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TAX
Beware Capital Allowance Claims
We have witnessed an explosion in the mass marketing of Capital Allowance Claims for commercial properties over the past 12 months; in fact every "Tom, Dick and Harry" appears to be offering this service, with some not appearing to know anything about the subject!
Q&As to de-mystify the process... click here 
Reasonable Excuse?
The harsher penalties imposed by HMRC for late tax returns can be
appealed if there is a "reasonable excuse". Reasonable excuse can
also be grounds for appeal in respect of late payment penalties,
failing to file online, or failing to notify chargeability on time.
However, as often is the case in tax, what may appear to be simple
words can be anything but!
Find out why... click here 
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"We are the UKs leading quality assured
association of independent chartered
accountants and lawyers, serving the
small and medium business sector."
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New Agency Worker Regulation (AWR) comes
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HMRC to check mortgage applications  |
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Businesses warned over employees' tax bills  |
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Mobile phones and tax charges  |
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Small increase in minimum wage rates  |
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FUNDING
Equity v Bank Finance
where will the pendulum stop?
The simple answer is that the pendulum will never stop, it will continue to swing from one side to the other. People claim that the banks aren't lending, and in the SME market there is evidence to that effect, but it is very simplistic to point a finger of damnation at the banks. For a clearer picture
click here 
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TAX
Using the home as your office
A director/company owner (as an employee) working from home is not able to claim the same fixed costs that a self-employed person may claim. "Fixed costs" is a term introduced by HMRC to cover items such as mortgage interest, council tax and insurance. It is possible for self employed people to claim a percentage of these in addition with additional costs such as consumables (e.g. light and heat).
Get the paperwork right... click here 
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BUSINESS
How to deal with an approach to
purchase your business
For the potential purchaser the unsolicited approach represents a great opportunity to secure a good business, for a reasonable price, without the extra transactional risk associated with a competitive bid - therefore although flattering to be approached, it is a more common occurrence than you might expect.
How to successfully deal with this...
click here 
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LAW
Disguised Remuneration and tax
The Government's efforts to counter tax avoidance have recently resulted in complex legislation in the area of remuneration and pensions, which will have wide-ranging effects.
Become aware... click here 
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UK200Group, 3 Wesley Hall, Queens Road, Aldershot GU11 3NP Tel 01252 401050 Fax 01252 350733
www.uk200group.co.uk
This e-newsletter has been prepared for general interest and it is important to obtain professional advice on specific issues. We believe the information contained in it to be correct. While all possible care is taken in the preparation of this e-newsletter, no responsibility for loss occasioned by any person acting or refraining from acting as a result of the material contained herein can be accepted by the UK200Group, or its member firms or the author.
UK200Group is an association of separate and independently owned and managed chartered accountants and lawyer firms. UK200Group does not provide client services and it does not accept responsibility or liability for the acts or omissions of its members. Likewise, the members of UK200Group are separate and independent legal entities, and as such each has no responsibility or liability for the acts or omissions of other members.
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