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News - 1 May 2013

May 2013 NewsLetter

Welcome to the May 2013 ABDS newsletter designed to keep you informed of the latest Accounts, Tax and Business issues.

 In this edition we are looking at:

  •  Tax and benefits changes for the 2013/14 tax year
  • The debate about Academy schools is over
  • Funding For Lending Scheme Given Makeover
  • More work-based 'studio schools' announced
  • HMRC to keep up the pressure on tax defaulters
  • UK Economy Just Avoids Triple-Dip Recession

 

As part of our regular features we introduce you to one of our team members, this month it is David Nelson, from our Business Support Team.

 This month’s fact sheet is:

Audits: are you buying more than a signature at the bottom of a page?

 To request a copy Contact us now

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

Tax and benefits changes for the 2013/14 tax year

April sees the start of what is arguably the biggest year of changes since this Government's first in power.

We at ABDS aim to keep you fully aware of what is going on in the world of finance so we asked Stuart Coleman (Manager of the Tax Department) and Tonmoy Kumar (Manager of the Accounts Department) for a round-up of all the imminent changes and some of the important longer-term ones.…….To continue

 The debate about Academy schools is over

Andrew Webb, the new president of the Association of the Directors of Children's Services has stated that debate about whether England's academy schools are good or bad and about school buildings is "over."

 He made the comments as he took over as president of the ADCS, and he has also warned of the danger of "becoming slaves to league tables".………….To continue

 Funding For Lending Scheme Given Makeover

The Funding for Lending Scheme (FLS) to boost the economy has been extended and reworked in an attempt to help get more credit to small firms. The Bank of England and the Treasury said a new phase of their flagship FLS would be heavily skewed towards smaller firms.
 

Banks taking part in the programme will also now be able to lend to alternative providers of credit - such as leasing firms which often work with small companies - as well as mortgage and housing credit corporations.………….To continue

More work-based 'studio schools' announced

Thirteen new "studio schools" are to be set up in England from September next year. This will bring to more than 40 the total number of this new breed of schools, which mix academic studies with work-based training. The 13 new studio schools join 15 that are already preparing to open and 16 currently open.

About 14,000 students will go to them in total. All will offer GCSEs in English, maths and science, the government says, as well as A-levels and vocational qualifications, but will offer a "more practical way of learning"..………….To continue

 HMRC to keep up the pressure on tax defaulters

HMRC introduced a new monitoring programme against serious tax defaulters.

The new scheme extends the criteria of defaulters who may be subject to enhanced monitoring of their tax affairs. They are now persons who have been: ………….To continue

UK Economy Just Avoids Triple-Dip Recession

April sees the start of what is arguably the biggest year of changes since this Government's first in power.

We at ABDS aim to keep you fully aware of what is going on in the world of finance so we asked Stuart Coleman (Manager of the Tax Department) and Tonmoy Kumar (Manager of the Accounts Department) for a round-up of all the imminent changes and some of the important longer-term ones.……...….To continue

Articles from the previous ABDS Newsletter (click to open).

The spotlight this month falls on DAVID NELSON, Trainee accountant and business support.

David Nelson joined the firm in March 2010 leaving behind a career in retail.

He focuses mainly on bookkeeping, including remedial bookkeeping where necessary. David has A-levels in Law, Politics and Business & Economics.

David is currently studying for his AAT qualification and intends to continue his training with the ACCA in the near future.

David’s career in retail spanned 14 years inclusive of his part-time work while studying his A-levels.  During this time he worked across various retail departments and gained supervisory experience in most of these, most notably administration and compliance monitoring in the food department of a well known high street name, which, being a perfectionist, a requisite quality for all accountants, stands David in good stead for the future.

David has lived in Southampton for 13 years, unlucky for some, and intends to stay here for the foreseeable future.  David believes that life should not be taken seriously (see jokes below).  He is an avid reader of fantasy novels, watcher of football (he says Liverpool are the best team in the world), and plays chess in the Eastleigh League.  He drinks real ale and is addicted to Jaffa Cakes.

Contact ABDS to arrange a no obligation initial consultation, and see how WE can make a difference.

Great with People    Brilliant with Numbers   Clear and Precise with Words

And to prove Accountants do have a sence of humour we conclude with this month’s joke supplied by David Nelson (Trainee Accountant and Business Support), and because David is our featured team member this month, we are allowing him to offer some of his favourite one liners

An accountant, a lawyer and an architect walk into a bar

Bartender: What is this, some kind of a joke?

                             ------

What is the Golden Rule for passing Accounting exams?
Don't make any silly mistrakes!

                             ------

What do you call an accountant who can't account?
An ant.

                             ------

Did you know that 10 out of 9 accountants can't count?

                             ------

How many auditors does it take to change a light bulb?
How many did it take last year?

                             ------

Q: How many surrealists does it take to change a light bulb?

A: Fish.

 

OK Dave, that’s enough!

 

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

 

 

Great with People    Brilliant with Numbers   Clear and Precise with Words

 

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

 

 

 

 

 

 

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