Scopulus Business Newsletter - 19-06-08
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Dear Subscriber
In this issue:
- Tax tip
- Business tip
- Legal tip
- Legal news
- Articles watch
- Website updates
Tax Tip
If you send your children to a private school, read on. If you own the
business then even better, that's because the school fees can be a benefit in
kind. There are two categories;
1) The business has a contract with the school.
The school fees are paid by the business and the employee pays no PAYE or
national insurance. The employer will have to pay the employers national
insurance. It will also appear on your p11d.
2) The employee has a contract with the school
The school fees are paid by the business but the employee will have to only
pay the national insurance on the fees but no PAYE. It will appear on your p11d
and the employer will have to pay national insurance also.
Speak to your accountant first to get it right. Giving your children the best
just got cheaper.
Business Tip
Timing is everything. Get it wrong and not only can you lose out but at the
very least you may wasted your time and money. There is however some basic rules
that can help.
1) If you are calling abroad then check what time it is over there. You can
use this
tool. Just type in the city or point your mouse to the location. Calling
people five minutes after they should have left to go home and asking them to
create a new report for tomorrow will not go down well especially if its a
favour your asking and you could have easily rang them two hours earlier.
2) Follow the etiquette of the environment that you are calling. i.e. call
after 9:30 am if your inquiry is not urgent and you are calling an office staff.
This gives them time to settle in and get their bearing and they should be more
helpful.
3) Try imagining what situation the other person is in and think what will be
the best time to get the best results. i.e. if they are in meeting every Tuesday
afternoon then its a bit point less calling on a Tuesday afternoon.
You’re not always going to get it right but giving the matter a bit of
thought may help you get the right results.
Legal Tip
When you have a big order or contract and you have never dealt with the
business before or they do not have a great credit score then you can get the
directors of the company to sign a
director's guarantee letter. This will
secure payments and eliminate most of the risk.
Legal News
The Americans are planning the Orphan Works bill which will affect the rest
of the worlds copyright if it becomes law. The proposal is that if you do not
register any work that is copyright on a database in the USA then in effect it
up for grabs. See full article
here
Apparently there seems to be an over the top proposal to give the
Anti-Counterfeiting Trade Agreement (ACTA) an international organisation, the
power to search peoples laptops, ipod etc at airports to see if they have
breached copyright laws. Full story
here
Articles watch
The customer is king, or is that old hat now. Well happy customers are good
customers. Sometimes we forget the simple rules. How we deal with problems can
make or break us.
You Made a Mistake - Now I am Your Biggest Fan
We have all been concerned with house prices. The question looms, is this
good or bad? I guess it all depends how it affects you personally.
Should We Worry Over Falling House Prices
Website Update
Were still working on previously announced updates.
Kind Regards
The Scopulus Articles Team
Web www.Scopulus.co.uk
Email info@scopulus.co.uk
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links, etc. All from trusted experts in their field of expertise.
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