CH Accountants

Study Revealed That The Govt. Spend Only One Third Of Motor Tax On Highways

Fri, 23 Dec 2011 09:33:45 +0000

The Government is taking 3 times the amount on motoring taxes than they’re really spending on highways, according to a number of new findings. Data by the Department for Transport (DtF) reveal that officials are spending only 1 / 3 of motor tax collected from Britons on the roadways. In 2010, petrol taxation raised a huge £27 billion for the Treasury with a further £5 billion derived from vehicle execise duty (VED). However, a brand new survey has shown that in 2010/11 only £5.7 billion was spent on local roads and £3.75 billion was used on nationwide roads. Perhaps they may be in need of a tax calculator to help them to work out all of the figures.

The DfT state that VED has almost doubled within the last 23 years and also the increase in revenue from fuel duty has much more than tripled. The stats found that in 2010/11, £7.6 billion was spent on railways and also £4.9 billion went towards local public transport. Overall, £22.9 billion of public spending was spent on transportation in the UK. These figures, unless carefully monitored, may become mind-boggling for the Treasury to maintain so it is vital they understand their equations and also use an accurate vat calculator.

What’s more, the department has published its findings on the overall cost of motoring which shows that from 1997 to 2010, the total cost including purchase, petrol and also oil, tax and insurance, has gone up slowly and gradually. Her Majesty’s Treasury is the United Kingdom’s economics and also finance ministry however fundamentally they are in control of the Government’s monies. Be responsible of your own finances by working out savings, loans, mortgages and also currency by going to Calculator.co.uk today. Not sure whether you really can afford the monthly repayments on a new car on finance? Simply use a car finance calculator with the specialists.

Businesses lessening energy use due to expense

Wed, 21 Dec 2011 13:49:14 +0000

High priced business electric and gas costs have lead to many organisations reducing the amount of energy they are using, in accordance with figures from British Gas parent company Centrica.

Gas consumption by businesses decreased by 15% and electricity use fell by 12% in the first ten months of 2011 compared to the same time period in 2010. Domestic customers are also lowering their energy use, with gas consumption in homes dropping by 17% and electricity by 3%. Despite the fact that these results are just for British Gas customers, other energy suppliers are likely to have comparable results.
As a result of people cutting back and the Indian summer at the end of October, Centrica have stated that they will be expecting a reduced profit at the end of 2011 – nevertheless, they are still expecting to make £2.48billion in profit regardless of many domestic and business customers struggling with their bills.

With many companies finding that their current business electricity prices are simply too high, swapping providers is advised to ensure that business owners are getting the ideal price and not spending more than they have to on essential outgoings.

As well as employing the Big Six, there are a variety of smaller business electricity suppliers that offer a variety of different tariffs. Just for this, business decision makers should make certain that they are not just staying with the basic tariff from their present energy supplier and rather devote some time to exploring other choices.

Spending a little time looking around for the next energy plan could help businesses reduce the cost that they are spending on their business gas and electricity, so it’s undoubtedly a worthwhile use of your time no matter how busy and frantic your agenda may be.

Do Not forget the tax return due date of January 31

Tue, 20 Dec 2011 11:12:22 +0000

With the end of year quickly nearing, now is the time for contractors to start thinking about having their taxes in order prepared for the approaching deadline from HMRC.
The deadline for returning your online tax return is midnight on January 31st and if you forget this date you will be expected to pay a penalty to the HMRC even though you do not owe any money or have already repaid anything you owe.
If your return is only one day late, you will automatically need to pay a £100 fixed penalty and there is a scale of additional penalties based on how late the tax return is. If it’s up to three months late, you’ll need to pay £10 each day up to a maximum of £900 and then there are even more fees to pay if it is any later than this.
As well as the deadline of January 31, there is an earlier deadline of December 30th if you want any taxes you owe obtained via your tax code, that may be done if you owe less than £3,000, so if you have not yet began to think about completing the document it is now time to.
Completing a tax return can be time consuming and a lot of contractors find that they simply don’t have the time to fill out the forms. A good way of dealing with your taxes would be to hire the accountancy services of specialist contractor accountants like Nixon Williams who could prepare your tax return for you on your behalf so you can be certain that things are fully completed well in time of the deadline.
Being an accounting company which specialise in providing services to contractors, you can be certain of an effective service when you use Nixon Williams for all your accountancy needs. The knowledgeable team have experience of working with contractors in a number of industries and sectors, so that you can be certain that your finances will be dealt with effectively.

Ensure you don’t overlook the online tax return due dates

Mon, 19 Dec 2011 11:33:32 +0000

With the end of the year rapidly approaching, this is the time for businesses and people who own their own businesses to start thinking about filling in and posting their tax return.

The deadline for returning a paper tax return was October 31, however, if you’re among progressively more people that do their taxes online, you have until the end of January to fill in and submit your forms.

While some people are conscious of the January 31 deadline, it comes with an earlier deadline of December 30 for anybody that owes less than £3,000 and wants to pay it through their tax code.

Should you forget the deadline, you will find fees and penalties to pay for. If you are one day overdue in submitting, there is an automatic £100 predetermined fee and for every day it is late there is an additional £10 charge. There are also greater fines if you are over 6 months late, so make certain you send it off in good time to avoid the fines.

If you’re having difficulties with your tax return, get in touch with Liptrott and Woosey Accountants for assistance with completing and filing your return as well as guidance with all elements of business accountancy.

From assisting with business plans to assisting with income, Liptrott and Woosey Accountants Manchester strive to help all their clients be successful in business by providing honest and accurate advice.

The team behind Liptrott and Woosey have significant experience in the industry and created the company as they believed that the larger companies they worked for simply weren’t offering clients with the personal touch. Liptrott and Woosey are fixed fee and pride themselves on their friendly service and being just a phone call away should a client need any help or advice.

Fake Insurance Claims of Whiplash Cost Every Driver Almost £100

Fri, 25 Nov 2011 17:02:31 +0000

Despite there being a fall in the amount of vehicle accidents, fake insurance claims of whiplash are costing every driver almost £100.

It has been stated that a large number of whiplash statements are ending with the average car insurance policy increasing by £90.

As outlined by a survey of GPs by the King’s Fund, the accident rate came down by 16% and yet a ‘whiplash epidemic’ over the UK is resulting in a massive £2billion a year craze.

The amount of claims has increased by 30% previously three years, jumping to 570,000 a year- or just one claim per minute.

Conclusions from the Insurance Fraud Bureau, declare that a minimum of 30,000 whiplash claims are outright fraudulent and are costing £350 million a year. Insurers say several doctors and ambulance-chasing lawyers are ‘scamming the system’ and data demonstrates 47% of UK doctors think the claims method is flawed.

They are calling on the government to put into action new recommendations to handle the culture; one that includes a better quality process for the diagnosis of, treating and coping with whiplash insurance claims. One insurer declared the current system, as evident of the findings, is open up to abuse and enables false claims to be generated.

You can find over 1,600 whiplash diagnoses a day, consider getting professional insurance claims advice with professional loss assessors.
For many claims in excess of £1,000, your insurance company will appoint its own loss adjusters who’ll investigate the claim. For any insurance help whether it is for whiplash, fire, burglary or flood; get in touch with Insurance Claims today- the best known insurance claims management experts in the UK.

How Can I Minimize My Winter Home Energy Bills?

Wed, 23 Nov 2011 11:22:38 +0000

With increasing energy prices and soaring food charges, homeowners are continually looking for ways to save money. Many energy suppliers have risen the gas and electricity costs that has led to many Brits fighting to cover their bills. This winter is looking to receive falling temperatures and icy winds but desperate Britons are having to freezing within their homes because they cannot afford the finances of increasing energy prices. It’s very dangerous to not keep warm in the wintertime as people could become very ill from being too cold.

So how do you keep warm but also reduce your winter energy bills? A simple quick-fix approach to slow up the invoices is conservatory roof insulation. By putting in insulation Brits can turn the conservatory into an inviting and cozy living space. The professionals at Roof Cozy can make sure the room is not too hot in summertime or too cold in the winter and it tremendously elevates effectiveness on the subject of heat loss and waste. Brits can also change tariffs to make sure they are on the very best possible plan and with the top supplier to save hundreds of pounds a year.

Along with conservatory ceiling insulation and insulation in the loft and walls, it is advised that you turn the heating down just 1C to reduce costs by up to 10%. By turning the heat down this tiny amount you can save approximately £55 a year in accordance to the Energy Saving Trust. Furthermore, buy curtains that insulate the room better, turn the radiators down in rooms that are empty and fraught-proof the home to keep all the costly heat inside.
Furthermore, the Government has plans for every home to have a smart meter by 2020 which will tell the dealer about the energy use directly rather than on quotes so the bills are more precise.

As specialists in conservatory roof systems, Roof Cozy can provide a two-year insurance backed guarantee but we suggest Brits to invest an A-rated high-efficiency condensing boiler as well as get double-glazing. Setting up solar panels, a new boiler and economical windows is expensive having said that in the long-term it will help save extra money. Stick to these recommendations today and lower your winter energy bills.

Denmark Enforces Fat Tax To Manage Unhealthy Eating

Thu, 13 Oct 2011 16:31:05 +0000

Governments across the globe are carrying out various techniques so that you can deal with resident obesity for instance reducing fast food stores but Denmark has gone to an extreme and is now billing its population more money.

The Nordic country has put a ‘fat tax’ on foods like butter, oil and chocolate in an effort to take a stand against unhealthy eating routine.

The newly introduced tax will raise the price of foods like burger, sugar and soft drinks which is considered to be the first country in the world to tax fatty foods.

The Walled Garden Bistro just uses excellent foods that are bursting with flavours, so be assured you can eat what you would like at a price you can afford without a fee increase.

The cost increase on small packages will only raise slightly, however at the end of the shop there could be a substantial influence on the shopping bill.

The scheme is to help increase the typical life expectancy of Danes which is currently below the average at 79 years-old. Hungary already has a new tax known as Hamburger Law but it only involves higher taxes on pastries, food flavourings and salty snacks.

Other countries are reportedly thinking about related taxes as a possible way to target Europe’s increasing obesity crisis. Some experts argue though that it will do nothing to change consumer’s harmful eating habits. It is stated 70% of the British population will be obese or overweight by 2050.
Eat fine food that is wholesome in addition to delicious at the award-winning Bistro Preston, the Walled Garden.

Getting to grips with HMRC’s tax allowance for Christmas parties

Thu, 13 Oct 2011 15:20:54 +0000

It’s the time of year when companies are starting to book their Christmas party Preston, and when selecting what to do and just how much to invest, it’s important to take into account the tax exemption provided by Her Majesty’s Revenue and Customs (HMRC).

Companies who put on a yearly Christmas party Lancashire for all their employees can receive a £150 per head entitlement towards it, meaning the price of the big event is not liable to tax or National Insurance payments.

There are a number of points that have to be considered with this entitlement. It’s not an allowance – an employer can’t put on a more costly event and apply the £150 entitlement to offset this. The event should also be open to all employees at a location, so a celebration just for senior staff would not receive this entitlement.

All costs has to be taken into account; including venue hire, transportation and food and drink, and is then separated by the number of employees attending. If it comes to a lot more than £150 per person, there is no tax reduction.

There are numerous possibilities for employers looking for the perfect venue for their Christmas do, and if you’re considering hotels Preston, the Barton Grange Hotel could be your ideal area. Located just north of Preston in the captivating village of Barton, the hotel has fantastic transport links as it’s just a few minutes from both the M6 and M55, so all employees at your company can easily get to and from the party.

If you feel like making it that little bit more special, why don’t you stay over afterwards? The Barton Grange Hotel provide double or twin rooms for just £55 per night so you can enjoy a relaxing night’s sleep after your event and awaken renewed for the next day!

How to borrow money if you have bad credit

Mon, 19 Sep 2011 11:32:22 +0000

Even though the recession is over, many people are still struggling with their finances and find that their monthly pay is only just enough.

When money is tight an unexpected bill or expense can cause significant problems and worries, especially for those individuals who have bad credit. Many people, through no fault of their own, are simply unable to borrow money from mainstream credit sources such as banks and building societies.

Reasons for this can include being on benefits, being unemployed or having CCJs or arrears and for people on a limited or fixed income being unable to borrow money can be very detrimental.

However, there are solutions out there for people who either can’t borrow money from the banks or just want to borrow a small amount of money for a short period of time.
One option is to consider taking out a doorstep loan. This is a small amount of money which is borrowed for a fixed period of time, usually a couple of months. It is known as a doorstep loan as the money is delivered to your door and the repayments are collected weekly by an agent who calls at your home.

www.doorsteploans.co.uk provides information on Doorstep Loans UK and can help you decide if a doorstep loan is the right option for your situation. As with any other financial product you need to think carefully before agreeing to loan and be sure that you know exactly how much you will be paying back and over how long a period before you sign on the dotted line.

Energy efficiency investment fund launched in London

Thu, 15 Sep 2011 09:41:46 +0000

London Mayor Boris Johnson has launched a brand new fund for public sector organisations to help make their buildings more energy efficient and lower carbon emissions.

The London Energy Efficiency Fund offers cheap loans for organisations for example hospitals, local authorities and police and fire stations to setup energy efficiency equipment in their premises.

The fund provides loans of between £3 million and £10 million for installing actions such as energy efficient lighting systems, replacing boilers and installing smart meters. It is predicted that NHS Trusts, housing associations and organisations in the voluntary sector will be among those that will borrow money from the fund.

Presently, 10 per cent of all carbon emissions in the capital come from public sector buildings alone so reducing emissions from these buildings is essential to assist the city in reducing its carbon footprint.

However, it is not just big organisations who should look to cutting their CO2 emissions. Smaller businesses may also have a good effect on the environment by lowering their carbon emissions. Utilizing the services of a company which offers environmental consultancy services such as Apollo Enviro can help you find places were you could minimize your carbon emissions.

From installing voltage optimisation units to decrease the energy used by a business’ gear, to arranging environmental awareness workshops to show staff how small changes to their routines can make a big difference, Apollo Enviro can help businesses reduce their carbon footprint and maybe even save money on their energy costs.