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Taxman Targets North Wales

Posted On: Thu 08 Dec 2011 Posted In: News Posted By:

chess1-150x150 HMRC has announced that 2 of its new Taskforces will be assigned to North Wales in order to seek out fraudulent tax evaders. The areas under scrutiny are self-employed traders in the construction industry, and private landlords who own 3 or more properties. Individuals under suspicion could expect an in depth compliance review, which would include looking at accounting records, invoices and declarations for tax returns to ensure there has been no understatement. Whilst honest businesses have nothing to fear, anyone caught out by the task forces can expect to be treated with very little symp... read the full story

SMEs are owed an average of £39,000

Posted On: Wed 07 Dec 2011 Posted In: News Posted By:

iStock_000002762799Small-300x199 On the day the new Salisburys web site site goes live... Small and medium-sized enterprises (SMEs) are owed a record £33.6bn in late payments, according to new research by payment company Bacs. Bacs said the figure - a rise of 10% over the last year - is the highest since records began in 2007. SMEs are owed an average of £39,000, and are waiting up to two months to get paid, claims the report. It added that half of all UK SMEs - 861,000 firms - are currently experiencing late payments. Full storyMike Hutchinson, head of marketing at Bacs, said: "The issue of late payment ... read the full story
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