Tax Saving Accountants

Banking crises is easing says Bank of England

The Bank of England says conditions in the financial system are easing, although the banking system is fragile and vulnerable to disruption. In its Financial Stability Report, it said the total losses from the financial crisis reached $15tn (£10tn). However, that is a substantial improvement from March”s estimate of a $25tn fall in the value […]

Tax Saving Accountants

House sales is rising

The number of homes sold in the UK has continued to rise, according to HM Revenue and Customs (HMRC). Some 62,000 residential properties costing more than £40,000 were sold in May, up 7% on the previous month. The figure was the highest since October but still well down on the level of transactions seen during […]

Tax Saving Accountants

4 billion tax being lost in the uk offshore

The UK is losing at least £4bn a year through residents holding money in offshore tax havens, research claims. Offshore Tax Havens In Jersey, Guernsey & Isle Of Man Jersey, Guernsey and the Isle of Man were among popular spots for the wealthy to hold savings, the TUC said. EU rules allow UK residents to […]

Tax Saving Accountants

Fifteen percent in one year for house prices

House prices in England and Wales in January were 15.1% lower than a year earlier, says the Land Registry. The figures from the survey, widely regarded as the most authoritative, reveal that prices dropped by 0.8% in January compared with December. This is the 17th month in a row that average prices have fallen, following […]

Tax Saving Accountants

TUC – Banks must come clean

The TUC has called on the government to force High Street banks to come clean about their activities in tax havens. It wants those banks that have received taxpayer money, or assistance from the Bank of England, to fully disclose their tax payments in these tax havens. The union said its research showed that Barclays, […]

Tax Saving Accountants

Innovation my curb recession with invertment

The government needs to deliver a ‘new economic deal” for UK business, according to leading investment groups. The National Endowment for Science, Technology and the Arts (NESTA) is calling on the government to commit set long-term goals to rebuild the economy beyond the ‘short-term” fiscal stimulus of the Pre-Budget Report. View the full article here

cyber criminal
Tax Saving Accountants

Businesses Must Guard Against Fraud

Business fraud has been described by the British Metropolitan Police as “simply the intent or the act of misrepresentation – scammers lying about themselves or their actions and services – to cause a gain or loss.” Businesses need to remain wary of fraud despite a rise in fraudster prosecutions, new figures show. National crime statistics […]

Tax Saving Accountants

Stonehouse, Peterborough Accountants News Update – The UK tax burden

FACT: The UK tax burden on families is said to have risen by up to 150% since 1997. The UK, through levying stealth taxes could be considered one of the highest burden taxation countries in the world. FACT: (UK) Stealth Tax is a term used for income tax https://en.wikipedia.org/wiki/Tax levied in such a way that […]

Tax Saving Accountants

Retail Uk sales fall 3.9 percent in June

The reversal from the revised May figure is the sharpest monthly decline since the series began in 1986. Analysts had expected a decrease, with consumer spending being squeezed by rising fuel bills and food costs. The fall cut the annual growth rate to 2.2%, while sales in the three months to June were up 0.6% […]

Tax Saving Accountants

A quarter of start-ups make up legal contract

According to a survey by legal firm ContractStore.com, over a quarter of new businesses are failing to seek legal guidance when putting together documents such as terms and conditions, employment contracts and sales agreements. While saving on legal fees, businesses drafting their own contracts risk leaving out clauses that would protect them if the other […]

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