Osborne To Steer Us from Road To Ruin
Posted: 20/06/2010 Filed under: Investment, Non Dom, Offshore Solutions, Small Business, Uncategorized | Tags: business concerns, corporation tax, economy, election promises, Moving to London, moving to UK, Taxation, uk companies Leave a comment »Spending cuts, tax hikes, inflation, unemployment. The way the papers carry on you could sometimes think the the UK was doomed instead of experiencing an economic crisis being endured by most first world countries. Thank goodness Osborne is assuring us that he will be able to avoid complete disaster. Personally I never had any doubt but there you go.
Apparently Osborne is proposing to take us to prosperity via a bit of budget pain. The big questions on his policies are yet to be answered yet of course and we will have the answer to those later in the week. The budget will be released on Tuesday. In the meantime there has been a lot of preparation put into making sure the British people are ready for the worst.
The thing about a change of government is that it is in the new regimes interest to make sure we know just how badly the last lot landed us in it. So it stands to reason that we have been feed a steady diet of doom and gloom, how else could Osborne ride to the rescue on his white charger?
Don’t get me wrong, I understand the need for a tough budget and I am fully expecting one. It is just that I think the pain we are feeling is globally spread rather than Britain localised. Despite what people have been saying recently I believe that the British standard of living is still far higher than many places.
In the meantime if you have taxation issues or are considering the intelligent move of starting a British company then please get in contact. We are experts on that stuff here.
Pound Plummets As Hung Parliament Looms
Posted: 12/03/2010 Filed under: Investment, Small Business, UK Taxation | Tags: business concerns, corporate tax, corporation tax, economy, election promises, Moving to London, recovery, Tax, UK tax Leave a comment »There are probably those of us in the UK who are of the opinion that a hung parliament is exactly what the two main parties over here deserve. However, if you are in business here, one that does not involve import at least then you may have a vested interest in that not happening. It tends to be very dimly viewed internationally and as we were saying last week that can result in a drop in the value of the pound.
An article in The Telegraph last week set out exactly the reasons that a hung parliament is likely to result in a plummeting pound. Basically the financial unease would stem from doubt that the two parties could agree on how best to cut the deficit. (Yes sorry, that again, it does seem to be everywhere at the moment). Gordon brown is of the opinion that a severe attitude to public spending would result in a fragile economy, Cameron on the other hand want to swing the axe, citing the deficit as too dangerous to treat carefully.
Could this be the issue that decides the election? What are your thoughts on it? Maybe I am just a cautious person but I tend to agree with Brown on this one. And that is genuinely without bias towards either party. It may well be the issue that decides my vote. I think drastic cuts to public spending leave us too vulnerable in terms of our essential services. On the other hand it is clearly a very complicated situation and I must admit to it not being my area of expertise. That said I promise to steer clear of the deficit as a subject for awhile.
If you are in a situation with your business where you you need to make some hard choices, especially if they are in the taxation field then ring us for a chat here at St Matthew’s eAccounting. That is our field of expertise and we can help you out.
Politicians Owe Small Business A Dialogue.
Posted: 22/02/2010 Filed under: Small Business, UK Company Set Up, UK Taxation | Tags: business concerns, election promises, Small Business Leave a comment »Business groups are being very vocal at the minute about the way the government should be treating Britain’s 4.8 million small businesses. And good on them I say. This country is going to need the small to medium sized entrepreneur desperately if it is going to come out of this economic hiccup, fighting fit.
The Federation Of Small business which is not to be taken lightly with its 200,000 members is lobbying hard for each political party to speak directly to small business and lay their policies pertaining to them on the table. It appears that politicians are taking this to heart with shadow business minister,Mark Frisk stating that the Conservative party will, in the coming weeks, provide specific detail to small business. Lib dem’s Jon Thurso is set to follow suit.
The FSB want politicians to move back to the ways of 1897 where each party published clear policy statements instead of the trend of late which has been to just give a general business overview. Mr Alambritis, spokesperson for the FSB, said this week: “It’s very hard to pin them down on what their policies are. There’s always a general manifesto with some good words. But what we want to do is hold them to account.”
That seems fair enough to me. There is no point politicians making lovely sounding promises if no one can ever track them well enough to see that they are kept.
At St Matthew’s eAccounting we deal with all sorts of small business and all of their asorted issues. If there is something you would like to discuss about your taxation or any other concerns you may have please get in contact for a chat,
