Minimum Wage from 1st October 2011

From 1st October 2011 the national minimum wage will increase as follows:- Workers over 21 – £6.08 per hour (was £5.93) Workers aged 18-20 – £4.98 (was £4.92) Workers aged 16-17 – £3.68 (was £3.64) At least one…

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Ten signs you are skint!

In the midst of all the financial woes the world is facing today, here is a light-hearted run down of ten signs you might be feeling the pinch… 1. Loan sharks start refusing you credit 2. You’re paying…

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Self-assessment tax – late filing penalties from 2011

There are two important deadlines for filing of your self-assessment tax return. If you are completing a paper return, it must be received by HMRC no later than 31 October. If you are filing online, you have until…

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Cash vs profit

Whenever a business faces financial difficulty, it is easy to assume that the company simply isn’t profitable. In many cases this is quite true of course, particularly in recent times. But this is not necessarily the case, and…

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Limited Liability Partnerships

One of the most commonly asked questions when starting a business is whether it should operate as a sole trader, partnership or limited company. However many businesses instead choose to form a limited liability partnership (LLP), but how…

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