Experts in Business

Bank of England and Libor Rates

Following the recent 1.5% base rate cut by the Bank of England, the cost of inter-bank lending also decreased quite dramatically by falling over 1% to 4.49%. The LIBOR rate is the rate at which the banks lend to each other is related to the cost of mortgages to customers, and we are hoping that this [...]

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Shopping on the Internet

HMRC have updated their guidance on buying goods on the internet explaining when duty and / or VAT will need to be paid. The guidance has been updated in recognition that we are becoming increasingly global shoppers and may therefore benefit from some straightforward guidance. The information includes warnings that although you may think that a website [...]

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Entrepreneurs’ relief

The system of capital gains tax (CGT) for individuals and trustees changed radically from 6 April 2008. The changes included the abolition of taper relief and indexation allowance and the introduction of a single rate of CGT of 18%. In response to pressure from the business community the Chancellor introduced a new ‘Entrepreneurs’ Relief’ which has [...]

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‘Paper’ tax return deadline 31 October

This snippet of information will not make you an overnight success in business thats for sure, but one things for certain, not upsetting the Revenue will stand you in good stead for the future. HMRC have been reminding taxpayers to complete paper self assessment tax returns by the new deadline of 31 October 2008.  Well that deadline has now passed.  [...]

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Web design and the current economic climate

Depending on who you are speaking to, the effects of the “credit crunch” or the so called “recession” on many business people and businesses will vary hugely; in fact most likely from both ends of the spectrum. Some businesses are finding the current economic climate difficult; some choosing to batten down the hatches and brave out the [...]

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Key Person Insurance

One question I keep getting asked is “What actually is Key Person Insurance?” otherwise incorrectly (not politically correct of course) referred to as Key Man Insurance. One example of “Key person insurance” is a life insurance policy that is taken out by a company on one of their employees, usually one of significant importance, where the [...]

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