InBrief Newsletter - Winter 2011

Read this edition to find out about:

• Our Masterclass Seminars, including our next one on 21st February 2012
• Annual Investment Allowance Reductions
• VAT Returns on-line
• Protected Conversations from Kuits Solicitors
• Ready, Steady, Grow - thoughts on whether and how to grow your business
• Client Focus - Astra Signs

Summary of Pre-Budget Report

Click below for a summary of the Chancellor's Pre-Budget Report made on 29th November 2011

Contents include:

• Introduction
• Key announcements
• Economic background
• Tax 2 Benefits and tax credits
• Transport tax and duties
• Business finance
• Employment and regulation

InBrief Newsletter - Summer 2011

Contents include advice on:

• Coverage of our series of Masterclass Seminars - look out for details of the next one
• Latest initiatives from HMRC - read carefully, one of these initiatives may affect you
• The Queen's Jubilee
• The Bribery Act
• plus details of a free IT audit for all of our clients

Budget Summary 2011

George Osborne presented his second Budget on Wednesday 23rd March. In his statement he said that the Budget was about reforming the nation’s economy, so that we have enduring growth and jobs in the future.

The key proposals are:

• An additional 1% cut in the main rate of corporation tax to 26% from April 2011.
• Enhanced tax incentives for investment in higher risk companies and for SMEs investing in research and development.
• Reintroduction of Enterprise Zones.
• Entrepreneurs’ Relief limit doubled to £10million.
• An increase in the mileage rate payable to own car drivers.
• Consultation on integrating income tax and national insurance contributions.
• Reduced inheritance tax rates for those giving one tenth of their estate to charity.

InBrief Newsletter - March 2011

Contents include advice on:

• If you are paying more than 40% income tax in 2010/11;
• Changes in the Childcare Voucher Scheme; and
• Spotting customers in trouble.

InBrief Newsletter - October 2010

Contents include:

• Getting Ready for Better Days
• Timing is Crucial for investing in growth
• Taking a NIC Holiday
• New Maternity Leave Proposal
• Business Succession
• Workplace Pension Reforms

Kay Johnson Gee Budget Summary 2010-2011

George Osborne described his first Budget as the “unavoidable Budget” in which spending cuts outweighed tax increases by a ratio of 77% spending cuts to 23% tax increases. The capital gains tax changes were less harsh than many feared. The increase in the lifetime limit for entrepreneurs’ relief from £2million to £5million is very welcome. The reduction in corporation tax had been well trailed. Of course the big revenue raiser with the VAT increase in January 2011. Spending cuts will be announced in autumn 2011.

InBrief Newsletter - June 2010

Contents include:

• Change of Government – now what?
• Blood is thicker than water – family businesses
• Pay your PAYE or pay more
• Are you ready for the new fit note?
• Preventing late payment
• HSBC’s Business Thinking 2010

Budget Summary 2010

Kay Johnson Gee Budget Summary
Contents include:

• Budget highlights
• Personal and trust taxation
• Capital taxes
• Business tax
• Value added tax (VAT)
• Anti-avoidance
• Miscellaneous issues
• National insurance contributions

Pre-Budget Report

Kay Johnson Gee Briefing on Chancellor's Pre-Budget Report.
Contents include:

• The Chancellor’s balancing act
• Personal tax
• Pensions
• Business tax
• Company cars and vans
• National insurance contributions
• Other provisions

InBrief Newsletter - September 09

Contents include:

• Acquiring a new car? Check out the tax relief implications
• If you have a foreign bank account use HMRC's disclosure opportunity
• Gross payment status for sub-contractors
• Impact of Companies Act. 2006
• Tax relief for land and buildings