Last August Stoke On Trent council announced that the budget cuts they have planned for the coming year, 2012, are in fact equal to the amount owed in unpaid council tax. The figures from Stoke Tax Accountants and the local council show that they have already made cuts cuts accounting to about £10m, but with more than [...]
Key economies and markets with the lack of access to capital will make 2012 a very difficult year for the majority of north west manufacturers, say the Manchester office of accountants and business advisers BDO. However, the firm said government initiatives to promote innovation and export opportunities in emerging markets provide some rays of hope. [...]
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Charles Dunstone of CarPhoneWarehouse has written an article for James Hurley’s Telegraph Business Club entitled ‘Don’t listen to the experts’ suggesting that entrepreneurs should not listen to management consultants in the main, and goes on to suggest that small might be beautiful. Well, small may not be necessarily beautiful. It perhaps might be in terms of [...]
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UK Card Merchant Services – how do they compare? I am not going to offer bland pseudo recommendations about leading UK Card Merchant Services, but something much more valuable – real experience. It is a commercial minefield. Just make sure it does become a door to a commercial graveyard. Hiring a business consultant on a [...]
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North London Accountants Comment On Oil-Tax Rise Some of the UK’s most prestigious accounting bodies have commented on the recent announcement on North Sea Oil Tax saying it could damage the industry in the UK. Chancellor George Osborne announced a 12% increase in tax in March as part of the governments bid to ensure [...]
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Fashion retailer Next have announced that they will be raising sales guidance after anticipated figures were beaten easily. The firm which has over 500 stores nationwide revealed that sales figures rose over 5% compared to the anticipated 0.5%. Despite this announcement the company have remained cautious over the outlook for the rest of 2011 as [...]
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A North East company who promote the industry in the area have attacked the government’s StartUp Britain campaign for not supporting UK developers. The initiative aims to encourage new business as part of the economic recovery, but Sunderland Software City has claimed that 79% of online business tools available for start ups are actually developed [...]
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In his ft.com management article “I’ve taken bribes and I would do it again.” Andrew Hill details what hoops he has had to jump to get a story, which included rubbing shoulders with Silvio Berlusconi in the tribuna d’onore at Milan’s San Siro stadium as well as listening to Robert Maxwell’s on his yacht (no quick escape) to hear [...]
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For calories and cancer many business people try their best to keep their calorie intake down as much as possible to keep healthy. A lot of executives and professionals view calories as fat and you must burn calories in order to loose weight. A view that is widely believed to be incorrect. A calorie is simply a unit [...]
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Is the Government realistic to place so much importance on UK Economy’s growth on promising manufacturing data showing improvement. The Telegraph – UK Manufacturing sector has posted its most robust success in performance for 16 years, in December 2010. Philip Aldrick, telegraph journalist and online economics editor reports that UK Manufacturing output in December 2010 [...]
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The website optimisation and search engine specialists panel Carolyn Shelby- Christine Churchill – Derrick Wheeler speaking at Pub Con Christine Churchill started with netmechanic sold out and now runs Key Relevance (Dallas) Derrick Wheeler has a career in Internet Marketing startups. First site analysis www.accountantnow.co.uk Anchor text overkill for Accountant – should optimise for Brand [...]
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Telegraph Finance says Fathom Consulting report warns of threat of tipping UK economy into Japan-style economic frozen wasteland. Fathom Consulting offer the main solution of another phase of quantitative easing (QE) . However, what is still unclear to me is what Fathom Consulting view as the likely impact of such action. What would the real [...]
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The head of Barclays’ head of small business unit Steve Cooper has said that the bank will not be joining any government schemes that set targets for small business lending, in fact they will “refuse”. Mr Cooper told the Financial Times that he felt any targets implemented would result in a repeat of the [...]
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Police in South Korea have raided the headquarters of Google based in Seoul. Police believed that the corporation was collecting and storing data from internet users that have been using Wi-Fi networks. Google recently admitted that its ‘Street View’ cars had been collecting information from unencrypted Wi-Fi networks but later called this a “mistake". Despite [...]
The administrators of Portsmouth FC have today revealed that they will face no more challenges from HMRC in regards to the company voluntary agreement (CVA) that has been agreed upon. A spokesperson for HMRC confirmed this announcement adding that they were ‘disappointed’ with the courts decision but would not be appealing and had no intention [...]
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Civil Service Unions have said that all the measures being put forward against Civil Service pensions are useless as they believe that they are affordable. The government is currently renewing all public service pension schemes in a bid to try and find a way to make them more affordable to the taxpayer. But unions say [...]
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3 has beaten 02 in the bid to create the affinity partnership with the Institute of Chartered Accountants in England and Wales (ICAEW). The deal will allow the 100,000 members of the ICAEW to get 3 business packages at a discounted rate. The institute have said that 3’s innovative proposition won them the contract and [...]
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As looked at in an earlier blog HSBC announced massive profits for the first quarter yesterday and today is the turn of Lloyds. The bank which is owned by the UK tax payer has logged profits of around £1.6bn which is up massively on the loss of £4bn for the same period last [...]
HSBC the UK’s biggest bank has today announced that it has made pre-tax profits of around £7bn. The bank also reported that they were profitable in every other other region in the World except North America where they saw a loss of around $80m. The rise in profits in the UK is up around 26% [...]
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BP have revealed that they are chasing a tax credit of around $9.7 billion (£6.3bn). The oil giants who have recently found themselves having to pay out billions as a result of the Gulf of Mexico spill and are now hoping to reclaim some of that amount from the US government. A income [...]
Accountancy firm Upton & Co have been told they must pay back over £4 million to investors after it was discovered they have been running unauthorised schemes. The firm were running a program know as a ‘collective currency scheme’, this allowed investors to pool monies and invest in foreign exchange markets. However the [...]
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Orange and T-Mobile completed their merger today as both companies started work in the same offices. The company now called ‘Everything Everywhere’ will run alongside both companies current brands but will make the company the biggest communication company in the UK with over 30 million customers and a 37% market share. The original merger took [...]
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Bob Humphreys recently left practice accountancy and made the move into the charity sector and says that HMRC don’t think when applying criteria to charities. Upon leaving his practice firm PwC he described his time as “fantastic” but also felt that it was all “relatively one dimensional” as he was never the one on the [...]
Accountants Clients Should Benefit From Legal Clients Privilege The Institute Of Chartered Accountants (ICAEW) has demanded that Tax advice from accountants be kept confidential, as it for tax advice from solicitors. The ICAEW were appearing in court to argue the case for legal privileges, Charles Flint QC, representing ICAEW said: “You can’t distinguish between the [...]
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The UK financial watchdog has announced that it is planning to introduce a system that will require all mortgage applicants to provide detailed proof of their income before any lending can be authorised. The Financial Services Authority (FSA) is trying to prevent people from being able to borrow by just writing down how much they [...]