Entelliz recommends
Week 50, 2008
STOP PRESS......
VAT Rate Change Reminder
From 1st Decemebr the standard rate of VAT has been cut from 17.5% to 15%. This VAT rate change is a temporary measure until to end on 31st December 2009. This is the first change in VAT rate in 17 years and the first reduction made in almost 30 years. Businesses will need to consider how they deal with the change both in terms of accounting and in setting their prices. For the time being, the HMRC are adopting a 'soft touch' under the new rate, until the 1st April 2009 when this will be replaced by a new tax penalty regime.
.
Tip of the week
Help Your Company Tighten Its Belt
In this risk-averse, credit-scarce environment, everyone's cutting back. How can you support your company's belt-tightening efforts? One idea is to suggest lean, green initiatives.
Could, for example, your company reduce its packaging? Even a relatively small reduction can generate huge savings in transportation and material costs for your firm and its suppliers. Another tactic is to move from paper to electronic communications. Suggest that your company get customers to sign up for paperless billing and move payroll, training, and HR systems online. Your firm will score big savings in paper and administrative costs.
.
Article of the week
The Net impact of Netbooks
Small, inexpensive netbooks - portable computers smaller than notebooks and dependent on the Internet for file-storage and software - are likely to have a big ipact on the PC industry, but they poach sales of laptops? Are they replacements for smartphones? Will they increase the popularity of cloud computing?
.
Newsflash of the week
Government launched £25 million fund for Women's Enterprise
The Aspire Fund is a £25 million investment fund for women-led businesses that will be jointly funded by the Government and the private sector. The Aspire Investment Fund is the first of its kind and will act as a beacon to encourage women with businesses to seek appropriate equity finance and will also demonstrate to the business community what investment opportunities already exist from businesses being run by women.
The fund is aimed at high growth businesses seeking an investment of between £100,000 and £2 million to help finance growth. It can be accessed via Business Link and will be managed by Capital for Enterprise Limited.
.
Event of the week
VAT in Detail
When: 16-17 December 2008
Where: Tavistock House, Tavistock Square, London
Cost: starting at £520+VAT
This course provides a thorough review of the main rules. Day 1 covers many of the key rules applicable to all businesses. Day 2 covers the more complicated aspects of VAT, highlighting problems and recent developments. The two days may be taken as a two-day programme, or separately. Click here to register.
Week 50, 2008
STOP PRESS......
VAT Rate Change Reminder
From 1st Decemebr the standard rate of VAT has been cut from 17.5% to 15%. This VAT rate change is a temporary measure until to end on 31st December 2009. This is the first change in VAT rate in 17 years and the first reduction made in almost 30 years. Businesses will need to consider how they deal with the change both in terms of accounting and in setting their prices. For the time being, the HMRC are adopting a 'soft touch' under the new rate, until the 1st April 2009 when this will be replaced by a new tax penalty regime.
.
Tip of the week
Help Your Company Tighten Its Belt
In this risk-averse, credit-scarce environment, everyone's cutting back. How can you support your company's belt-tightening efforts? One idea is to suggest lean, green initiatives.
Could, for example, your company reduce its packaging? Even a relatively small reduction can generate huge savings in transportation and material costs for your firm and its suppliers. Another tactic is to move from paper to electronic communications. Suggest that your company get customers to sign up for paperless billing and move payroll, training, and HR systems online. Your firm will score big savings in paper and administrative costs.
.
Article of the week
The Net impact of Netbooks
Small, inexpensive netbooks - portable computers smaller than notebooks and dependent on the Internet for file-storage and software - are likely to have a big ipact on the PC industry, but they poach sales of laptops? Are they replacements for smartphones? Will they increase the popularity of cloud computing?
.
Newsflash of the week
Government launched £25 million fund for Women's Enterprise
The Aspire Fund is a £25 million investment fund for women-led businesses that will be jointly funded by the Government and the private sector. The Aspire Investment Fund is the first of its kind and will act as a beacon to encourage women with businesses to seek appropriate equity finance and will also demonstrate to the business community what investment opportunities already exist from businesses being run by women.
The fund is aimed at high growth businesses seeking an investment of between £100,000 and £2 million to help finance growth. It can be accessed via Business Link and will be managed by Capital for Enterprise Limited.
.
Event of the week
VAT in Detail
When: 16-17 December 2008
Where: Tavistock House, Tavistock Square, London
Cost: starting at £520+VAT
This course provides a thorough review of the main rules. Day 1 covers many of the key rules applicable to all businesses. Day 2 covers the more complicated aspects of VAT, highlighting problems and recent developments. The two days may be taken as a two-day programme, or separately. Click here to register.
Copyright © 2008 Entelliz Limited