MORE ACCOUNTANTS
The number of Accountants is set to rise over the next few years to cope with the fall out from the recession. They will have to be skilled and experienced in business and management.
INCORPORATION
Paying less Tax and N.I., once the major benefit of a Limited Company 'v' sole traders or partners, may not be such a good deal. With the loss of the 10% tax rate, additional costs in accountancy, compliance with the Companies Act, PAYE, Benefits in Kind and company car costs, incorporation has lost its general advantages for profits between £20k to £25k.
BUSINESS START UPS
It is reported that there has been a 25% rise in the number of people seeking advice in establishing a new business compared to the same period in 2008.
EXPENSIVE MISTAKE
M.P's expenses are the political hot potato at this time. The taxation of expenses should be on the same footing for income.
INHOUSE FRAUD SURGE
Fraud committed against companies by their own employees has surged this year, providing evidence that the recession is fuelling a rise in crime.
FLY IT AGAIN, SAM
A new low cost airline, Air Arabia Maroc, will be based in Casablanca offering a route between Morocco and London Stansted four times a week.