Official statistics have confirmed what we already knew last year, the UK economy is officially in recession. This has also fuelled speculation that the Bank of England could eventually reduce interest rates to zero.
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There are a number of common errors that occur when filling in a Company Tax Return form (CT600). In particular, check that:
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The Federation of Small Businesses (FSB) has called on the government to allow small firms to have a say over the proposed Business Rate Supplements Bill.
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Environmental issues are becoming important to all businesses as the amount and scope of environmental legislation increases. With stakeholders such as employees, customers, suppliers and investors taking environmental issues more into account in their decision making, there’s now every reason for seeing this as a business opportunity.
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New research reveals small businesses in the UK are devoting more than a sixth of their overall expenditure to meeting tax requirements.
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Unlike a traditional personal pension, a Self-Invested Personal Pension (SIPP) may offer for appropriate investor’s far greater flexibility in terms of the assets that can be held within its wrapper. A SIPP enables investors to spread investment risk across various asset options, but also to select investments that meet any specific requirements and financial objectives set.
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According to an association of accounting firms, SMEs are still struggling to access credit despite business secretary Lord Mandelson’s multi-billion package to unblock the credit market.
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In the current turbulent economic conditions, it is crucial that businesses police new customers and monitor the performance of existing ones to guard against the risk of bad debt.
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The number of companies thinking of shifting their tax base away from the UK has more than doubled since 2007, KPMG’s annual survey of tax competitiveness has found.
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Small businesses are increasingly seeking financial help from accountants rather than their bank on account of declining levels of customer service, the Forum of Private Business claims.
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