7 day concession to be withdrawn!

Advance warning has been given that after 31 March 2011 HM Revenue & Customs are withdrawing a concession that allows you an extra 7 days to file certain returns.

The returns affected are:

1. Company tax returns. 2. Annual PAYE returns P35 and P14s.

The concession was granted to allow for postal delays that are no . . . → Read More: 7 day concession to be withdrawn!

Live Help

We’re happy to announce that you can now get live help from within the Imbercal program. If you’ve got a question, query or need to know how to do something then just click the ‘Live Help’ button that sits next to the settings menu button and one of our support staff will be happy . . . → Read More: Live Help

Emergency Budget June 2010

PERSONAL TAX ISSUES   Personal Tax Allowance   The personal allowance for 2010-11 remains at £6,475.  The basic personal allowance will rise to £7,475 from April 2011 with a commitment to further increases towards the promised £10,000 target by the end of the present parliament.   Tax bands   The income figure above which . . . → Read More: Emergency Budget June 2010

Budget June 2010 – How the budget will affect you.

Following George Osbornes emergency budget today, 22 June 2010, below are a list of changes that will take affect in the future.

Tax Changes

The standard rate of VAT will rise from 17.5% to 20% from 4 January 2011.

The Personal allowance for under 65’s will rise from £6,475 to £7,475 for the 2011-12 . . . → Read More: Budget June 2010 – How the budget will affect you.

UK Warned it Must Raise Interest Rates This Year

The Organisation for Economic Cooperation and Development has warned today (16th May 2010) that the Bank of England must raise interest rates by the end of this year to keep inflation in check according to an article written in The Times.

The Bank of England has struggled to curb inflation which is currently at . . . → Read More: UK Warned it Must Raise Interest Rates This Year

Hung Parliament Could Lead to Higher Borrowing Costs

An article written in the Times today (7 May 2010), warns that the political instability could push the cost of mortgages for ordinary homeowners.

A failure of the political parties to agree to a solution to the hung parliament or the formation of a weak coalition could cause instability in the whole sale money . . . → Read More: Hung Parliament Could Lead to Higher Borrowing Costs

Are you a graduate and thinking of going self employed?

Are you are a graduate and currently living in Birmingham and have a big idea that you could start your own business?

If the answer is yes, then B-seen could help you.

The B-seen programme, a partnership between Aston University and University of Birmingham, aims to offer graduates a diverse package of support at . . . → Read More: Are you a graduate and thinking of going self employed?

Graduate Marketing Position

Imbercal, along with Folkes Worton LLP, are looking for a graduate who has knowledge in the marketing field to help promote an already well established firm of accountants in the Stourbridge area and an online accounts software package.

The contract would be initially part time working between 2-3 days. Knowledge of social media sites . . . → Read More: Graduate Marketing Position

The Budget 2010 – Business Tax Announcements

Annual Investment Allowance

At present it is possible to write off the full cost of up to £50,000 of capital expenditure on qualifying assets. This limit is doubled from 1 April 2010 (for corporation tax) and 6 April 2010 (for income tax) to £100,000.

First Year Allowance

The first year allowance of 40% ceases . . . → Read More: The Budget 2010 – Business Tax Announcements

HMRC Sponsor New TV Series

HMRC has sponsored a new 4-part TV series, The Business Inspector, starting tonight on Five at 8pm. The aim of the series, which is produced by the makers of ‘Ramsay’s Kitchen Nightmares’, is to raise awareness among small businesses that they need to keep good records and improve their all-round business knowledge and direction.