If a limited company in England and Wales makes an operating loss one year after making an operating profit in previous years, what happens about corporation tax? Is it possible to claim back corporation tax based on the loss made? The answer is quite simple. If a company has made a loss, it can carry [...]
There is a myth perpetuated by most high street accountants that their service has some sort of magical touch to it that necessitates paying them significant amounts of money for something that is not really needed. We have heard of companies being told that they need to pay for an audit because they have a [...]
Interesting question and one a lot of small businesses will be curious about. From our research we reckon the average cost is about £70 per 1000 emails for a business list, and much lower for consumer lists. This does vary enormously. If you go to ebay and search for email lists you will often find [...]
For many years companies have been paying their local accountants a set fee every year to handle all their accounts administration, often not realising what exactly is involved in this service. Very often the accountant will send out an occasional budget report or piece of advice on any change in tax law and hold a [...]
If you do a Google search for Outsourcing you will often see adverts offering savings of ten to fifteen percent off your current costs with occasional references to twenty five percent. These types of savings for large businesses with multi-million pound turnovers are going to be fairly substantial but for small companies it hardly seems [...]
The above statement is obvious. You have a vacancy, you telephone a recruitment agency, they send you a candidate, you interview them and employ them and the recruitment agency requires many thousands of pounds for doing hardly any work. Recruitment consultants themselves joke that this is a classic example of money for old rope that [...]
The internet has brought many new innovations to industry and business services. One of the main effects has been the development of low cost and fixed fee services such as estate agency, legal services, insurance and travel. All of these sectors have seen a massive increase in the number of low cost operators working exclusively [...]
In the last 20 years we have seen a massive increase in the phenomenon of outsourcing, which is the idea of handing over as many procedures and back office administration activities as possible in order to save considerable sums of money. Whole districts in India have developed business parks based solely on the outsourcing from [...]
