LiveWire - February 2010

This month's Livewire continues the tax planning theme.

We have expert advice on how best to make pension contributions, details of how you may be eligible to reclaim VAT paid on entertaining and new requirements for online filing from April 1st.

Toyota's ongoing problems provide a backdrop for a crash course in crisis communications and we clarify the latest tax disclosure scheme for medical professionals.  Who's next we wonder?

As always we would love to hear from you if you have any topics you would like to see featured in LiveWire.

Please contact Lesley Stalker, Simon Paterson or Paul Webb on 0870 2255220 for more information.

'i' VAT - VAT goes paperless

Remember, VAT goes paperless with effect from 1 April 2010! Well, VAT Returns that is. From this date, you will have to submit your VAT Returns online and pay any VAT due electronically.

The only businesses which will be entitled to continue to submit paper VAT Returns will be those with a turnover of less than A
100,000 (exclusive). To find out more click here...

Last month HMRC announced the second of its new disclosure agreements, rather appropriately named the Tax Health Plan (or THP), this time aimed at medics.

As with the original offshore disclosure initiative, medical professionals have a timeframe in which to declare their true earnings and thereby the tax payable, without incurring a heavy penalty or further investigation. To find out more click here...

Since  pension simplification there have been in excess of 150 legislative changes to pension rules, hardly simplification!

We therefore asked local Independent Financial Advisors Knight James to remind us of the basics.

For all the details click here ...

Many crisis communications experts have criticised Toyota's handling of the recent Prius recalls. 

What lessons can businesses learn from the way Toyota handled its response to the problem.  Click here to read more ...

Website Article - SME Resolutions - www.growthbusiness.co.uk (January 2010)

Magazine Article - Money Saving Tips - About Thames Ditton Magazine (February 2010)