Scopulus Business Newsletter - 15-07-09
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Dear Subscriber
In
this issue we have:
-
Briefing
-
Tax Tip
-
Tax News
-
Business tip
-
Legal Tip
-
Legal News
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Articles - watch
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Website Update
90% of BA pilots have accepted a 2.6% pay cut. This is
after the earlier news that the company asked its entire staff for volunteers to
take unpaid leave or work for nothing for a month.
Unbelievable some might say, (especially if you are a tube
driver). Is it reasonable for the company to make such a request?
In most cases the answer is no. But if the company
fails in the next six months to a year, all those people will be unemployed and
may suffer for a long time at that point they may ask themselves if things
would have been different if they had accepted such an offer.
We are not in easy times and losing a months salary
will not be easy for most staff. However, what choice do you have? Is there an
alternative method? Is management just getting it wrong? Is there an
alternative? There are no easy answers to these questions, but if a sacrifice
now secures their employment especially in these hard times then it has to be a
consideration. This is not an easy
decision by
any stretch of the imagination.
Tax
Tip
If you are feeling healthy, there are
tax incentives for you and your employees. Get the business to buy bicycles, related
safety equipment, and its tax free to the employees as long as it is used to get to
and from work. If you have "cycle to work days", you can get a free breakfast
also from the business. That is a bike, safety equipment and breakfast all tax free.
Speak to your accountant before implementing.
Tax News
A new notice on the taxation of
gold coins has been issued. If you have some hidden under the mattress then read
this.
Reference Notice 701/21A
A new Double Taxation Arrangement
(DTA) between the governments of the United Kingdom and the Cayman Islands was
signed in London on 15 June 2009
You
can get email alerts for the rest of the tax year to remind you of the
tax deadlines that apply to you. UK
Tax Calendar
Business
Tip
Most business websites are used for branding, selling or
providing information. Is it worth the investment to do all three? Well if you
have a website and you are using it for only one of the three, will you profit
from doing something else. Set aside a budget and see what happens. Legal
Tip
Business is about relationships, image and supply and demand.
The more partners you have the more the risk is spread and another's experience
resources and expertise can add in many ways. There is two main methods of
collaborating with others in business.
1)
Joint venture and
2)
Partnerships.
Do not forget to get the correct paper work or you could
stuff up the whole business before it starts. Why? There are many reasons the
main two are: If it not in writing there is no legal evidence. If you have an
agreement then you would have agreed most of the topics that are important to
you.
Legal
News
The Company Officers (Disqualification) Act 2009 is now in effect in the Isle
of Man.
Read more here
NHS patients given right to delete electronic record under the Data
Protection Act in certain circumstances..
Read more here
Data Protection notification fees increases to
£500 from October for large organisations.
Read more here
Articles
- watch
Website
Update
We
have added a widget to increase and decrease font size in the articles
section as this is a reference area. We have also added it to the accessibility
page as this is the most useful page. This will help you to
get the size just right for you.
Kind Regards
The Scopulus Articles Team
Web www.Scopulus.co.uk
Email info@scopulus.co.uk
Online
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Accounting software, Books, Business jargon explained, Tax, Articles,
Government links, etc. All from trusted experts in their field of
expertise.
About the Author
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