• Small business owners ready to quit and become employees again

    Aviva has released a report showing that a quarter of business owners are considering closing and returning to work as an employee. Aviva asked the question “How do you feel about running a company in the current tough economic climate?” to which one in four agreed with the statement “I am actively considering returning to work as an employee.”     A third of those asked say that they have lost confidence in their business and half agreed that it is “too tough to be a business owner or entrepreneur in the current climate”.     Many business owners also ...

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  • HMRC amnesty for electricians to declare unpaid taxes

    HMRC have recently announced that electricians will be the next group to be offered an amnesty to declare unpaid taxes.  Due to start in February 2012, the amnesty is aimed to recoup the losses from tax avoidance and tax evasion. It will also give electricians the opportunity to deal with any tax issues without the same intensity of a tax investigation.  If a taxpayer refuses to take part, the chance of a tax investigation will increase significantly and if found guilty it could lead to prosecution. HMRC are now using sophisticated computer software to detect those not paying sufficient taxes.  As ...

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  • OFT warn debt collectors not to use social media

    The Office of Fair Trading (OFT) have today released their updated debt collection guidance which warns debt collectors against pursuing those who owe them money via social media websites such as Facebook and Twitter.   Under the guidance, the warning appears under ‘Physical/psychological harassment’ which incorporates ‘disclosing or threatening to disclose debt details to third parties’ and ‘acting in a way likely to be publicly embarrassing to the debtor’.   The OFT have given an example of ‘posting messages on social networking sites in a way that might potentially reveal that an identifiable person is being pursued for the ...

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  • DebtDr Ceases Trading

    The Debt Advisor are offering their switching service to clients who have been affected by the closure of debtDr.   Upon providing proof of arrangement, The Debt Advisor will waiver their set up fees in order to assist clients who have already paid a fee for their arrangement and to also ensure that creditors receive minimal disruption to their payments.   Bev Budsworth MD at The Debt Advisor comments, ‘We have recently seen an email from Jeremy Hockley which was sent on the 21st April at 4.55pm announcing the closure of Hermes Financial Solutions, trading as debtDr and that ...

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  • The Spending Review - "Today is the day when Britain steps back from the brink"...

    The opening statement from George Osborne was "Today is the day when Britain steps back from the brink". He then continued to state that tackling the budget deficit was unavoidable but the decisions which the government make were not – they were cutting the waste the country could not afford and were reforming the welfare system. Continuing with his speech, he said the public need to ensure ‘what we buy, we can afford’ and that we ‘do not saddle our children with our interest’. (The UK pays £43bn a year in debt interest alone!)   If you missed it, the ...

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  • Money worries - biggest cause of loss of sleep!

    A study commissioned by Boots has found that money worries are the biggest cause of loss of sleep; beating relationship problems and weight concerns. Adults lose on average 68 minutes sleep a night fretting about money as wages and jobs come under pressure. Being kept awake at night worrying can be emotionally draining and could have an impact on your health.    Its way too easy advising you not to worry but there are definitely steps you can take to try and avoid sleepless nights and tackle your concerns:-   Try to read something engaging before bed which is absolutely ...

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  • Reviews affecting businesses ability to plan for the future…

    R3 the trade body that represents the insolvency profession are warning that as many as 148,000 small businesses would seriously struggle and possibly fail if they lost their public sector income. It’s good to know I am not alone in calling for joined up thinking from the Coalition government.  R3 has carried out a survey which reveals that 1 in 3 small businesses considered themselves reliant on work from the public sector. It’s not just the threat of cutbacks which is effecting business confidence at the moment, it’s also the fast and furious reviews being undertaken by the current government ...

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  • TCF Debt Solutions to be placed into liquidation...

    It has come to light that TCF Debt Solutions (UK) Ltd has convened a meeting of creditors to be held on 6 August 2010 to place the company into liquidation. Numerous advertisers and brokers are owed monies, how much has yet to be established. The Manchester based firm appears to have sold its assets, prior to liquidation to The MoneyPlus Group for an undisclosed amount. The MoneyPlus Group incorporates Chiltern Debt Management, Hamilton Locke Debt Management and The Debt People.     According to Debt Management Today, Chris Davis, CEO of the MoneyPlus Group has confirmed that they acquired TCF’s ...

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  • The 'unavoidable' budget

    George Osbourne delivers his first budget just 6 weeks after the election. Stating that the budget ‘pays for the past but plans for the future’, George delivers a ‘though but fair’ and ‘unavoidable budget’.   Apparently the deficit should be in balance by 2010/2016 but the new Government are aiming to deliver this a year earlier – by 2014 Whilst the inflation target remains the same at 2%, the Government intend on tacking the deficit by achieving 77% consolidation through spending cuts and 23% through tax increases.   George Obsourne was quick to state at the start of his budget ...

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  • Do you have technical skills you'd like to put to good use?

    A fantastic opportunity has arisen for an Office Support Executive to join our fantastic team. Ideally, you will be able to assist us with the following area's:   Task  System Telephony  Call Management TIM Plus Extension Allocation Assistance Telecom Advance    - External Assistance Telecom Advance    - Internal Assistance Telecom Advance Hardware Changes Internal Switch Mobile Telephone Management Blackberry/iPhone User Management LG-Nortlel ipLDK    - Additions LG-Nortlel ipLDK    - Amendments LG-Nortlel ipLDK    - Deletions LG-Nortlel ipLDK IT - Hardware Photocopier Management Canon Printer Management HP Laserjets Server Management Dell PowerEdge / Small Business Server 2003 System Rebuilds Dell, ...

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All debt solutions should be very carefully considered. Fees will be charged if a solution is taken in order for us to advise and administer the most appropriate action - all fees will be outlined during your consultation. Retained payment may place you further into arrears. The Business Debt Advisor complies with the Consumer Credit Act and you have the right to a cooling off period of 7 days. It is likely that your ability to obtain further credit in the short term will be affected and this may also be the case over the medium to long term.
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