Shall I Register for
VAT or Not?
Flat-rate VAT registration for small business can bring additional savings if you meet the following three conditions: 1. You supply your services to Business Customers that are VAT registered; 2. You don't buy VAT services, but for a few like accounting charges; 3. Your Turnover does not exceed £150,000. If you meet all three categories then contact us today on info@dnsassociates.co.ukto check the amount of VAT you can save each year. Freelance and self-employed contractors should meet the above criteria and therefore should contact us NOW to not miss this exceptional money saving opportunity.
If you supply services to customers that are not VAT registered your services may become expensive if your register yourself for VAT and you might end up losing competitive advantage. By law you must register your business if your turnover exceeds £67,000.
In summary, if your turnover exceeds £67,000 then you MUST register for VAT. If you earn less then £67,000, you are not obliged to register but there could be advantages. Call DNS NOW for a free no-obligation assessment.
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Write off your Card
Balances NOW
If you have a credit card Balance, or several balances of more than £5000 outstanding and the card was issued before April 2007, you may be eligible to get your debt written off completely.
Unbelievable but true! We will not charge you for this service. Contact benny@dnsconsultancy.com NOW to check if you are eligible.
Opportunities like this rarely come about; this one is available only for short period of time. So ACT TODAY!
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Greetings!
With all 2007-2008 tax returns filed at last, it's time to put all our resources and energies; our full focus and expertise to work, for you, our clients. On your behalf, DNS will take every opportunity to save you tax; seize every chance to help you grow your wealth; leave no loophole or area unexplored that might win you back some money from the government. We vow never to incur you any penalties as we appreciate businesses and the working population as a whole are already suffering enough.
We have seen a significant drop in contracting activity over the past three months. We wish we could tell you when this downturn will stop but we can't. The government has tried to curb the plummeting economy but has been unable to restore confidence and stability to the ailing UK financial markets. Interest rates will probably fall further over the next three months and banks will be under even more pressure to lend money to small businesses and households.
In this newsletter we offer you many ways to save money and win back some of your hard-earned cash from the government; we can suggest how you can grow your wealth: with sound financial planning. Use this month's newsletter as your checklist to ensure you are taking all precautions to weather the financial storm ahead |
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Flexible Payment Plans for our Valued Clients
Is cash-flow a challenge? Are you having difficulties paying your tax liability: VAT, PAYE, Self Assessment or Corporation Tax? Contact us NOW to organise a flexible payment plan for up to six months. By reducing pressure on cash-flow, DNS can help you to manage the tough times ahead.
DNS is delighted to help all our clients at no additional cost as we believe that your success is ours. If you are not currently a client and want to take advantage of our flexible payment plan, please contact us NOW on info@dnsassociats.co.uk or call 0208 9036330 and speak to one of our Tax Advisors.
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Tax Credits - Check if you are eligible NOW
In the current economic recession, there may well be an opportunity for you to receive back money from the government in the form of tax credits. Tax credits are paid out by the government to families with children under the age of 20 on lower incomes. Download our tax credits form NOW on http://www.dnsassociates.co.uk/resources.asp. Email your completed form to Shahab Ahmed at DNS shahab.ahmed@dnsassociates.co.uk and he will be in touch to confirm your eligibility and give an indication of how much money you can expect. Don't miss this opportunity.
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Don't Delay File Today
Beware of Increased penalties imposed for Late - Filing of Annual Accounts
As of 1 February 2009, the late-filing penalty system will change. Filing deadlines for annual accounts at Company's House have been reduced from 10 months after the year end, to NINE months for a year-end after 6 April 2008.
Directors are responsible for ensuring that the company's annual return and accounts are filed with Company's House on time. Directors and designated members risk a criminal record, a fine or disqualification for non-compliance; worse still, if you fail to file your company's documents, your company can be removed from the register. If accounts are delivered late, even by a day, the company will automatically receive a late-filing penalty. The amount depends on how late the documents are received and accepted. For late-filing penalties incurred from 1st February 2009, the new penalties are as follows:
Up to one month late - £150.00
More than one month late but no more than 3 months late £375.00
More than three months late but no more than six months late £750.00
More than six months late £1,500
Hefty fines in a climate where we are all under pressure. Ensure you are not fined and ACT TODAY if you think your accounts might be delayed. If your year-end is May 2008 or earlier, your deadline for filing at Company's house is 28 February 2009. Contact us NOW if you are at all concerned that you are behind with submitting your accounts and we will give you top priority.
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Don't Gamble,Assess, Plan and reinvest
Last week I missed the chance to make £2000. I could have invested in Barclays and would have made a tidy profit. I missed the call from the Barclays team and lost the opportunity. I had the money available sitting in bank doing nothing.
Many of us (even the smartest of traders) can relate to this feeling. But do you think this is financial planning? No, in our books it is closer to short term betting.
Long term financial planning, on the other hand, requires strategic thought and very careful handling to ensure wealth and stability. In the current financial climate the key is to survive, and to do this we need to protect and grow whatever we have, wisely.
To this end we at DNS we are collaborating with the James Antoniou Practice. They are specialists in Personal and Corporate Financial Planning which incorporates Investment planning, Retirement planning, Wealth management, Mortgages (Personal and commercial) Insurances and much more.
In collaboration with James Antoniou, DNS are offering a series of FREE Seminars on financial planning and investment. The seminars will be hosted at James Antoniou's offices on 18 March 2009.
If you are interested in protecting and growing your money wisely, don not miss these FREE seminars. Availability is limited to 10 people per event so Book NOW.
Telephone 02089036330 NOW to book your place.
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Apologies for the length of this newsletter, but we are sure that if you take note and act on some or all this information you will be a bit better off. We still have much to report and will be in touch in the coming weeks to share more interesting news, information and incentives to save money and grow your business and personal wealth.
I wish you all the best for the coming months and hope our advice will encourage you to take decisive and positive action to protect your money and grow your wealth.
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Sincerely,
Sumit Agarwal
DNS Associates
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