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Business newsletter for small business owners and start-ups. You'll find 1500+ articles, on the acclaimed website for business owners and start-ups.
In this week's Business121 Newsletter:
- A barrage of new laws
- PR on a shoestring - pay per hit can work for you
- New tough Health & Safety penalties and how to avoid them
- Guide to new HMRC tax penalties regime from April 2009
- Detailed guide to the new VAT penalty regime from April 2009
- Changes to UK income tax and NIC rates from 6th April 2009
- Corporation Tax Rates 2009/10
- National Insurance Rates 2009/10 - NI Rates
- Income Tax Personal Allowances & Taxable Bands - 2009/10
Small Business News:
- Raft of new employment laws came into force this week
- Number of new enterprises remained steady in 2008
- Budget 2009 - Tax rise uncertainty would harm small businesses
A barrage of new laws
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The past week has brought the start of a new financial year, and the first of this year's two annual common commencement dates, when the Government brings in new legislation affecting businesses en masse.
A new financial year brings changes to various tax rates and allowances, while the common commencement date sees the introduction of a host of new regulations. New laws introduced include those covering; Health & Safety, the right to request flexible working, the statutory dismissal and grievance procedures and holiday pay.
As if that wasn't enough for small businesses to get to grips with, HMRC have also introduced new tax and VAT penalty regimes. Under the new laws the size of the penalty rises in accordance with the severity of the 'mistake'.
With so many changes to keep track of, and new laws to stay on the right side of, this week's newsletter helps to quickly bring you up to speed with what you need to know.
PR on a shoestring - pay per hit can work for you
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The challenge facing small business owners who want to be ambitious during the recession is how to maximise your exposure without committing huge amounts of money.
Traditionally the phrase 'pay per hit PR' has sent shivers down the spines of PR consultants, but the good news for small businesses is that some PR practitioners, are meeting the need for low-cost results-driven PR. With the popularity of pay per hit PR increasing, here's what you need to know.
http://www.bytestart.co.uk/content/marketing/pr/pay-per-hit-pr.shtml
New tough Health & Safety penalties and how to avoid them
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Business owners should be aware that the introduction of the Health and Safety (Offences) Act significantly increases the criminal penalties that employers can face for breaches of the law. Rule-breakers can now be fined up to £20,000 and be jailed for up to two years.
http://www.bytestart.co.uk/content/legal/35_1/health-safety-offences.shtml
Guide to new HMRC tax penalties regime from April 2009
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A new, tough, HMRC penalty regime came into play from 1st April 2009. Individuals and business owners can now face penalties of up to 100% for deliberately underpaying tax. The new HMRC penalty system has been drawn up to encourage people to take more care when submitting tax returns and other documents, as well as to deter deliberate under-assessment of tax liabilities.
http://www.bytestart.co.uk/content/taxlegal/9_6/hmrc-penalties-regime.shtml
Detailed guide to the new VAT penalty regime from April 2009
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April 2009 also marks the introduction of a new VAT penalty regime. Here's what you need to know about the new VAT penalties, including how they can be triggered, the range of penalties and how to defend and appeal a VAT penalty under the new rules.
http://www.bytestart.co.uk/content/taxlegal/9_17/vat-penalty-regime.shtml
Changes to UK income tax and NIC rates from 6th April 2009
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The UK's income tax rates, allowances and taxable bands all change from 6th April 2009. Changes are also made to self-assessment 'payment on account' thresholds.
http://www.bytestart.co.uk/content/taxlegal/9_20/april-2009-tax-changes.shtml
Corporation Tax Rates 2009/10
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Corporation Tax Rate Tables for 2009/10 tax year. The 'small companies' tax rate remains at 21%.
http://www.bytestart.co.uk/content/taxlegal/9_15/corporation-tax-rates-2009-10.shtml
National Insurance Rates 2009/10 - NI Rates
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National Insurance contribution (NIC) rates for the 2009/10 tax year.
http://www.bytestart.co.uk/content/taxlegal/9_15/national-insurance-2009-10.shtml
Income Tax Personal Allowances & Taxable Bands - 2009/10
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Personal income tax allowances and taxable bands for the 2009/10 tax year.
http://www.bytestart.co.uk/content/taxlegal/9_15/income-tax-allowances-2009-10.shtml
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SMALL BUSINESS NEWS
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Raft of new employment laws came into force this week
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A raft of new employment laws came into force, on April 6th. The changes include; a broadening of the right to request flexible working, abolition of the statutory dismissal and grievance procedures and an increase in paid holiday from 4.8 to 5.6 weeks.
http://www.bytestart.co.uk/content/legal/35_1/new-employment-laws.shtml
Number of new enterprises remained steady in 2008
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Statistics released by Barclays show that the number of new businesses set up during 2008 increased on 2007 levels, with female-run startups showing a 9% increase.
http://www.bytestart.co.uk/content/news/statistics/start-up-business-2008.shtml
Budget 2009 - Tax rise uncertainty would harm small businesses
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One of the leading accountancy bodies has called on the Government to think very carefully before implementing tax rises in the 2009 Budget, and are calling on the Chancellor to heed their advice on these 4 key issues for small businesses.
http://www.bytestart.co.uk/content/taxlegal/9_18/acca-budget-2009.shtml
** For the latest Small Business News, visit http://www.Bytestart.co.uk **
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