Author jason holden

In the words of Lord Clyde

Arctic Systems maybe another example of the aggressive nature of HMRC when pursuing taxpayers, however, Arctic Systems is certainly not the first case in history where the Revenue ‘HMRC’ has pursued a taxpayer for arranging their affairs in a more beneficial manner for taxation purposes.

It brings to mind a case many years before I was born that led to Lord Clyde making the following statement:

"No man in this country is under the smallest obligation, moral or other, so to arrange his legal relations to his business or to his property as to enable the Inland Revenue to put the largest possible shovel into his stores.

The Inland Revenue is not slow – and quite rightly – to take every advantage which is open to it under the taxing statutes for the purpose of depleting the taxpayer’s pocket. And the taxpayer is, in like manner, entitled to be astute to prevent, so far as he honestly can, the depletion of his means by the Revenue".

Ayrshire Pullman Motor Services & Ritchie v CIR CS 1929 14 TC 754, Lord Clyde @ pp 764 or 765.

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Victory for common sense

Today the case of a small husband and wife owned company ‘Arctic Systems’ was finally over.

After many years battling against the HMRC attack Geoff and Diana Jones of Arctic Systems Ltd can finally move on, but at what cost?

For the last four years, not only accountants and tax advisors, but also many other small husband and wife owned limited company’s will have been watching this case with a vested interest in its outcome.

So what now I hear you ask, well what indeed, I guess we will have to wait and see what HMRC and/or the Chancellor do next in the next budget?

For the full judgment please click here.

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What can winweb do for you?

It struck me today what incredibly good value for money the winweb new pricing structure offers, don’t get me wrong it was well priced before, but now …

For £119.88 per year for a single user licence you get a lot for your money, mind you always have, and that’s when I realised, you get so much with winweb I am sure a lot of people out there don’t realise what it can do to help them with their business or how it can help them get their business up and running.

I know I am often told about features I didn’t know existed, so I thought over the coming weeks, and depending how much more I discover it can do, the coming months, I would look at winweb and how its business infrastructure can help you by looking at all it does.

I would welcome input from other users on features you have discovered that others may not know about, or if you are a user who is not getting the full benefit then let me know what you want covered, and lets see if together we can’t unlock the true potential of the winweb business infrastructure together.

One reason many small businesses fail is a lack of structure to their business, winweb is offering you that structure, it is  already packaged and priced at the ‘incredible’ value end of the market.

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Employment legislation headaches

In my posting ‘Barriers to growth’ I covered employment regulations being the second barrier to growth, second only to taxation.

It’s true that many small businesses find it difficult, if not near impossible to comply with all the regulation that is placed on them when employing staff, and I dare say, most will fall foul of some legislation along the way, not intentionally, but through the shear amount of legislation that comes with employing someone.

The cost of using a solicitor to draw up a contract of employment, or using an outsource company to deal with the ‘HR’ side of your business is probably not in your budget, but you need to ensure you get it right, but how?

Well the other day I came across Your e-Personnel, well I should say I came across the advert I cut out from one of the business magazines I read.

The idea of Your e-Personnel is that for a low price it will produce personalised contracts of employment, personalised offer, disciplinary and other letters. It also keeps full personnel records and much more, take a look at the site and see for yourself.

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Big Words for Small Business

At the moment you may have guessed from a recent posting that Stefan is in Australia, ah lucky for some.

In his recent post he commented on the Australian government departments lack of understanding about the home based business, and no doubt the smaller owner managed business all together. Interesting, Australia may be a long way from the UK but their lack of understanding in this area is just the same I would say.

My reason for bring this up is a totally selfish one, I too have also been doing a bit of ‘touring’ down under, but in a virtual way rather than physical.

I am a contributor to the Big Words for Small Business website site. This website which only went live a week ago  is aimed at the small owner managed business, and this ‘type’ of enterprise is not only a UK or Australian phenomenon but a world wide one.

The idea of the site is that a panel of contributors from entrepreneurs, illustrator and cartoonist, business coaches and mentors and me the accountant/business advisor will each month for the next 26 months each write an article based on a letter of the alphabet, this months being A, obviously, these articles are meant to engage the readers in a way that makes them think about what they are doing in their business lives, and maybe even their personal lives.

Andrew Young who’s brain child this is described the purpose of the site better than I can, this is his vision, so I will let him tell you about it.

Remember when you opened your first picture alphabet book?

Remember the feeling of wonder, the discovery and the joy of this whole new world?

Books like these served to focus our attention on a single letter by using drawings and images, and then words associated with that letter.

They created a secret world that each of us could explore, uncover and learn from.

As we learnt more, and our brain developed further, we began learning bigger words, then creating sentences connecting words, which lead to stories, essays and for some, books.

One of the things we sometimes forget is that individual words can have great power, in their own right.

Words such as emotion, passion and possibility have all sorts of associations for us and they also tie into the word inspiration.

I’d like you to keep those two things in mind … the alphabet book and the power of a single word.

Now imagine an adult’s alphabet book

Ah … a dictionary or thesaurus?

No something more powerful and connecting than that.

It’s an alphabet book that is specifically targeted to small business owners.

It’s created by a group of profound thinkers who are acknowledged from its conception.

Unlike most books, this one will be created over a number of months, as the readers are provided with an ongoing and unique insight into the thoughts and ideas of that group, from around the world.

The articles contributed will each focus on a single word and the writers will show how this single word can have impact on the reader, the things they say and do, the way they run their business and the way they communicate and act.

The focus of this book is to be on … “how the simplicity of a single word has much more power than what immediately appears”

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Road pricing policy

You may have all seen in the news recently the petition to have the Prime Minister scrap the planned vehicle tracking and road pricing policy, and you may wonder why on a blog for small business I bring it up, well quite simply put, if this government gets its way then this will be yet another tax that the small business will have to endure.

To add your voice to over 1.2 million others who are against it please use the link below and say NO!

Link to E-Petition on Downing Street website.

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Watch out, watch out, the taxman's about

According to recent reports tax inspectors are being offered financial incentives, of up to £2,000, to encourage them to collect more tax.

According to a recent article in the Timesonline, tax compliance teams throughout the country have been told to increase the amount of tax that they recover, by one quarter in 2007.

The fear with this results related bonus system approach by HMRC is that this will lead to more investigations, which in turn may lead to unreasonable and protracted enquiries from inspectors under pressure to perform.

Yes, everyone should pay the right amount of tax, of that there can be no doubt, but, is this really the way to ‘build a strong economy’, one of Gordon Browns aims when he delivered his pre-budget report at the later end of 2006.

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New Year, New rules ….

Here's a new piece of regulation that will have passed most small business owners by.

Having come in on the 1st January 2007, The E-commerce Regulations applies to limited companies with websites and those that use e-mail as a means of communications.

The regulations say that every company now has to list its vat registration number, company registration number, place of registration and registered office address in legible characters on its website. This information must also appear in e-mails and online order forms.

For those who want to read the regulation for themselves please click here.

New Year, new more regulation!

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Wishing everyone a prosperous new year

Happy New Year to everyone, and wishing you all a very Prosperous 2007 from all at The Small Business Blog.
Due to work/client commitments we at The Small Business Blog may have been quiet over the last month or so but we will be bringing you plenty of fresh views and ideas to help the small business over the coming year.

£8 billion in online sales, are you getting your share?

Online sales is a fast-growing area for businesses of all types, yet so many small businesses are missing the boat, why?

Well those helpful people over at bytestart have done it again for the start up and small business, they have arranged a live Webchat with the head of merchant services at PayPal, Carl Olav. Go and join in and get some answers to those questions that have stopped you making the internet your shop front for the world.

The live Webchat takes place on Wednesday 15 November at 1pm, don’t forget, put it in your diary.

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