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News - 1 March 2015

March 2015 ABDS newsletter

Welcome to the March 2015 ABDS newsletter designed to keep you informed of the latest Accounts, Tax and Business issues.
 
In this edition we are looking at:

  • Problems for schools expected with changes to the exam system.
  • Government Launch Initiative to Support Business Start-up
  • Tax break for married couples
  • UK interest rates at a six year low
  • Arts and creativity 'squeezed out of schools'
  • When is a person Employed or Self-employed?
  • Increase in audit income thresholds for Charities.
  • Local Enterprise Partnerships urged to improve business support
  • Are schools doing enough to stretch the most able?

As part of our regular features we introduce you to one of our team members, this month it is our it is our Marketing Manager Mike Twomey


This month’s fact sheet is:
Tax planning for 5 April 2015
 
To request a copy Contact us now
 
The ABDS Quiz

Who said?

We are all here on earth to help others; what on earth the others are here for I don't know.

and
The trouble with having an open mind, of course, is that people will insist on coming along and trying to put things in it.

and
There's no such thing as a free lunch.

For the answers go to the end of the NewsLetter

And we will conclude, as usual, with a Joke, from our resident comedian David Nelson.

Problems for schools expected with changes to the exam system. 
 
The National Association of Head Teachers (NAHT) says it fears that the changes to the exam system, due to come into force in six months’ time, will leave students unsure which exams and subjects to take.
 
The government hopes to make A-levels and GCSEs in England more rigorous……..To continue
 
Government Launch Initiative to Support Business Start-up
 
A new business start-up initiative that will build on the success of the Ready for Business programme has been announced by Nick Clegg, Deputy Prime Minister.

The programme funded by the Government’s Regional Growth Fund (RGF) will be delivered across England………….
To continue

Tax break for married couples
 
David Cameron has launched the Government's new married people's tax allowance which could save some couples up to £212 a year.

From 6 April 2015, more than 4 million married couples and 15,000 civil partnerships will be eligible for the tax break. They will receive the benefit at the end of the tax year in 2016…..To continue.
 
UK interest rates at a six year low
 
The Bank of England have maintained the UK interest rates at 0.5%, the same rate they have been at since March 2009, a record period of six years.

Although recent economic growth had fuelled speculation of an imminent rate rise, the continuing low inflation (0.3%) has given the policy makers…….To continue

Arts and creativity 'squeezed out of schools'
 
A new report by the Warwick Commission on the Future of Cultural Values, found that between 2003 and 2013 there was a 50% drop in GCSE entries for design and technology, 23% for drama and 25% for other craft-related subjects.

In 2012-13, only 8.4% of students had…….To continue
 
 
When is a person Employed or self-employed?

The fuzzy boundary between employed and self-employed worker (aka “employment status”) causes enormous problems for engagers of workers, who need to decide how to treat each person for tax, national insurance, employment law, and pension purposes.
 
However, the problem is difficult as the answer for income tax……….To continue
 
Increase in audit income thresholds for Charities.

The Cabinet Office has announced that the audit income threshold for charities will double from £500,000 to £1 million in April 2015. The asset threshold, however, will remain unchanged.
 
This will effectively mean that almost 4,000 charities will be exempt from auditing requirements………To continue
 
Local Enterprise Partnerships urged to improve business support
 
A report by the Federation of Small Businesses (FSB) has called on Local Enterprise Partnerships (LEPs) to take the lead in improving the way local business support is provided in order to boost small business growth
 
The report, which is backed by………To continue

Are schools doing enough to stretch the most able?
 
A report from the education watchdog, Ofsted, says gifted pupils are not keeping up with their clever counterparts in independent and grammar schools.
 
Inspectors looked at how well pupils……To continue


Articles from the previous ABDS Newsletter (click to open).
 
The spotlight this month falls on our Marketing Manager, Mike Twomey

Mike Twomey BA (Hons) DipM MCIM
Marketing Manager
 
Mike Twomey has over 25 years’ experience in B2B and B2C marketing over a variety of industry sectors. At ABDS he is responsible for business development and retention, web site, social media and PR.
 
Originally, from the Midlands, he has lived on the south coast virtually continuously since going to the University of Portsmouth and Bournemouth University. In his spare time, he is passionate about his football, photography, surfing and the theatre. He also enjoys searching for unusual beers both draught and bottled, but enjoys nothing more than sitting with a glass and a good book while listening to the Rolling Stones


Great with People    Brilliant with Numbers   Clear and Precise with Words
 
 
And to prove Accountants do have a sense of humour we conclude with this month’s jokes supplied by David Nelson.
 

A chap goes for a job interview, one of the interview panel hands him a laptop and says "I want you to try and sell this to me."
The chap immediately stands up, and takes the laptop out of the room and down to his car.
After a few minutes his mobile rings, and the member of the interview panel says
"Bring back that laptop right now!"
“Certainly” says the chap, “£500 and it's yours."

 
Answer to the ABDS quiz:    
            
Who said?

We are all here on earth to help others; what on earth the others are here for I don't know.
 W. H. Auden
 
and

 
The trouble with having an open mind, of course, is that people will insist on coming along and trying to put things in it.
Terry Pratchett
 
and
There's no such thing as a free lunch.
Milton Friedman


We hope you have enjoyed reading our newsletter. We are here to help you so please contact us if you need further information on any financial topics such as: Audit, Accounts, Bookkeeping, Vat, Payroll, Tax planning returns and compliance and Business Strategy, including planning, coaching and mentoring. We are acquiring new clients who are interested in strategy for growth and selling their business at retirement so please do not hesitate to call us and discuss how we can assist you.
 
 
Lavinia and the team
 
 
 
Tel: 023 8083 6900
email: abds@netaccountants.net

Brilliant with numbers              
Great with people        
Clear and precise with advice
Timely and cost effective       
In touch with issues that face our clients and mindful of their long term strategic goals  

Helping Your Business is Our Business

 
Accountants for Business Development and Solution can cater for all your financial and business needs.

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