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News - 1 November 2011

November 2011 ABDS news letter

In this edition we will be looking at planning for the Autumn, seeing why the stock market fluctuates, the Retail Distribution Review penalties for late tax payments.

We also introduce you to one of our team members, this month it is our Accounts Manager Tonmoy Kumar, better known to you all as TK.

This months Fact Sheet is A Family Guide to Taxation. To request a copy Contact us now

And we will conclude with an accountancy joke supplied by our resident comedian David Nelson.

Its Autumn 2011… what should we be thinking about?

As the air gets colder, and the days shorter and there are Christmas things appearing in the shops. As Tonmoy Kumar, Manager of the Accounts Department of ABDS says: Autumn and spring are great times to take stock and take action.

Here are a few of his ideas on what can and should be done...............

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Why does the Stock Market Fluctuate? Part One.

People have wondered about and attempted to analyse the factors that drive the stock market since trading first began at the London Stock Exchange more than 300 years ago.
While there is no one definitive answer, there are factors that are known to have a positive or negative impact on the equity markets, both on a daily basis and over a longer period of time.

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The Retail Distribution Review (RDI) and VAT.

The Retail Distribution Review (RDR) is a key part of HM Revenue and Customs (HMRC) consumer protection strategy. It is designed to establish a resilient, effective and attractive retail investment market that consumers can have confidence in and trust at a time when they need more help and advice than ever with their retirement and investment planning.

Read full article

Even the Business Secretary can get it wrong

Business Secretary Vince Cable has been fined by the taxman for failing to pay up to £25,000 in VAT.
The £500 penalty was for late payment of tax on earnings from media work and speaking engagements in 2009-10 - the year before he became a minister.
A tabloid newspaper claimed that Mr Cable earned an estimated £192,000 from media work in 2009-10, on top of his MP's salary of £65,738, but did not tell HM Revenue and Customs that his income had exceeded a pre-set threshold.

Read full article

The spotlight this month falls on one of the best known members of staff, TK.

Tonmoy Kumar B Com. ACA (India) FCCA.
TK originally qualified as a Member of the Institute of Chartered Accountants at a top Indian firm in 1998, and afterwards gained further extensive commercial and financial experience and his UK ACCA qualification in London.

TK joined ABDS as the Manager of the Accounts Department in 2006, where he brings his specialist knowledge and advice to clients on VAT on export and sales to the EU, compliance and UK tax planning.

As well as keeping abreast of the Hampshire business community while living in Southampton with his wife and young son, his major passion outside home and work is football, in particular Manchester United but I’m sure we can forgive him that (editor).

If you are looking for your accounts to be prepared accurately and on time, if you are looking for proactive business advice on how to grow your business, if you are looking for an accountant who prides himself on gaining a clear understanding of your business requirements and deadlines, then call TK now.

As promised we conclude with an accountancy joke supplied by our resident comedian David Nelson.

What happens when you cross a transatlantic aircraft with an accountant?

A Boring 747.



Kind regards

Lavinia and the team

Tel: 023 8083 6900
email: ABDS@netaccountants.net

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