Steedman and Company

Universal Credit Problems with Online Usage

admin — Wed, 15 May 2013 12:39:15 +0000

Universal Credit has been cited as the solution to deal with all benefit claims but the plan to focus the system towards an online portal has been met with difficulties. Primarily, as with any real-world service, moving the process to an online gateway relies upon people actually understanding and being able to use the platform. [...]

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Steedman Pinterest Page Added

admin — Tue, 14 May 2013 08:30:23 +0000

We have just added an exciting new Pinterest page here – http://pinterest.com/steedmancompany since we’ve found the web to be extremely visual, even when it comes to tax and accounts. We have already added several ‘boards’ and look forward to enjoying pinning lots of infographics and other business-related imagery in the future. Any ideas for what else [...]

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UK Tax Evaders Targeted by G7

admin — Mon, 13 May 2013 06:23:16 +0000

UK tax evaders have been warned that there is a combined effort aimed at them and other industrialised nations who are part of the G7 group. Tax evasion in the US, UK, Germany, Japan, Canada, France and Italy has been blamed for financial doom and gloom along with the practices of big banks. Unity across [...]

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Recession Double Dip Avoided by UK?

admin — Sat, 11 May 2013 16:14:21 +0000

The ONS (Office for National Statistics) has questioned the extent of the recession double dip which was reported to a wide extent in 2012. Now it appears the construction industry shrank in the first quarter but not by as much as it was understood at the time. This could mean that technically, the economy never [...]

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Tax Help – 101 Must-Have Tax Accountancy Web Resources

admin — Tue, 07 May 2013 03:20:37 +0000

Do you need tax help? If you’re stressed over your tax and accounts simply fill in the form below to download our fantastic new eBook – ’101 Tax Accountancy Web Resources for Small Businesses’ for free. Then you will be armed with all the knowledge you need to keep up with the latest news affecting tax and [...]

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Extra Statutory Concession A19

admin — Sun, 05 May 2013 18:38:02 +0000

Extra Statutory Concession A19 has been making headlines lately after HMRC recently campaigned to end ESC A19 altogether. The suggestion was to discontinue accepting situations where affairs weren’t in order for various reasons and where out of the ordinary events had led to a tax payer’s affairs being in disarray. However, under pressure from accountants, [...]

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Define Due Diligence – Investigating a Business for Acquisition

admin — Sat, 04 May 2013 15:12:42 +0000

To define ‘Due diligence’ a simple way of looking at it is investigating a business and its assets for an acquisition. The term can mean a legal process but often involves a voluntary investigation of the business for sale. Define Due Diligence – ‘Conducting an Investigation’ A due diligence investigation usually involves: An examination of [...]

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Public Accounts Committee Urges Accountants Ban

admin — Thu, 02 May 2013 08:05:58 +0000

The Commons Public Accounts Committee has urged a ban on external accountants inside the government in an effort to prevent taxation loopholes being passed on. HMRC is thus pitted against the seemingly over-powering strength of the large accountancy firms who are well set-up to hand out advice to their clients. However HMRC also said they [...]

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Tax Return Deadline Catches Many as HMRC Now Issue Daily Fines

admin — Wed, 01 May 2013 07:46:46 +0000

Tax Return deadline cut-off fines are likely to be issued by HMRC to between 500,000 to 1m late filers from today. £100 fines were already given to upwards of 800,000 self-assessment taxpayers who failed to submit their returns by the tax return deadline of January 31st. However daily fines are now set to be issued to [...]

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Cyber Attacks Threaten SMEs

andrew — Tue, 23 Apr 2013 14:50:34 +0000

Small businesses are being encouraged to tighten up their security amid research that revealed that cyber attacks on businesses have increased over the last year. The Department for Business, Innovation and Skills (BIS) said that some attacks cause over £1 million worth of damage. Their research showed that small businesses are increasingly at risk, with [...]

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