Scopulus Business Newsletter - 20-05-08
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Dear Subscriber
In this issue we have a 10% off discount code
and:
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Tax news
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Tax tip
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Business tip
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Legal News
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Articles - watch
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Website updates
Tax News
"Unbelievable! Unprecedented! What's going on? Do they know
what they are doing?" These have been some of the comments over the last few
days since this government has decided to change the tax rates for the fiscal
year, and change them back a month after the fact.
The good news is that it does not affect many people that
would subscribe to this email financially but it does increase someone's
workload.
BUT IT IS A BIG DEAL - WHY? I was watching newsnight the
other day and one person in the audience said that he earns £10k a year working
full time. He said my tax bill has in effect nearly DOUBLED with the change to
20% from 10%.
Now if the chancellor changed the 20% tax bracket to 40% he
would be unemployed and revolution will breakout. There will really have to be a
good reason to do so; I mean a REALLY GOOD reason.
With the economy being in the state it is and with low
confidence and the tightening of belts we hope the government can take charge
and steer things in the right direction. Making a mistake on this level does not
give confidence. Correcting them is a good thing but it is also admitting that
they did not get the sums right and that the reasons for removing the tax
bracket were not sound. Not knowing what they were doing and not being able to
do the math's does not build confidence. The decision is yours.
Article
in the Guardian about winners and losers of the tax cut.
Tax Tip
Expenses seem to be a hit and miss affair for many people,
but by following a few simple rules, you should have no problems.
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Agree with your accountant what you can and cannot claim for tax purposes.
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Decide on a policy for yourself and one for your staff, on what you are
prepared to authorise.
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Get a separate or company credit card for this purpose if it is a regular
thing. That way the statement is the audit trail (a record).
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Keep a separate section in your wallet or purse for the receipts.
This way you know what to clam, you have a record, and you
have the receipts. This will keep you, your accountant, and the taxman happy.
Business Tip
Have you got a To
Do List ? In an effort towards getting ourselves organised this method is
used by many people as it can make the procedure less taxing. How so? well you
decide what needs to be done and then list them down. Then you just go through
the list. While you
are doing that if you need to change or add to the list you can.
This stops you having to constantly keep trying to figure out what needs to be
done after you have completed one of the tasks and also helps you not to forget
to do any of the tasks. Try ours
To Do List , it
saves hundreds of post its notes all over your computer, and we use it!
Legal News
Breaches of the Data Protection Act now
have new consequences. The Criminal Justice and Immigration Act has
received Royal Assent on the 8th of May creating tough new measures for the
Information Commissioner’s Office or (ICO). It gives the commission more power
to give larger fines to organisations and businesses that do not comply with
current legislation. If you don't have a data protection policy then you can get
one
here.
Information Commissioner’s Office summary
Criminal Justice and Immigration Act
summary
Articles - watch
Copyright is always going to be a problem especially if you
have a website. We all know how to put up a copyright notice but what happens
when it is ignored.
Copyright
Breaches
Securing Your Computers Information is always important and
here you can get some good insight on how all types of organisation do it from
the experts. >
Securing Your Computers Information >
Website Update
We have commissioned some new additional free documents that will come with some
of the legal documents. These (when completed) will be added to the packages on
the website and all those who previously purchased any of the documents
concerned will be sent them free of charge automatically. We will keep you
informed.>
Discounts
Were giving away 10% off all the legal documents until
Friday midday. Put the discount code (need to sign up for
newsletter for discounts) in the checkout invoice page and it will take
10% off the bill before you pay.
There is no need to delay buying that
document. You have until
Friday midday.
Kind Regards
The Scopulus Articles Team
Web www.Scopulus.co.uk
Email info@scopulus.co.uk
Online Business Resources, News Portal, Company Formation, Legal Documents,
Accounting software, Books, Business jargon explained, Tax, Articles, Government
links, etc. All from trusted experts in their field of expertise.
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