Magic Chartered Accountants Blog

Published on: 19 July, 2011 - 11:10
Author: Carol H
Posted in : Business News
Comments: (No Comments)
Tags: construction, FSB, small business, tourism, treasure, VAT cuts

Following its Q2 survey, the FSB recorded business confidence in the majority of sectors dipped, prompting the Voice of Small Business to urge the Government to explore the option of VAT cuts.  They have suggested targeting specific areas of construction and tourism in an effort to boost these key sectors.

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Published on: 12 July, 2011 - 16:03
Author: Carol H
Posted in : Accounts, Business News
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Tags: banks, finance, Lending, small business

The Government are putting our banks under growing pressure to increase lending to the SME market.

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Published on: 6 July, 2011 - 11:05
Author: Carol H
Posted in : MAGIC News
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Tags: bookkeeping, magicaccounts.co.uk, Registration, small business, VAT Initiative

If your business is turning over £73,000 and you’re not VAT registered,  you may be the target of a campaign which HRMC gets underway today. Over the next few weeks the Revenue are targeting 40,000 UK businesses which should be VAT registered.  Your business needs to be registered for VAT if.

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Published on: 5 July, 2011 - 10:59
Author: Carol H
Posted in : MAGIC News
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Tags: HRMC, small business, SME's, Time to Pay arrangements

Businesses should be warned HMRC may not be as eager to agree to a TTP as they may once have been, which may be due to the rumour they are currently owed an estimated £1 billion.

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Published on: 21 June, 2011 - 11:30
Author: Carol H
Posted in : Accounts
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Tags: bookkeeping, late payment penalty, magicaccounts.co.uk, self-assessment, small business, tax penalties

You can expect higher penalties if you’re late with your tax returns from now on.  From 5 April this year, HRMC have increased the penalties they charge for late tax returns;  claiming the old penalty was not enough to stop late returns!

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Published on: 7 June, 2011 - 10:57
Author: Carol H
Posted in : Accounts, Business News, MAGIC News, Useful stuff
Comments: (No Comments)
Tags: business websites, cookies, ICO, magicaccounts.co.uk, small business

Last week, Christopher Graham of (ICO) Information Commissioner’s Office, released a statement giving website owners one year in which to comply with new cookies law. Will your business website comply with new government legislation?  Last week’s new regulations governing Privacy & Electronic Communication Regulations (PECR) will oblige UK businesses to.

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Published on: 3 June, 2011 - 10:20
Author: Carol H
Posted in : MAGIC News
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Tags: bookkeeping, business records check, contractor, freelancer, magicaccounts.co.uk, small business, tax

In recent months you’ve no doubt heard the Inland Revenue is undertaking Business Records Checks.  Targeting UK small businesses who they consider have poor record keeping and randomly selecting a number of small businesses to “review the adequacy and accuracy of business records within the ‘SME’ sector”.  

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Published on: 13 May, 2011 - 11:57
Author: Carol H
Posted in : MAGIC News
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Tags: accountancy, blog, MAGIC Accountants, online accountant, small business, website launch

We’re very excited about launching into the blogosphere here at MAGIC HQ.  The aim with our blog is simple; we’ll keep you up to date with all the latest industry and business news, post articles relevant (& hopefully useful) to you & your business – plus we’ll keep you up to.

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