| Three Years of Uncertainty Over for Small Businesses |
| Published December 2005 |
Family run businesses across Wolverhampton will be breathing a sigh of relief this week according to local accountants and business advisers AGS, following the latest development in a landmark tax case.
Wolverhampton based AGS has welcomed the news that Arctic Systems has won its tax case against HM Revenue and Customs, a decision that could allow 'husband-and-wife' businesses to share their tax burdens instead of facing a huge tax bill. |
| 2005 Pre-Budget Report Summary |
| Published December 2005 |
| Chancellor Gordon Brown presented his Pre-Budget Report on Monday 5 December 2005. |
| Construction Industry Scheme (CIS) |
Published November 2005 |
The new CIS was due to be introduced in April 2006. At the eleventh hour a government announcement has confirmed a 12 month delay in its introduction. This follows pressure from the construction industry and an admission on the part of the Revenue that their systems would not be fully ready for an April 2006 start date. |
| Small Firms Loan Guarantee |
Published November 2005 |
The Small Firms Loan Guarantee (SFLG) was introduced in 1981. It is designed to help SMEs with viable business propositions but without the necessary security to access debt finance. Loans are currently available for periods of between two and ten years on sums from £5,000 to £100,000 (or £250,000 if the business has been trading for more than two years). The SFLG covers 75% of the lender’s exposure with the borrower paying a 2% premium to the government. |
| Publicans offered tax advice |
| Published November 2005 |
The taxman is going down the pub, as a new campaign tailored to the needs of public houses seeks to raise awareness of their tax obligations.
Thousands of publicans across the UK will soon receive letters from HM Revenue & Customs (HMRC) detailing the relevant tax forms and deadlines whilst highlighting the common mistakes many pub owners make when filing a return.
|
| Check Your Internet VAT |
Published November 2005 |
As HM Revenue & Customs (HMRC) announces a crackdown on VAT investigations relating to internet shopping, ags is advising businesses to beware.
Many businesses who buy goods over the internet which are delivered from outside the UK could face extra costs in import duty and VAT.
|
| Midlands Business Insider Accountancy Review 2005 |
Published August 2005 |
Over the past 12 months Wolverhampton based ags has transformed itself from an accountancy firm to a full business consultancy service in order to respond to the demands of the changing face of business. |
| Buy to let and renting to students |
| Published August 2005 |
With college and university students all looking for accommodation in the next few months, Wolverhampton based accountants and business advisers ags is warning local property developers to watch out. |
| Outsourcing your business IT systems |
| Published August 2005 |
With IT always evolving and developing, keeping up to date with the latest technology can be a minefield. At Wolverhampton based ags accountants and financial advisors, the introduction of an outsourcing system has been so beneficial that they have been advising clients of the advantages the system brings. |
| House of Lords Ruling affecting the funding of businesses |
| Published July 2005 |
The House of Lords have given its long awaited ruling on the case of NatWest.v.Spectrum last week.
The Lords ruled that in a collect out situation following a formal insolvency appointment, banks’ charges over book debts, rather than being fixed charge recovery, are merely covered by the floating charge, from which preferential creditors claims have to be paid out in priority to the banks. |
| Landlords advised the Government is still calling time |
| Published July 2005 |
Pubs and restaurants across the region are being advised to still prepare for the forthcoming licence application deadlines, despite current legal challenges to the legislation. |
| ags Welcomes consulting expert to the team |
| Published July 2005 |
Wolverhampton based accountants and business advisers ags has joined forces with a hugely experienced practitioner to head up its newly created consulting division. |
| Growing Pains: finance for small businesses |
| Published July 2005 |
KARAN BILIMORIA is the face that the deeply unfashionable factoring industry has been looking for. The founder of Cobra Beer is a cheerleader for this form of finance, which he says is ideal for an ambitious small business unable or unwilling to tap into more mainstream sources. |
| Managing to safeguard growth on the Internet |
| Published June 2005 |
With 52 per cent of homes on the Internet and the World Wide Web becoming a regular fixture in business, a clear and concise website is imperative when trying to standing out. |
| It's time to transfer your payroll service |
| Published June 2005 |
Wolverhampton based accountants ags is advising local businesses to be aware of important changes taking place to existing payroll submission services. |
| New threat from Identity thieves |
|
Small Businesses are wide open to a dangerous new form of identity fraud. Few safeguards are in place to prevent criminals running up thousands of pounds of debt in their name. |
Don't be reeled in by cowboy accountants |
| Published April 2005 |
Wolverhampton based ags are advising local businesses to take note of recent warnings regarding cowboy accountants operating across the region.
|
