Purchasing equipment

Acquiring plant and machinery and equipment for your business. HP Finance You will incur monthly interest charges on the outstanding credit you are given You can own the equipment at the end of the lease and may be required to make a nominal or Balloon payment at the end of the lease term. You will get 100% tax relief on the initial purchase value ( in the year of purchase) and on the interest charge you incur on finance. Equipment leasing Quite a few of my dental clients prefer t...
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Small Businesses Not Borrowing

Small Businesses Not Borrowing A survey from the bank-funded Business Monitor has revealed that only 40 per cent of companies with fewer than 250 employees have reported using any form of external finance ( Loans , Borrowing ) in the three months to September, which is the lowest level of borrowing since the beginning of 2010. The reasons for this appear to be a combination of business owners’ disinclination to borrow, given the uncertain economic climate, and a lack of confidence in traditi...
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Government plans to introduce Universal Credit

Government plans to introduce Universal Credit   In 2010, the Government announced it was to make changes to the benefits system, with Universal Credit replacing a raft of exisiting benefits. The new credit system, administered online, will replace the following benefit: Income based JSA Income Based ESA Income Support Housing Benefit Council Tax Benefit Child Tax Credit & Working Tax Credit Crisis loans and community care grants There will be a maximum Unive...
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Tax Offenders Register Proposed

Tax Offenders Register Proposed Chairman of the Public Accounts Committee, Margaret Hodge, has suggested that people who use aggressive tax avoidance schemes disclosed to HM Revenue & Customs (HMRC) under the disclosure of tax avoidance schemes (DOTAS) regime, should be ‘named and shamed’ on a public register. In an interview with The Times, Mrs Hodge said she is sure that such artificial schemes, which cost the Treasury £4.5bn a year, would have “a lot fewer members” if they knew that t...
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