Top Tax Tip
If your business has made losses, are you ensuring that those losses are being used to reduce your current tax bills by as much as possible?
Note: Professional advice will be needed
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BP Coffee Spill
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They're at it again! See how BP cleared up their coffee spill!
Watch the Video
Warning: Contains some swearing
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Quote Of The Week
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You will never be happy if you continue to search for
what happiness consists of.
You will never live if you are looking for
the meaning of life.
Albert
Camus
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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!
Congratulations to Debbie Spinks, from Hawthorns First School in Worthing for winning last week's BrainTeaser; the answer was 2. We have a special announcement this week regarding the BrainTeaser; scroll down to the 'BrainTeaser Announcement' section.
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BrainTeaser Announcement
This week will be the first to have a sponsored BrainTeaser. This week's
will be sponsored by Sarah D'arcy, from D'arcy's Catering.
D'Arcys Catering can
provide all you need to ensure your event goes to plan.
They
provide
first-rate catering for all occasions from parties to weddings. All
food is cooked at their professional kitchen using produce which is
sourced as locally as possible with a strong use of seasonal
ingredients.
D'Arcys can help you impress clients, reward your
employees or hold the party of a lifetime.
This week, D'arcy's
Catering will be offering the winner of the BrainTeaser a very special
bottle of champagne, so hurry up and email us your answer!!
You
can find this week's BrainTeaser just below.
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Camp Pineveiw's
cook, Margaret Johnson, was just about to begin preparing the picnic lunch for
all the campers. She already knew she needed to fill 55 bowls of the same size
and capacity with the same amount of food. When she was done, she decided to
read the guidelines for the picnic, just out of curiosity. The guidelines said:
1. Every camper gets their own bowl of soup.
2. Every two campers will get one bowl of spaghetti to share.
3. Every three campers will get one bowl of salad to share.
4. All campers are required to have their own helping of salad, spaghetti, and
soup.
After some rapid calculations, Margaret was able to figure out how many campers
were going to the picnic. Can you?
Click here to email us the answer!
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Self Assessment
Self Assessment started in 1997, with the idea that taxpayers can
easily complete their own tax returns. The reality has turned out not to
be quite so easy.
The tax year runs from 6th April to 5th April the next year, and
under self-assessment it is up to the individual taxpayer to calculate
their own tax liability and pay the tax due by the due date.
Who has to fill in a Self-Assessment Return?
The majority of people in the UK are taxed under PAYE and do not have
to complete a Self Assessment tax return. However, where you have an
income that is not taxed at source or may be liable to higher rate tax
on an income that has only had basic rate tax stopped, you will probably
need to complete a self-assessment return. It is your responsibility to
notify chargeability to tax to HMRC.
The following people usually have to complete one...
- Anyone who is self-employed;
- Pensioners with an annual income of £100,000 or more;
- Employees or pensioners with an annual income from savings or
investments of £10,000 or more;
- An employee or pensioner with untaxed annual income of £2,500 or
more;
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Client Spotlight - Central Sussex College
Hi, my name is Clare Skinner. I work as a Skills Adviser
in Employer Services at Central Sussex College,
Crawley. My role is to identify your individual business
 needs and develop a full business support package, helping you access government
funding to support the costs involved with training your staff.
Central Sussex
College offers a full range of professional
qualifications and apprenticeships which can be delivered in the workplace, along
with a wide range of one and two day courses delivered at our centrally located
campuses.
As the
largest college provider of apprenticeship training in the South East we
currently work with many high profile companies such as Ford, Thales and
GlaxoSmithKline as well as many independent companies including Keeper's
Accountancy, who have experienced first-hand the benefits of accessing our employer
services. With the support of the College's Job Shop, Keeper's Accountancy was
put in touch with Ben, a college student who was looking to complete an
Apprenticeship in Business Administration.
Chris Halward from Keeper's
Accountancy says: "I met Clare at a networking event;
I explained that we were looking to recruit someone,
and that we wanted someone that would grow with the company. Well, that was it; I was introduced to some handpicked school leavers, and students, and
the college held our hand all the way.
"It is a great feeling being able
offer someone a real shot at building a career through an apprentice scheme,
especially at a time when the economy is in disarray and there is little hope
for young minds trying to get their first taste of employment. The whole
experience has been easy and inexpensive and we are currently looking for
someone else to fulfil another role. Thank you for making the recruitment
process so easy.''
Whether you
are looking to add to your workforce or want to develop your current staff, there
are many government initiatives to support with the costs of staff training.
As an
example, between now and October 2010 the government is offering a £1,500
training grant for employers taking on an apprentice aged between 16 and 18
(subject to meeting the eligibility criteria).
A training grant for Managers and Directors
is also available for strategic training, with a grant of £500 and an extra
£500 match-funded. Other initiatives are available to support the cost of your
staff development.
To access
any of our services or to find out more, call me on 01293 453453 or email me at cskinner@centralsussex.ac.uk
Website - www.centralsussex.ac.uk
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Roxanna & The London to Brighton Bike Ride
As you know (from us pestering you!), Roxanna took part in the London to Brighton Bike Ride yesterday.
Over 27,000 people aged 14 to 75 set off from Clapham Common at 6am on the 54 mile (87km) trek through Surrey, West Sussex and East Sussex; and this year's event is expected to have raised around £4m for the British Heart Foundation.
The event was a fantastic success, and Roxanna managed to raise £110 for the British Heart Foundation.
Luckily (for Roxanna!), the weather held up, and was perfect for the bike ride.
We would like to thank you for your contribution towards making this event successful.
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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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