Archive for March, 2011

A Snapshot of Budget 2011 – Talking Points

March 24, 2011

Yesterday’s budget delivered by George Osborne’s budget will best be judged by how the economy performs in the coming quarters. Faced with a daunting fiscal challenge, the UK Chancellor has turned his attention to the factors that will shape the growth of the economy in the future. His main emphasis for growth is through retaining […]

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Ofcom orders Mobile Networks to Cut Charges

March 18, 2011

Mobile phone companies face a new threat as they were ordered by the communications watchdog ‘Ofcom’ to slash their charges for connecting calls from rival networks and landlines. The move is expected to cost the telecom industry a huge amount as Ofcom attempts to bring down the connecting charges by 80% in four years. All […]

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New Additions to the Inflation Basket

March 18, 2011

Guess what! The wave of smartphones and their apps are about to hit the basket of goods considered for measuring inflation. According to the Office of National Statistics, these are now some of the most essential items that fill the spending basket of consumers. Dating agency websites have also been added as their use has […]

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Fall of Jobless Claims in February: Are we seeing Light at the end of the tunnel?

March 18, 2011

According to the report of the Office of National Statistics there had been a sharp fall in the jobless claims during the month of February. This has come quite unexpectedly at a time when jobless figures recorded a 17 year high back in January this year. The number of people claiming Jobseeker’s Allowance has fallen […]

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What lies ahead: Budget predictions 2011

March 18, 2011

Personal allowances It is the general belief that the personal allowance will be raised again, perhaps by a further £1,000 to £8,475 for 2012/13. The premise behind this is the election pledge that no one will pay income tax until they earn £10,000. Hence it can be reasonably predicted a raise in the personal allowance […]

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Test your knowledge on VAT

March 16, 2011

Value Added Tax (VAT) is a tax that is charged on most goods and services that are provided within UK. It is also charged on goods and some services that are imported from countries outside the European Union (EU), and brought into the UK from other EU countries. VAT is charged when a VAT-registered business […]

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Year end Statutory Accounts and Management Accounts of Small Businesses

March 9, 2011

Importance of maintaining systematic accounting records The aspect of accounting and preparation of financial statements is something that gets less attention in small businesses. The reason may be due to the fact that owners of the small and medium scale businesses are always pressurized on other matters such as cash flow of the business or […]

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Local Accountants at your Doorstep

March 9, 2011

Are you thinking of working for yourself?? Are you the enterprising kind of character?? If the answers to the above two questions are “Yes” then you are in the right direction to establish your own business!!! However, starting up a small / medium scale business or managing one in this tough economic climate could be […]

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