Scopulus Business Newsletter - 29/04/08
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We have decided to combine sending legal, tax and website updates with a
newsletter adding further to Scopulus.co.uk goals to add to your knowledge and supporting you in your business life.
In this issue we have a tax tip, legal tip, articles watch and website updates.
If you are a professional and pay fees or subscriptions to a professional body,
then you may qualify for tax relief. Speak to your accountant to see if you
qualify. If so the company can pay for them and it is completely tax free,
from PAYE and NIC to both you and the business. It will show up on your p11D but
if its tax free and if you normally get a p11D then it gives no concern.
Also if you own the business, your on a win win situation.
You can still get some tax relief if it does not qualify.
Again next time you speak to your accountant (or send them an email) let him/her
know the details and they will make sure it is done correctly to gain the
benefits and also they will tell you what precisely they would need.
When you have private sensitive talks with potential business
partners or consultants then you should have a Confidentiality
Agreement - Long signed before you talk. This will safeguard you
from them using the confidential information outside what has been agreed or for
their own private gain. This is especially important when dealing with anything
not in the public domain e.g trade secrets, licences etc. Add this to your
Articles - watch
Have you ever been curious how encryption works and what
types there is. Then this article is an eye opener.
Encryption and ISO27001
If you are in the buy to let business then have a read of
Taxation of Buy to Let Properties
We have decided to change the company formations section from being very old
school to a fully automated service. (This seems to be where the demand is).
This will happen in the next few months. We have not however decided yet whether
it is viable to have both systems.
The whole idea of the current system we have is that you get
an experienced qualified company secretary to form the company for you. He not
only checks the application for you for errors and foreseeable problems he also
confirms the details with you. This gives you a number of benefits the best
being that you now you have a contact that is a professional (once you have
ordered) who is very familiar with the companies acts and the relevant working
practices. If you have any queries in the future then you have a very
good person to help you.
You pay a bit more for this but at best with other services
you get to speak or can contact a customer service staff who will not be
qualified. Remember with current regulation you do not need to be qualified to
set up companies. We thought it was best to start off on the right foot. We know
we did. Get it right first time.
The new system will be fully automated for submissions and
payment. Both will be taken online. This is a cheaper and more efficient method.
The Scopulus Articles Team
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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About the Author
We have decided to combine sending updates with a newsletter adding further
to www.Scopulus.co.uk goals to add to
your knowledge and assistance you in your business life and acumen. To find out
more about our newsletter please click
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Article Published/Sorted/Amended on Scopulus 2008-05-01 20:44:49 in Newsletter