business phones du jour to help make choosing one much easier:
February 9, 2009
Posted by: Kerry
Categories: BizBlog Guest, Bizpro news, Uncategorized
Tags: accountant, Bizpro, business payment support scheme, hmrc interest rates reduced, paperless, Small business update, vat return, virtual assistant
SMALL BUSINESS UPDATE
by guest blogger Phil Hendy of Moore Stephens Chartered Accountants.
THE END OF PAPER VAT RETURNS?
HMRC’s VAT Notes 4 warn that the phasing out of paper VAT returns starts in just over a year from now. From April 2010 all businesses with annual VAT exclusive turnover will have to file their VAT returns online, and any business registering for VAT will move straight to electronic returns. Businesses making their returns online will also have to pay their VAT by direct debit, but this facility allows extra time for payment, so that the VAT is not paid until at least the 10th of the following month.
HMRC’s VAT Notes 4 warn that the phasing out of paper VAT returns starts in just over a year from now. From April 2010 all businesses with annual VAT exclusive turnover will have to file their VAT returns online, and any business registering for VAT will move straight to electronic returns. Businesses making their returns online will also have to pay their VAT by direct debit, but this facility allows extra time for payment, so that the VAT is not paid until at least the 10th of the following month.
November 26, 2008
Posted by: Kerry
Categories: BizBlog Guest, General, Money
Tags: BizBlog, Bizpro, Budget, Money, Moore Stephens Chartered Accountants, Small Business, VAT
The Budget – How will it affect small businesses?
There seems to be one word on everyone’s lips at the moment; Budget. It’s something that affects us all, and this year we’ve been waiting with baited breath amid all the speculation, so here’s what BizBlog’s guest blogger, Phil Hendy of Moore Stephens Chartered Accountants based in Malmesbury has to say about it:
Chancellor Alistair Darling presented his Pre-Budget report on Monday 24 November 2008. As anticipated there was a concentrated effort to introduce measures to protect and support businesses through the difficult and challenging economic climate. The measures are also intended to help individuals and those on lower incomes. So, what are the main changes that affect small business in the short term?
- Reduction in the rate of VAT from 17.5% to 15%. This is effective from 1 December 2008 and will revert on 1 January 2010.
- Personal tax allowance to increase to £6,475 for the 2009/10 year.
- Deferral of increase in lower rate of Corporation tax. Therefore the rate will remain at 21%.
- Trading losses will now be able to carry back losses of up to £50k for three years.
- The capital allowance regime on cars costing over £12k will be based on CO2 emissions from April 2009.
