Top Tax Tip
Investigate rebates
Many of those eligible for a tax rebate are
unaware of their eligibility.
If you have been placed on the Emergency
Rate at any period there is a high chance that HMRC owes you money.
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Quote Of The Week
| The man who will use his skill and constructive
imagination to see how much he can give for a dollar, instead of how
little he can give for a dollar, is bound to succeed.
Henry
Ford
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If you found this information valuable, please forward this email onto a friend or colleague.
If you were forwarded this email, you can subscribe here
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Greetings!
This week's BrainTeaser will be just for fun, but starting next Newsletter, the BrainTeaser will be sponsored by various companies, so expect an exciting variety of prizes!
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Firstly, we would like to congratulate Mark Poulton, from Stephen Rimmer Solicitors, for winning the last BrainTeaser.
A man wanted to get into his work building, but he had forgotten his
code. However, he did remember five clues. These are what those clues were:
The fifth number plus the third number equals fourteen.
The fourth number is one more than the second number.
The first number is one less than twice the second number.
The second number plus the third number equals ten.
The sum of all five numbers is 30.
What were the five numbers and in what order?
Click here to email us the answer!
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We're working 3 days more for the Taxman!
British people will have to work three days longer this year before we start earning money for ourselves, rather than the government.
Tax Freedom Day will fall on May 30th - 149 days into 2010 - according to think tank the Adam Smith Institute.
It said the three-day increase on 2009 was largely because of the rise in VAT from 15% back up to 17.5% at the beginning of the year.
If the budget deficit was all funded from tax - rather than with the help of loans - then Tax Freedom Day would shift back to July 8, pointing to Britain's worst fiscal position since 1976.
Tom Clougherty, executive director if the institute said, 'Our Government relies so much on debt to fund spending that our traditional Tax Freedom Day measure makes them look more virtuous that they actually are.'
Of the 149 days, 41 is taken up by Income Tax, followed by National Insurance at 27 days. It takes a further 21 days to cover all the VAT the average Briton will pay this year, while the various different excise duties account for 13 days.
Council tax costs the equivalent of seven days' pay, with Stamp Duty accounting for three days' worth, and a further 18 days to cover a range of miscellaneous taxes.
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Why Is A Business Plan Essential?
It might sound obvious, but the main point of a Business plan is to
steer your business on the road to success.
It's often easy for entrepreneurs to rely on their memory instead of
writing a business plan, and sometimes this works, but to get the best
possible advantage when you are starting a business, write a business
plan.
To carry on reading this article, click here
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Client Spotlight - D B Service Solutions
D B Service Solutions Ltd, are a local Brighton based
electricians and we are in our fifth year of trading. We work mainly in East
Sussex for Domestic, Commercial and Industrial customers.
We cover all aspects
of electrical work from power and lights in customer's houses through to fuse
boards, rewire, extensions and conversions. On a commercial level we carry out
PAT testing, periodic safety inspections, retail power and lighting through to
high end 3 phase electrics. If you have anything electrical we cover it.
As a husband and wife team Darren's background covers all
electrical work including his speciality maintaining and servicing woodworking machinery.
An expert in 3 phase works and extraction Darren uses his knowledge to help our
customers plan their projects and find the most cost effective and time managed
way of achieving their goals. Laura carries out the PAT testing for the
business and also looks after the back office functions including networking,
marketing and ensures the office side runs smoothly.
DB Service Solutions are proud to be members of the ECA,
Electrical Contractors Association, ELECSA, ESCC Trading Standards Buy with
Confidence Scheme, Checkatrade and Trustmark.
As a company we believe in offering a full customer service
experience, from the start we are happy to provide free advice on a project,
all of our work is carried out under free written quotation, no estimates! We are
polite, tidy and courteous and take tremendous pride in our work.
We joined Keepers last year after meeting at a speed
networking event. We were impressed by the business ethos and the ambitious
nature of the staff. We are looking to grow slowly and receive help and advice
to ensure it is done effectively and productively. We are really impressed with
Keepers and have no hesitation in recommending them to our business associates.
We try and ensure our rates are reasonable and affordable,
for this publication, if you mention the piece we are offering 10% discount on
electrical works.
In addition we are offering low PAT testing rates, for
companies with 40 + appliances our rates are £75 + Vat to cover the first 40
appliances and only £1 an item thereafter. Even Keepers could not resist our
rates!
For more information please do visit our website or call
Laura at the office on 01273 583900, also our email address is
enquiries@dbservicesolutions.com.
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If you have been lucky enough to have received either an email or letter from us, you would have noticed that we have recently been including Referral Vouchers.
The basic idea of this is that you refer a friend who you feel may benefit from our services, and we give you £50!
So; in the future, when you receive a letter or email from us, write your friend's Name and Phone Number on the back, and return the voucher to us. When the person you are referring becomes a Client, we will give you £50 cash!
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The Treasury has confirmed that newly appointed Chancellor George
Osborne will present his emergency Budget on Tuesday 22 June, less than
six weeks after taking power.
The new Chancellor made the announcement in his first Treasury
press conference, in which he also confirmed another
Conservative manifesto commitment to create an Office for Budget
Responsibility (OBR).
Moving quickly, Osborne said the OBR would be an independent entity
like the Monetary Policy Committee that would be responsible for
developing "a truly independent assessment of the state of the nation's
finances". The OBR will be set up initially on a non-statutory basis and
be headed by economist Sir Alan Budd. Along with Geoffrey Dicks and
Graham Parker he will form a Budget Responsibility Committee and get to
work on the forecasts immediately.
To read the rest of this article, click here
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Thanks for reading. You can find us on our website, Facebook, Twitter or
LinkedIn; just click the relevant link at the top of the Newsletter.
Ben
& Chris
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