Posts Tagged ‘tax’

Business Update with Terry Gilbert

Posted in Business on July 25th, 2010 by Terry Gilbert – Be the first to comment

Last chance to claim. Tax Credits, which ever section might affect you, is raising the drawbridge on 31 July so get your claims in. Self-employed low earners may well be eligible for Working Tax Credits.

Well, it seems like yesterday that a hose pipe ban was imminent and we now have green grass and lots of water – could business be affected as quickly? It is fair to say that we are involved in major changes to our finances and revisiting our original budgets id s vital part of planning our way out of recession.

How’s this for a cheery statistic! In 1999 in the USA a total number of 28,874 people were killed by guns. In Britain the figure was 207. So sales may be down, rain maybe forecast but you are not likely to be shot for a day or two!!

You could of course order the new Bugatti Veyron super sport, crowned the world’s fastest production car with a top speed of 268 mph – how silly!!!

I hope all you retailers, cafes and hoteliers etc are displaying your “Heroes Welcome” stickers. If you do not have stickers then contact Weston-super-Mare Town Mayor. I would love us to be the ‘heroes’ friendliest town’ and be noted for it.

Quote of the day:

“I try to treat my team equally by treating them all differently”
​William Montgomery – on BBC

Business Update with Terry Gilbert

Posted in Business on June 29th, 2010 by Terry Gilbert – Comments Off

Well, first budget done and dusted and not as hard as some expected. The big guns like the FSB think that it is to be expected, knowing we have to balance the books and get out of debt. If it makes you feel any better, VAT in Denmark and Sweden is 25% and our 20% which comes into force on 4 January 2011, puts us in line with most European countries, but talks have started to re-consider.

Population is predicted to hit 65 million by 2020, that should keep someone busy (in retail I mean)!

Weston’s Water Park is almost ready, the Pier will be open soon, most of the sea defences are complete – bring on the grockells – let’s make hay etc!!

The need for a town train increases to help with parking and mobility around the town centre. This could be your project – talk to me for details.

Just a scan of the new “What’s On” in North Somerset shows there are a lot of people striving to put on interesting and varied events across the county. As for the clever programmes coming from Tyntesfield House – I applaud their ingenuity, we could all take a leaf from their book.

And finally ….

“Nowadays people know the price of everything and the value of nothing.”

​Oscar Wilde

Tax doesn’t have to be taxing

Posted in Business on February 22nd, 2010 by Terry Gilbert – Comments Off

I am sure you have all completed your online self-assessment and you wondered why you had not done it sooner (well I did).

Business rates are next – some clients are experiencing a 300% increase which needs challenging. Talk to your local Chamber of Commerce and ask for the forms to appeal. We need to get them sorted by April when you will be asked to start paying.

Diary dates:

Wednesday 24 February​-​7.00 pm Oak & Glass – Pudding Club

Thursday 25 February​-​8.00 am Rookery Manor – Business Breakfast

Friday 5 March​-​7.30 pm The Cove – RNLI Charity Dinner

Saturday 13 March​-​7.00 pm Winter Gardens – The Mayor’s Ball

Terry Gilbert will be at all of them and will see you there!!!

And finally:

If a quiz is quizzical – what is a test??!!

Terry Gilbert is Business Support Manager for the North Somerset Enterprise Agency www.northsomersetenterpriseagency.co.uk as well as being the director for the Weston Town Centre Partnership and Chair for Weston 200 and Weston Arts Social Enterprise.

Local Business in February

Posted in Business on February 2nd, 2010 by Terry Gilbert – Comments Off

Tax codes are a changing – HM Revenue has recently introduced a new National Insurance and PAYE system and is using it to issue notices of tax coding for the first time. This should lead to a more accurate result. If you are concerned your code is wrong, ring 0845 3000 627. It needs to be correct for 6 April 2010.

New rates are still filtering through. Some surprises have been experienced which may need help to rectify. However, some businesses may experience a reduction ie workshops and factories.

There is a lot of reasonably priced and subsidised training to be had across North Somerset – call 01934 418118 for details and dates.

BUY LOCAL – We are being urged to support our local shops. Buying on line is a novelty, but when all the shops are shut down it will be too late to support them, so think about them now, give them your support – use your STAR card for discounts.

Banks are opening up a bit – good business plans and budgets will get a fair hearing on loans and overdrafts, which is progress and good news.

“A problem shared etc” is just as important now as it ever was and proprietors should consider talking to the Enterprise Agency, their bank manager or their accountant.

For the business people who like to gamble – take a look at Penny Sleuth – Google will find it. Some of the shares floated there make 300% profit in two months – of course, some also make big losses.

Lots of good causes coming up:

RNLI Charity Auction and Dinner. To be held on Friday 5 March at The Cove Restaurant, Weston-super-Mare. Tickets £30 per head to include 3-course dinner

Charity Football match for the Children’s Hospice South West. To be held on Sunday 21 March at Clevedon’s Hand Stadium

New business directory being released through North Somerset Council next month. Also business support link on the Council website coming up soon

And finally:

Senior Citizens are officially the nations leading carriers of AIDS:

Hearing aids
Band aids
Walking aids
Medical aids
And finally – monetary aids to their kids!!

Terry Gilbert is Business Support Manager for the North Somerset Enterprise Agency www.northsomersetenterpriseagency.co.uk as well as being the director for the Weston Town Centre Partnership and Chair for Weston 200 and Weston Arts Social Enterprise.