Entelliz Limited is a company registered in England and Wales (Registration Number 4505969)
Website © 2007-09 Entelliz Limited; Images © 2007 Jupiterimages Corporation
Website © 2007-09 Entelliz Limited; Images © 2007 Jupiterimages Corporation
STOP PRESS......
Income tax and NIC rates for 2009-10
From 6 April 2009, PAYE (Pay As You Earn) thresholds and rates, and National Insurance contributions (NICs) thresholds and rates will change. For the tax year commencing 6 April 2009, the PAYE tax rates will be as follows:
- Basic rate of 20 per cent for earnings up to £37,400
- Higher rate of 40 per cent for earnings over £37,400
Personal income tax allowances will increase to:
- £6,475 for the under 65s
- £9,490 for ages 65-74 and £9,640 for those over 75
NIC thresholds and rates will increase to the following levels:
- £ 110 per week for both the primary and secondary thresholds
- £ 95 per week for the primary Class 1 lower earnings limit
- £ 844 per week for the primary Class 1 upper earnings limit
- £5,075 per year for the Class 2 small earnings exception
The flat rate of Class 2 contributions for the self-employed will rise to £2.40 per week. The self-employed will pay Class 4 NICs on profits as follows:
- 8 per cent for profits between £5,715 and £43,875
- Additional 1 per cent on all profits above £43,875
For more information and to register for online returns go to http://www.hmrc.gov.uk.
BUSINESS ARTICLE of the WEEK
Banking failure and how to build a fit financial sector
The report by the New Economic Foundation (NEF) finds that the nation's banks have lost touch with the real needs of their customers and become structurally unable to serve them. And the Government's rescue attempts have so far failed despite a £37bn bailout of the biggest banks. Yet a "sleeping architecture" of a more robust local financial infrastructure exists in the credit unions, community finance and local enterprise schemes that are working on the frontline of financial exclusion. The report's authors say that this sector should be supported and banks should be forced to partner with them.
NEWSFLASH of the WEEK
Internet businesses defy the recession
Almost two-third of online businesses are confident about their outlook and plan to expand or diversify next year despite the recession, according to new surveys by both eBay and uswitchforbusiness.com.
More than half of the companies surveyed expect rising sales with another third expecting sales to remain stable. Online sale figures support these forecasts by showing that the turnover of British businesses selling via the internet grew faster in 2008 then the year before and their growth overtook of those not selling online. Exports via online sales grew fastest, surging 128 per cent in 2008.
MANAGEMENT TIP of the WEEK
How to Talk to Customers in a Tough Economy
What you say to customers now can help your company emerge stronger when the economic climate improves. Keep five things in mind:
1) Be empathetic - without being pathetic. Forgo messages implying customers should help you reduce inventory. Instead, tell them about well-deserved bargains.
2) Offer real assistance - not happy talk. Companies that can make their promises tangible can gain an advantage.
3) Adjust to your customers' changed behaviors. They are probably at work longer, shopping for discounts, and eating out less. Bring the conversation to them.
4) Address people's attention deficit. Time-starved, on-edge consumers value advertising that's quick and to the point.
5) Keep communicating. Research shows that most companies that "switch off" during a downturn, suffer long term damage in their customer relationships.
EVENT of the WEEK
OpenGov Event
Date: 22 April 2009
Venue: British Computer Society
5 Southampton Street
London, WC2E 7HA
Fee: £75 to 150
A practical 1-day conference to discuss the challenges and opportunities that social technologies can bring to developing and delivering government policy and improving engagement, collaboration and transparency in government. To register please click here
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Call us on 08450-56-96-36
Entelliz Weekly Newsletter - week 13, 2009